--- tags: alchemists --- # Alchemists Meeting - 06/07/22 ### Snapshot Strategy - Coming together - Balancer in progress - Swapr one to be picked up ### Balancer Emissions - Queued up tx's to claim rewards & re-stake the rewards for veBAL ### CCO3 Snapshot Proposal - Ready to go! #### Announcement Copy 👇 ICYMI @cco3 contributors, we have created a proposal to adjust the HAUS:WETH exchange ratio to more closely match market conditions. tl;dr - **Proposed change:** * Prior to a scheduled transmutation, DAOhaus will calculate the 60 day time-weighted average price (TWAP) of HAUS in ETH terms * IF the 60-day TWAP of HAUS is < 0.01 ETH, THEN ETH will be transmuted for HAUS at the ratio (price) of the 60-day TWAP * IF the 60-day TWAP of HAUS is <0.005 ETH, then ETH will be transmuted for HAUS at a ratio of 0.005 ETH per 1 HAUS * IF the 60-day TWAP of HAUS is > 0.01 ETH, THEN HAUS will be transmuted for HAUS at a rate of 100 HAUS to 1 ETH (the original terms of the CCO). * Therefore, CCO3 contributors still benefit if the price of HAUS moves in the other direction. If you contributed to CCO3, you are allowlisted to participate in a snapshot vote which will be open for the next 5-days, beginning Wednesday Jun 8th. If you want to ratify or veto the proposal, please do so by navigating here - and connecting your wallet to Mainnet.