Proposal: Full redemption of the treasury

As outlined in the following Medium post: https://medium.com/venomdao/regarding-the-future-of-euphoria-7ee4b3bc1dd - shutting down the project and fully redeeming the treasury back to its holders seems to be the most sensible way forward.

As outlined in the post we suggest that the redemption process is carried out on Avalanche and in native USDC.

Latest snapshot data:

• Wagmi total supply: 1,245,507.821524189
• sWagmi index: 27.313464551
• Treasury: $19,507,975
• Backing per WAGMI: $15.66
• Backing per wsWAGMI: $427.80

IMPORTANT - this is NOT the final backing or redemption value. $10m+ of the treasury will be needed to be converted to native USDC on Avalanche which will incur some slippage/conversion costs.

The final redemption price per wsWAGMI will be determined AFTER the treasury has been fully converted to native USDC on Avalanche.

After conclusion of the vote:

• Convert remaining assets to native Avalanche USDC
• Determine final redemption value per wsWAGMI
• Deploy the redemption contract and the redemption portal

Voting options

• YES - I want to redeem my wsWAGMI for USDC
• NO - I do not want to redeem my wsWAGMI for USDC