Judging by the current market price alone, this seems like a significant discount on cUSD and so would be difficult to approve. I understand that when proposed, this was aligned with the current market price, so my question here is more general.
With Granda Mento proposals, is there a good strategy for handling the fact that the market price will change between the proposal time and the referendum? Assuming the proposal is to mint a stable token (i.e. to sell CELO for a stable token) then the CELO price increasing would make the proposal seem more beneficial for the network, and would make it easier to approve. If the CELO price goes done, as is currently the case, then it makes the proposal seem less beneficial and harder to approve.
This is also relevant to Granda Mento Exchange Proposal 2 Discussion: 1,000,000 CELO for 5,547,000 cEUR