# Onyx DAO Token Facility Update **URL:** \ **Category:** Updates\ **Created:** [December 15, 2023, 8:22am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274 "2023-12-15T08:22:51Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![alex](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/alex/32/95_2.png) [@alex](https://community.onyx.org/u/alex)\ **Post date:** [December 15, 2023, 8:22am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/1 "2023-12-15T08:22:51Z")
As of December 12, 2023, the Onyx DAO was notified that it no longer has access to the previously announced $40 million token decision due to business reasons from our counter party. Onyx DAO is notifying our community of such news to keep the community updated. Onyx DAO, to date, has not itself utilized this this token facility due to the economic reality of the utilization causing sell pressure into the market and at a discount to spot. Onyx DAO continues to commit to the protocol without the token facility and this does not hinder any of its plans. ---
**Author:** ![Opa007i](https://avatars.discourse-cdn.com/v4/letter/o/a6a055/32.png) [@Opa007i](https://community.onyx.org/u/Opa007i)\ **Post date:** [December 15, 2023, 4:03pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/2 "2023-12-15T16:03:39Z")
Thanks for the prompt update @alex ---
**Author:** ![MuhammadD](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/muhammadd/32/37_2.png) [@MuhammadD](https://community.onyx.org/u/MuhammadD)\ **Post date:** [December 15, 2023, 6:23pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/3 "2023-12-15T18:23:13Z")
you mean lda token facility ? ---
**Author:** ![alex](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/alex/32/95_2.png) [@alex](https://community.onyx.org/u/alex)\ **Post date:** [December 16, 2023, 9:42am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/4 "2023-12-16T09:42:48Z")
Hey, Yes, it’s about earlier agreement with LDA facility. It’s not available anymore. Still, the reimbursement plan [Recovery Proposal 5: Onyx v2 Launch targeting the primary markets](http://community.onyx.org/t/recovery-proposal-5-onyx-v2-launch-targeting-the-primary-markets/1215/) is ---
**Author:** ![bigcheese](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/bigcheese/32/44_2.png) [@bigcheese](https://community.onyx.org/u/bigcheese)\ **Post date:** [December 16, 2023, 3:31pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/5 "2023-12-16T15:31:20Z")
ok great . thanx for making it transparent ---
**Author:** ![SGF13](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/sgf13/32/41_2.png) [@SGF13](https://community.onyx.org/u/SGF13)\ **Post date:** [December 18, 2023, 6:19pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/6 "2023-12-18T18:19:29Z")
how did you decided to use LDA during recovery plan ? ---
**Author:** ![denndennis\_fam23095](https://avatars.discourse-cdn.com/v4/letter/d/6bbea6/32.png) [@denndennis\_fam23095](https://community.onyx.org/u/denndennis_fam23095)\ **Post date:** [December 18, 2023, 6:39pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/7 "2023-12-18T18:39:38Z")
Ok. Thanx for that ---
**Author:** ![Dejavu](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/dejavu/32/439_2.png) [@Dejavu](https://community.onyx.org/u/Dejavu)\ **Post date:** [December 18, 2023, 7:53pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/8 "2023-12-18T19:53:34Z")
Okay, Have took it into account🙂 ---
**Author:** ![Tui](https://avatars.discourse-cdn.com/v4/letter/t/ccd318/32.png) [@Tui](https://community.onyx.org/u/Tui)\ **Post date:** [December 19, 2023, 2:05am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/9 "2023-12-19T02:05:55Z")
Whats left in the treasury? ---
**Author:** ![Opa007i](https://avatars.discourse-cdn.com/v4/letter/o/a6a055/32.png) [@Opa007i](https://community.onyx.org/u/Opa007i)\ **Post date:** [December 19, 2023, 12:35pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/10 "2023-12-19T12:35:20Z")
i believe @alex would be happy to share detail on it ---
**Author:** ![hereforstaking](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/hereforstaking/32/52_2.png) [@hereforstaking](https://community.onyx.org/u/hereforstaking)\ **Post date:** [December 19, 2023, 7:05pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/11 "2023-12-19T19:05:24Z")
anyway it was never a great deal . we understood it later . ---
**Author:** ![BigRob](https://avatars.discourse-cdn.com/v4/letter/b/6a8cbe/32.png) [@BigRob](https://community.onyx.org/u/BigRob)\ **Post date:** [December 19, 2023, 8:11pm UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/12 "2023-12-19T20:11:49Z")
Great , thanks for the transparency! ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [December 20, 2023, 5:27am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/13 "2023-12-20T05:27:41Z")
Thank you for not affecting the plans and for keeping the community informed. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [December 20, 2023, 5:29am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/14 "2023-12-20T05:29:06Z")
In this way, the possibility of selling pressure is eliminated and I think it will definitely have a positive impact on the price. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [December 20, 2023, 5:30am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/15 "2023-12-20T05:30:05Z")
yes that’s what he means buddy ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [December 20, 2023, 5:30am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/16 "2023-12-20T05:30:55Z")
yes that’s exactly what he means and the deal no longer exists ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [December 20, 2023, 5:32am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/17 "2023-12-20T05:32:44Z")
It was just an offer man and the community rejected it ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [December 20, 2023, 5:33am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/18 "2023-12-20T05:33:54Z")
A proposal was submitted to the community and the community did not approve it, other proposals were published ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [December 20, 2023, 5:35am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/19 "2023-12-20T05:35:49Z")
They are working hard to launch their onyx market. I’m sure they will give more details, let’s give it some time. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [December 20, 2023, 5:37am UTC](https://community.onyx.org/t/onyx-dao-token-facility-update/1274/20 "2023-12-20T05:37:31Z")
They will definitely share more details with us after the work is completed. [Next page](https://community.onyx.org/t/onyx-dao-token-facility-update/1274.md?page=2)