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DineroDineroby0x3d97E13A1D2bb4C9cE9EA9d424D83d3638F052ad0x3d97…52ad

DIP4: Settlement of Synonym DINERO Allocation

Voting ended over 1 year agoSucceeded

This proposal outlines a comprehensive plan for the distribution and settlement of the DINERO tokens currently held by the Synonym (formerly New Order) treasury. The proposal includes: A phased distribution of 1,000,000 DINERO tokens per month to rCT holders for 8 months (8,000,000 total). This represents the entirety of vested DINERO tokens currently held by the Synonym treasury. The purchase of the remaining vested DINERO tokens (39,780,000 DINERO) by the Dinero Protocol treasury at a price of 302,000 DAI. This price is equal to the 30 day average price of DINERO multiplied by an illiquidity discount at the time of proposal posting.

The Synonym treasury will retain the DAI received from the conclusion of the vest for operational flexibility. These actions aim to align the interests of all parties, unlock value for rCT holders, and conclude the Synonym vesting arrangement with Dinero Protocol in a transparent and mutually beneficial manner.

Off-Chain Vote

Yes
96.02M DINERO100%
No
0 DINERO0%
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Discussion

DineroDIP4: Settlement of Synonym DINERO Allocation

Timeline

Oct 31, 2024Proposal created
Oct 31, 2024Proposal vote started
Nov 03, 2024Proposal vote ended
Nov 03, 2024Proposal updated