Transferring vQi to Beefy

The Vault Managers are proposing a partnership with Beefy to have them assume ownership of the underlying assets of the vQi contract, and vQi owners would receive corresponding shares of beefyQi. As a reminder, vQi is composed of maximally-locked Qi, or eQi. The vQi contract has several million Qi locked into it. QiDao is preparing to migrate all locked Qi to a Balancer LP on mainnet. The GotchiVault devs are not planning to continue maintaining vQi once this migration happens. Beefy, which runs a similar liquid-eQi token, has agreed to take on all of the eQi underlying the vQi contract in their new migrated beQi contract. In practice, this would look like the following: (1) VLT voters vote for our locked Balancer LP to be airdropped to beefy’s new contract: (2) QiDao team transfers our LP to Beefy; (3) Beefy mints a corresponding amount of beQi for vQi holders to claim.