C4IP-29: DAO administrative windup #160
ninek9
announced in
C4 Proposals
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While I understand the effort. I think this is a poor outcome. Many contributors and token holders are going to receive paltry payouts compared to the equity value that has been built for C4 over time. I strongly urge you to find a better mechanism. |
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Consistent with Proposals C4IP-27 & C4IP-28: Code4rena DAO restructuring and as provided for under the Association Agreement contained in C4IP-19: Code4rena adoption of UNA legal entity structure, this proposal dissolves the Code4rena UNA effective immediately upon passage.
The legal UNA entity continues to exist only for the purposes of winding up its operations, which includes:
This proposal authorizes Code4 Corporation as administrator to engage in the windup of the association. Accordingly, Code4 is authorized to take the following actions on behalf of the DAO:
This proposal authorizes the following distributions:
Another proposal will follow shortly handling the burning of the ARENA tokens held in the treasury.
Vote on the proposal here: https://www.tally.xyz/gov/code4rena/proposal/2319872355595192071
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