MetaDAO community passes proposal to liquidate Ranger Finance

Foresight News reported that the MetaDAO community has passed the proposal to "liquidate Ranger Finance." The proposal includes removing all RNGR/USDC liquidity from the Futarchy AMM; transferring all USDC reserves to the MetaDAO team, which will be proportionally distributed to all unlocked token holders based on snapshot data; and returning all intellectual property belonging to Futarchy governance SPC to Glint House PTE. LTD.

The official statement noted that 5,047,250 USDC has been removed from the treasury and liquidity pool and will be distributed to RNGR holders. The wallet snapshot will be taken at 8:00 AM (UTC+8) on March 13.