BIP 49: Opolis Strategic Investment Negotiated Terms

TL;DR: Although BIP-49, which asked the community for team negotiating power over a deal with Web3-PEO Opolis, passed the forum vote with a supermajority, a number of well thought out responses prevented the deal from moving forward. The core team took the opportunity to step back and reexamine the deal.

1. Grant to Opolis

• BadgerDAO makes a $1M community grant to Opolis
• 50% USDC (unlocked), 20% wBTC (unlocked), 30% Badger (unlocked on a 4-year vesting schedule)

2. $WORK Rewards to BadgerDAO Treasury

• 9,350,000 $WORK Rewards from Genesis Allocation Vesting Pool - 20% vested/unlocked immediately; 80% vested via 4-year stream
• 1,675,000 $WORK Rewards from Genesis Allocation Coalition Vested Pool - Unlocked and Vested 100%
• 11,025,000 $WORK Rewards in Total from the Genesis Allocation
• 3,545,000 Unlocked $WORK; 7,480,000 4-Year Vest
• 9.05% of the Total Unlocked Non-Treasury Genesis Supply
• 4.73% of the Total Unlocked Genesis Supply -3.5% of the Total Genesis Allocation
• $WORK locked in treasuries is precluded from staking as to not take from the community
• $WORK locked in treasuries will be held for at least one year except as deemed strategically necessary by the Board of Stewards

Link to discussions: https://forum.badger.finance/t/updated-bip-49-opolis-strategic-investment/4457