Proposal 3.1 - Lock Removed Prop 3-FODL for 6 months

Proposal 3 (https://snapshot.org/#/fodl-dao.eth/proposal/0x4f0e20de340ed619aa62ea915831b65e152fe75ba0ffc1b90853147a1479bbe8) was accepted and passed on February 6, 2022. The proposal contemplated removing 50% of team-owned liquidity from Sushi FODL/ETH and FODL/USDC pools for reasons described in Proposal 3.

The community was supportive of this and the logic behind it, however many have voiced concerns about what will happen to the FODL being removed, not wanting a further undue burden on FODL tokenomics and unlocks already planned in the next 18 months.

In order to alleviate these concerns, the team proposes that all FODL removed from the Liquidity Pools as a result of the actions taken by implementing Proposal 3 be locked for 6 months.

Proposal 3 was executed over the following 4 transactions: https://etherscan.io/tx/0x7ccd73fb390fabdfa4707d7014422c9a76ae6820a4fcaa91062770d4ae19db69 https://etherscan.io/tx/0x2e31d2ad17c6464c2831553ae2cf4ba1137691047c89b40b1f2a3f83d252ead5 https://etherscan.io/tx/0x6e0c6301b0e015936d2a3ae71aa8b4bcf87d527cc1a6bf14b31c9bc38ebec58a https://etherscan.io/tx/0x10a31b92d200c22acdb9d6f2b2149cebb9801030cb7a09182ab929270f28d2cf

We propose 6 months because it would align the already committed LP lockup schedule--in fact it will extend the lockup schedule for 4 months for 50% of the FODL that was owned by the team LP as of Feb 6 2022, and subject to the lockup to begin with.

Bottom Line: This would extend project token lock-ups for a number of team tokens, which should have a positive affect on investor outlooks.

If the community would prefer to have a 6 month lock up plus 6 months linear vesting thereafter on the tokens in question, the team will abide by DAO preference.