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What exactly is the purpose of all these bailouts? Can someone make a succinct argument as to why we would pay almost 50% over market for a failing protocol that will likely go to zero without this?
I assume we would acquire the treasury and that’s great for OHM, but I don’t see why we would use gOHM to bail out these protocols and not at the very least vest their gOHM so it doesn’t flood the market. If we’re welcoming these people back hohm, and paying a premium on top of that, the least we can do is have their gOHM payout vest over a period of time (possibly as a bond, so 14 days?)
We’re not in the most ideal market position right now as is, so this feels like a chance for people who backed a failing protocol to get out at a higher price and potentially cash out to the detriment of OHM price…