Proposal to enable foundations for underlying on-chain mechanics and interchangeability:

Part of friesDAO's goals is to expand the capability for its real world operations to be integrated into on-chain mechanics. The utility of FRIES should be explored in how it could serve as an underpinning of both internal and external blockchain protocols, particularly the capability to integrate into use cases via other smart contracts.

It is understood that friesDAO raised a treasury for an experimental endeavor to explore crypto governance and on-chain mechanics with real world operations, and not for speculative trading in search of profits. However, a fundamental requirement in exploring the fungibility and interactability with other protocols is enabling a liquidity pathway. The ability to convert one token into another is an integral part of on-chain mechanics with the ability to leverage blockchain innovations such as various defi protocols. Thus pairing FRIES with a baseline token that can be supported with minimal slippage through a protocol like Curve or Uniswap is critical.

We propose that a portion of the miscellaneous token pool (10,000,000 tokens) and 230,880 USDC (representing the total equivalent token representative value at time of raise) be transferred to a multisig treasury held by five community members:

• Doc Schultz - https://twitter.com/DokSchultz
• Cook Frychemist - https://twitter.com/c0inalchemist
• hotfries15 - https://twitter.com/hotpinz15
• Kuji - https://twitter.com/kujiiii
• Melon - https://twitter.com/MelonBTC

Three signatures will be required to move funds and create a Uniswap V2 liquidity pool, locked for 1 year, and this will effectively enable the foundations of decentralized fungibility to explore on-chain protocol integration with other projects. Should friesDAO fail to acquire a franchise and the community elects to refund, we can hold a new governance vote to return the liquidity upon unlock back to the treasury. We should do this sooner than later, as rogue pools in the future may adversely impact the treasury cost to facilitate this if we do not provide the baseline pool. The options would be:

Option 1: Yes, create multisig treasury and add liquidity

Option 2: No, do NOT create multisig treasury or add liquidity

Note that this proposal would be strictly for utility purposes, and as a community we all acknowledge and understand the risks of volatility during swaps. Out of respect and courtesy for the multisig holders of the treasury, should the community successful pass a Yes vote for this proposal, we as a community release any liability from the multisig holders, advisors, and initial organizers, as this would be strictly a decision of our own accord.

This vote will run for 24 hours (ending tomorrow Feb 24, 4:00pm EST/1:00pm PST).

*** Tokens will become claimable 5 hours after the vote ends (tomorrow Feb 24, 9:00pm EST/6:00pm PST) ONLY in the event of this proposal passing with a YES vote. ***