1UP Governance Proposal: Unwind the AMO

Summary
This proposal unwinds the 1UP AMO to improve capital efficiency, reduce operational risk, and eliminate ongoing manual overhead.

Rationale
The AMO was designed to be flexible and reversible. Per the 4th bullet in the AMO section of the original 1UP spec:

“AMO can be unwound by converting all assets into upYFI and thereafter distributing the additional upYFI to supYFI holders.”

Unwinding achieves three goals:

1. Capital efficiency – consolidates idle or fragmented assets back into upYFI.
2. Risk reduction – removes the chance of human error in ongoing AMO management.
3. Operational simplicity – ends the AMO multisig's need for manual execution and monitoring.

Implementation

1. All assets held in the AMO multisig will be redeemed or swapped into YFI.
2. The YFI will be converted into upYFI.
3. upYFI will be distributed pro-rata to all supYFI holders, using a snapshot taken at the time of this proposal’s publication.
4. Should any additional fees or assets accrue to the AMO, enable the team to repeat these steps as necessary

This action fully aligns with the original specification, while maximizing fairness and efficiency for all stakeholders.