Allocate $WALLET Tokens for RPC Partner

In December 2023, Ambire embarked on a strategic initiative to elevate our user experience by launching an RFP aimed at securing new, enduring partnerships with infrastructure providers for blockchain accesses (RPC). This endeavor targeted 17 esteemed potential providers, eliciting 13 detailed proposals in response. Our goal is to forge a lasting relationship with an RPC provider, incorporating a payment model that includes a portion of the annual fee payable in $WALLET tokens. The purpose of the proposed payment model is to align incentives.

For the upcoming 12 months, we propose to allocate 0.2% of the total $WALLET token supply, equivalent to 2 million $WALLET, from the DAO's reserves as part of our compensation plan to the selected RPC provider. This strategy highlights our dedication to nurturing a sustainable partnership while capitalizing on the $WALLET token ecosystem to create a framework that is advantageous for all parties involved.

The exact payment model will be negotiated with the selected RPC provider by the Ambire team. Whether or not the provider agrees to such a model will definitely influence the selection process. However in case nobody agrees to such a model (unlikely given the current talks), we will return the allocation to the DAO.