On July 22, Aavegotchi community members proposed to purchase the DAO treasury (approximately 16.00M GHST) at a 60% discount to the 14-day average price, worth approximately $3.20M. The proposer, Rongming Investment, is a subsidiary of the Chinese equity financing institution Yifeng Investment. The transaction outlined in the proposal would grant Rongming Investment the right to use and market Aavegotchi IP, dissolve the DAO, and distribute the proceeds to active community members. Due to the rejection of over 90% of the community members, and with only over 2.00M GHST tokens participating, reaching only 28% of the required quorum, the acquisition offer will be rejected if the current trend remains unchanged. Voting is scheduled to end on July 25. [Foresight News]

Yi Feng Investment's proposal to acquire the Aavegotchi Treasury is opposed by the community