Bye bye PapaDAO

Yesterday, I said that it was time to say goodbye. Then it was all about me going to bed to sleep. But, today I am actually here to say goodbye to someone, and that someone is PapaDAO, a crypto that we included in our OlympusDAO fork experiment on December 8th.

Now they have said that they will finish their DAO for now, seeing that it didn't turn into a success and that the full pack of DAOs like these is falling apart. So, why keep on working if this doesn't work well right now?

What will PapaDAO do?

They took a snapshot of the PapaDAO holdings of everyone a few days ago, and based on this, they will sell all the tokens in the treasury and send the token holders the money from the treasury as MIM and/or USDC tokens. The expected value per PAPA token will be between $1.7 and $1.9. More information will be given later as this will take place, but first, they need to sell the tokens from the treasury and get the funds ready for transfer.

So, that means we can wave goodbye to PapaDAO. They have said that they might return sometime in the future, but I highly doubt that. Time will show!