Yifeng Investment proposed to acquire Aavegotchi's treasury proposal, but the community opposed it

According to Foresight News, Aavegotchi community members proposed on July 22 to purchase the DAO treasury (approximately 16 million GHST) at a 60% discount based on the 14-day average price, valued at around $3.2 million. The proposal's initiator, Rongming Investment, a subsidiary of Yifeng Investment, a Chinese equity financing institution, outlined a transaction that would grant Rongming Investment rights to use and market Aavegotchi IP, dissolve the DAO, and distribute proceeds to active community members. As over 90% of community members rejected the proposal, and only over 2 million GHST tokens participated, reaching just 28% of the required quorum, the acquisition offer will likely be rejected if the current trend continues. The voting is scheduled to end on July 25.