Backing price of wMEMO holds assets which have huge upside like BSGG tokens, Cross the Ages tokens. And some of these tokens aren’t even received yet, i.e., are locked with vesting schedule. It just won’t make sense to convert this whole backing to SPELL tokens, one can simply swap stable part (MIM, USDC, etc.) of their share to SPELL. Unless contradicted, I am saying NO to this proposal. Previous merger proposal was better than this as in that our treasury was still being used for investment in good projects, protocols, yield farming, trading, etc.