Summary

This proposal is authored by both the Dinero and Plume team and outlines a strategic proposal for the absorption of the entirety of the Dinero Protocol into the Plume ecosystem and the dissolution of the Dinero DAO. The dissolution will involve the distribution of the Dinero treasury plus a buyout premium to $DINERO holders, both in $USDC.

The $DINERO token, for the past few months, has traded near or below its intrinsic RFV, and the protocol faces persistent challenges across market conditions, competitive dynamics, and internal operations. Rather than risk a gradual decline in value, this proposal offers a clean and equitable path forward by distributing the treasury plus a premium pro-rata to circulating $DINERO holders, while keeping the product suite alive with a new set of resources available to help scale them. This approach preserves value for the community and reflects the transparency and capital efficiency that defined Dinero’s original vision.

If this proposal passes, the Dinero DAO will be dissolved and DINERO (and recognized forms like sDINERO) will no longer be a governance token. Its only function will be to redeem for USDC at a fixed per-token redemption amount set at redemption contract launch.

Buyout premium

In addition to the Dinero Treasury value (RFV), Plume Foundation will offer an additional $1 million in $USDC, to be distributed to circulating (non-treasury) $DINERO.

Redemption mechanics

Redemption rate. The DAO will convert Treasury assets to USDC and include a $1,000,000 buyout premium. All DAO-controlled DINERO/sDINERO will be burned with no consideration prior to launch.

Per-Token Redemption Amount (PTRA):

• PTRA = (USDC_Treasury + $1,000,000 − WindDownCosts) ÷ DINERO_Redeemable_Supply
• DINERO_Redeemable_Supply = total DINERO excluding DAO-controlled balances at rate-lock.

The PTRA is fixed at contract launch (no true-ups or interest) and does not change.

Settlement & finality. After accepting the in-app Redemption Terms, a holder burns DINERO/sDINERO and receives USDC at the fixed PTRA to the same wallet. Redemptions are final and irreversible. All governance/reward/airdrop/future-distribution expectations tied to redeemed tokens are permanently extinguished.

Proposed Actions

• End all product and governance token incentives (e.g. pxETH, pxSOL, sDINERO)
• Consolidate non-DINERO Treasury (including illiquid positions) to USDC
• Remove DAO protocol-owned liquidity (POL) and burn DAO-controlled DINERO
• Launch the redemption contract and enable fixed-rate DINERO→USDC redemptions (includes buyout premium)
• Dissolve the DAO
• Migrate DINERO protocol (pxETH, ipxETH, branded LSTs, and the rest to Plume native products)

Wind-Down, Redemption & Liability Terms

A. Definitions. “DAO” = Dinero DAO; “Contributors” = core contributors, service providers, multisig signers, delegates, advisors; “DINERO” includes recognized 1:1 wrapped/staked forms (e.g., sDINERO); “Treasury” = assets controlled by the DAO; “Redemption Terms” = posted formula/process/risks incorporated by hash; “Stewards” = the DAO’s authorized signers implementing this proposal; “WindDownCosts” = audit/infra/execution/migration costs; “DINERO_Redeemable_Supply” = total DINERO plus recognized 1:1 wrapped/staked forms excluding DAO-controlled balances at rate-lock; “PTRA” = fixed per-token redemption amount set at redemption contract launch; “Effective Time” means the block timestamp at which this proposal passes governance.

B. Governance sunset & authority. On proposal approval, DINERO and other forms of DAO governance tokens immediately cease to confer any governance or utility rights; the Stewards may (i) execute documents with Plume, (ii) consolidate Treasury, (iii) run the redemption at the fixed PTRA, (iv) pay wind-down costs, and (v) dissolve DAO operations.

C. Consolidation & rate-lock. Treasury will be consolidated to USDC using commercially reasonable efforts; DAO-held DINERO/sDINERO will be burned with no consideration before launch. The PTRA is set at redemption contract launch as: PTRA = (USDC_Treasury + $1,000,000 − WindDownCosts) ÷ DINERO_Redeemable_Supply and is final (no true-ups or interest). Dollar figures in this proposal are estimates.

D. Redemption & finality. A holder signs the Redemption Terms/waiver and burns DINERO/sDINERO; the contract settles USDC at the fixed PTRA to the same wallet. Redemptions are final and irreversible. Upon redemption, and in any event as of the Effective Time, all governance/reward/airdrop/future-distribution expectations tied to redeemed tokens are permanently extinguished.

E. As of the Effective Time all sDINERO and product related incentive programs (including token emissions, staking/reward accruals, liquidity-mining, buybacks, rebates, and any revenue-share distributions) permanently cease

F. Closure. Following adequate notice the program may be closed upon which all DINERO token rights will be relinquished.

G. Dissolution. After the program closure, the DAO ceases operations; governance front-ends are shut down.

H. No successor liability. Plume and its affiliates do not assume DAO liabilities except as expressly set out in definitive transaction documents.

I. Releases & covenant not to sue. Upon the earlier of (x) a holder’s redemption or (y) the program’s closure date following public notice, each holder releases the DAO and Contributors from claims arising out of creation, governance, maintenance, or wind-down of the DAO and covenants not to sue on released claims.

J. Indemnity. Prior to distributions, the Treasury will indemnify Contributors for third-party claims arising solely from implementing this proposal.

K. Sanctions & tax. By redeeming, the holder confirms they are not sanctioned, funds are lawful, and they are responsible for taxes.

L. No securities; no reliance. This is not an offer of securities or advice; holders do not rely on forward-looking statements or marketing; redemption is a one-time wind-down distribution per the Redemption Terms.

M. Disputes; governing law. New York law governs; binding AAA arbitration in New York on an individual basis; class-action and jury-trial waivers to the extent permitted.

N. Version pin & consent. The app displays the hash (CID/SHA-256) of these Terms and the Redemption Terms and requires an EIP-712 wallet signature before redeeming; re-acknowledgment is required if the hash changes.

O. Conflicts. If there is any conflict between this “Wind-Down, Redemption & Liability Terms” section (including the posted Redemption Terms) and any summary text in this proposal, this section and the Redemption Terms control.

P. Survival. Sections D–N survive redemption and dissolution.

Voting Options

✅ Yes – Approve the Plume transaction, authorize Treasury consolidation and the DINERO burn-for-USDC redemption, sunset DINERO governance, and instruct the Stewards to implement the Wind-Down, Redemption & Liability Terms and dissolve the DAO.

❌ No – Continue operating Dinero Protocol with existing treasury, acknowledging the risk of further price and treasury decay.

🤝 Abstain