Final BeetsDAO/$FUNG Token Distribution & Fiduciary Proposal 1 of 3

NOTE: Due to inefficiencies with Snapshot, this proposal must be split in three. The votes are listed below. Please go back and click on EACH to vote.

Overview

On February 28th, it is expected that Fungify (https://fungify.it) will release their token to liquidity pool. We will subsequently receive vested tokens.

Please read the linked documents. This interface is not robust enough to support the detail within it.

Proposal Summary

• $FUNG Token Distribution: A detailed plan for airdropping tokens to eligible members, including a distribution timeline.
• DAO Liability Settlement: A structured "waterfall" approach prioritizing specific assets for liquidation to settle liabilities, protecting member holdings.
• Claim Period Closure: A vote to set a deadline for unconfirmed wallets to claim tokens.
• Tax Efficiency: A vote on the potential use of Eulerbeats to address tax liabilities.

The wallet confirmation process CLOSED as of several weeks ago. All reconciliations are locked. Your tokens are not lost. They will need to be claimed from the staking wallet post-launch.

The text of the proposal is LINKED HERE: https://docs.google.com/document/d/1f3oE0Vei2439Vu92k7P3LKpEZY-7bucIMg6GVAh8ue4/edit?usp=sharing

Member list and value buckets are LINKED HERE: https://docs.google.com/spreadsheets/d/1CNm7xODu7haflrbq_DTpfdoYdAgxwZFxSYs-aqB-pmM/edit?usp=sharing

Voting

Three issues will be put to vote:

Staking Yield Distribution

Disagreement with the staking plan may result in an alternative model to be proposed on the BeetsDAO Discord. Should the vote fail, tokens will be held, but not staked.

Choice 1: Agree to staking plan Choice 2: Disagree or abstain from vote on staking plan

Sunset of Claims Period

Claims should not be held open indefinitely. This vote determines the timeframe by which the claim process will end, and tokens will be redistributed from the Claim Wallet

Choice 1: 6 months Choice 2: 12 months Choice 3: More than 12 months Choice 4: Less than 6 months

Tax Efficiency: Eulerbeats

We must both minimize and reserve tax liability. Eulerbeats carry a cost basis of >$250,000. Do you agree with burning Eulerbeats to cover DAO tax liability arising from the receipt of tokens?

Choice 1: Yes, I agree with liquidating Eulerbeats to match gains Choice 2: No, I do not agree with liquidating Eulerbeats to match gains