Redemption Options:

This is not the final vote. This vote is meant to trim the redemption formulas down to a single best approach.

Next vote will cover 1) do nothing, 2) the selected redemption option, 3) more discussion.

These 3 redemption models are up for vote to select the best approach.

Notes: Redemption via a direct conversation or Smart Contract will be decided in a subsequent vote. Goodwill tokens to people who redeem all value will be decided in a subsequent vote. Quantities based on the Block Number 12774321, will be validated. You must have those quantities available to redeem. Value will be returned in wbtc/eth depending on what the ideafund has available.
If you don't redeem your value, it will be rolled forward at the above rates into pivot of the DAO.

Options: Option 1: Every Thing has value: Leave it in or take it out. IdeaFund will redeem outstanding tokens at the following values.

wBTC/LFBTC LFBTC $16,200.00 wETH/LFETH LFETH $1,069.50 lfBTC/LIFT LFBTC $8,100.00 lfBTC/LIFT LIFT $3.00 Boardroom LIFT $5.00 Boardroom CTRL $4,200.00 Founders CTRL $0 IdeaFund CTRL $0 Private Wallets LFBTC $16,200.00 Private Wallets LFETH $1,069.50 Private Wallets LIFT $0 Private Wallets CTRL $4,200.00

Founders CTRL will not have value for redemption in this model, but will carry the same $4,200 value as carry forward in new DAO value.

Option 2: LIFT and CTRL have no value Only LFBTC/LFETH will be included in the value calculation. Calculation will be as follows as illustrated in option 2 of th excel file.

(Your LFBTC * PEG Value) + (Your LFETH * PEG Value) / (Total LFBTC * PEG Value) + (Total LFETH * PEG Value) = Your Percentage of Protocol Value Your Percentage of Protocol Value * Total IdeaFund Value = Your Value at redemption.

Option 3: Genesis Based Model wBTC/LFBTC - will be included in calculation (~13 in circulation) wETH/LFETH - will be included in calculation (~124 in circulation) Staked genesis WBTC will be included in calculation (~29.6 wbtc) LFBTC in the LFBTC/LIFT pool will not be included in LFBTC math.

Formula will be (Your LFBTC * PEG Value) + (Your LFETH * Peg Value) + (Your genesis stake * PEG Value (if still staked)) / (Total LFBTC * PEG Value) + (Total LFETH * Peg Value) + (Total Genesis Stake * PEG Value (still staked)) = Your Percentage of Protocol Value

Your Percentage of Protocol Value * Total IdeaFund Value = Your Value at Redemption