Pudgy Vault: Distribution of Proceeds (ETH Or $MINT)

Intro

The proposal to wind down the Pudgy Vault has successfully passed, and the insrt team has sold all of the Pudgy Vault assets for a net profit of 40.2 ETH!

The total proceeds from vault asset sales are 87.934 ETH, which all ShardPengu holders are entitled to on a pro rata basis.

A detailed breakdown of vault assets and proceeds can be found here: https://docs.google.com/spreadsheets/d/1lAjYrS1EORgt0xUjRM4RANuKOnX9uH0eeZn_JuhT6Hk/edit?usp=sharing

Distribution

Users have two options when deciding how they'd like to receive their distribution:

• Claim the proceeds in the form of ETH minus the protocol sales fee (5%)* : 0.20884 ETH

- Claim the proceeds in the form of MINT with no sales fee applied : 219,835 $MINT

*The protocol sales fees acquired from the termination of a ShardVault will be distributed to Dawn of Insrt holders on the basis of rarity.

Voting

PenguShard holders that would like their distribution paid in $MINT should vote "For" this proposal. Otherwise, distributions will default to being paid in ETH and will occur at the conclusion of this proposal.

Distributions will be sent to the Shard holders' address. In the case of ETH, distribution will occur on Mainnet. $MINT will be distributed on Arbitrum.