UPONLY Realignment and =DAO vested interest PROPOSAL

UPONLY Realignment and =DAO vested interest PROPOSAL

Purpose Currently =DAO treasury has no vested interest in seeing the success of UPONLY. I’m proposing a solution to this issue which would see a positive effect on UPONLY and DAO treasury.

Currently we are incentivising UPONLY/EQUAL utilising additional UPONLY we gained via an early buy. By bribing with this it gave us an initial boost in votes but caused consistent sell pressure on UPONLY and is reversing the flywheel on EQUAL/UPONLY emissions and burns.

Another issue is we moved the initial 34% EQUAL emissions intended to bribe to another pair, which has shown an instant impact on main pair votes. Causing additional damage to the emissions and burn flywheel.

Proposed solution:

=DAO would liquidate its current liquid LP holdings, we would then market buy and pair UPONLY with EQUAL.

We would then commit to bribing EQUAL/UPONLY with both the UPONLY allocated and the 34% EQUAL emissions from the original plan.

The DAO would then commit to utilising its veNFT to vote 100% on this pair. Reducing UPONLY sell pressure and giving us a consistent accumulation of UPONLY and EQUAL to compound our new LP. We would commit to utilising all bribe rewards for compounding.

We would commit to building a new veNFT with all farmed equal to allow us to sustain this pair indefinitely but also allow us to utilise our original veNFT for other initiatives.

The side effects of this proposal would be the DAO would be accumulating EQUAL at a potentially high rate and give us a much better shot at performing in the meme competition which would be a significant bonus for DAO treasury. —

• This proposal would also propose to move =BULLS LP to EQUAL/UPONLY.*

• Original UPONLY/EQUAL LP would be moved to a new Multisig where it would be accessed only to perform burn and bribe duties.

• This proposal would also mean the treasury would be required stop compounding veNFT voter rewards into the veNFT and instead the rewards would be used to build the LP until it is self sustainable*. We then would reassess whether to continue or change tactic after reaching $25k LP.

• Voting for the pair will add a sustainable burn to both tokens weekly.

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Vote options:

1. Voting YES and commit to the LP with all liquid LP assets.

2. Voting YES and commit to liquidating only FTM and EQUAL portions of our LP to add the UPONLY/EQUAL. Leaving BAY and fBOMB holdings until we reach our goal then rebuild LP with those.

3. Vote NO to the proposal