CGP #62: Passed but marked as rejected

Mento
1

Hi all,

CGP #62: One-to-one stable value asset basket and 50/50 DAI-USDC-Split has received 100% “Yes” votes with a 35M participation (of the required ~25M) but has automatically been labeled as rejected due to a technicality: There was no execution call to the governance contract during the execution period because CGP #62 did not contain any executable on-chain changes. Executing the CGP, which could have been done by any CELO holder during the execution period, would not have made any difference except for the rejected/accepted labelling of the CGP and I believe that the proposal should therefore be considered passed. Do you all share this view?

Furthermore, I think it would be worth to suggest a change to the governance process such that CGPs without executable changes do not have to be executed in the future to be labeled as passed.

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2

Quick update for visibility on CGP62: The reserve reached the 50/50 DAI-USD split decided upon in the proposal: https://reserve.mento.org/

The reserve is about 5M short of also reaching the 1:1 allocation in stable value assets but can be expected to reach that target soon too.

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