PandaDAO has launched the official refund program, accumulating 1805.17 ETH for refunds

Chain Catcher news, PandaDAO announced on Twitter the official launch of the refund program, where every 500,000 $PANDA can be refunded for 1.258 ETH, with a total of 1805.17 ETH available for refunds. The logic of the refund contract is that the refund amount equals the amount of ETH in the contract / the total supply of PANDA. If someone requests a refund, the corresponding PANDA will be burned and can never be recovered, while the total supply of PANDA will also decrease.

PandaDAO also stated at the end of the article, "If we had bought back all the ETH at $800, and launched a permanent E-based refund, perhaps it wouldn't have come to this. If we had discovered earlier that the buyback price ceiling was too high, terminated the buyback, and vetoed the proposal, perhaps it wouldn't have come to this. If we had achieved complete autonomy earlier, perhaps it wouldn't have come to this."

Previously reported, on September 19, Panda, a core member of PandaDAO, tweeted that a community refund and dissolution proposal would be released, with the main reasons for dissolution being issues with the governance structure and DAO management. On September 24, the community refund and dissolution proposal of PandaDAO was passed with a support rate of 66.33%. (source link)