Olympus-2024-04: Establishment of Void Agreement with Quantix and Appreciation Token Transfer

1. Proposal ID Unique identifier for the proposal.
   Olympus-2024-4

2. Proposal Summary This proposal seeks approval to formalize a void agreement between Mount Olympus DAO and Quantix to conclude all prior obligations and commitments, allowing for a clean departure from previous contractual entanglements. The proposal also includes the transfer of 75,000 NFAi tokens to Quantix as an appreciation gesture, acknowledging Quantix’s contributions to negotiation efforts. Finally, the proposal addresses a provision for lending these appreciation tokens from user @th2elephant, to be returned at a 0% interest rate from the DAO’s first income.

Yes or No Question (Mandatory). Do you approve the establishment of the void agreement with Quantix, the transfer of 75,000 NFAi tokens as an appreciation gesture, and the loan arrangement with user @th2elephant?

3. Context and Background The initial agreement between Mount Olympus DAO and Quantix was not fulfilled, as Quantix did not receive promised resources—namely, API access and token batches—which were not under Mount Olympus DAO’s control. Due to a lack of transparency on specific penalty clauses, members voted based on incomplete information. DaoBOX, the DAO’s representative, has opposed signing a void agreement and has hindered progress, publicly expressing intentions to step down if the agreement is signed. Given these developments, Quantix has initiated preliminary legal steps, adding pressure for resolution.

Historical Context The need for this void agreement arose from a high-level commitment made by Mount Olympus DAO based on limited details. Since the appointment of DaoBOX by NFALabs (and not the DAO), tensions have escalated, delaying the agreement’s conclusion and potentially leading to legal conflict.

4. Objectives and Goals Primary Objective The primary objective is to finalize a void agreement with Quantix to eliminate prior commitments and reset the relationship, facilitating potential future collaboration on clarified terms. Additional goals include transferring appreciation tokens to Quantix as a goodwill gesture and securing a 0% interest loan of these tokens from user @th2elephant to fund the transfer.

Expected Outcomes and KPIs • Successful formalization of the void agreement with Quantix. • Completion of the token transfer to Quantix as a gesture of appreciation. • Reimbursement of tokens to user @th2elephant from the DAO’s first income.

5. Ecosystem Impact Analysis Positive Impact This void agreement will mitigate reputational and financial risks associated with potential legal actions, allowing Mount Olympus DAO to close prior arrangements transparently and move forward without ongoing liabilities. The appreciation token transfer fosters goodwill with Quantix, potentially supporting a future relationship.

Negative Impact and Risks Token holders might perceive the appreciation token transfer as an unnecessary expense if no future collaboration with Quantix materializes. The loan arrangement, while interest-free, relies on future DAO income, which introduces some financial dependency.

Holder Impact Analysis Token holders benefit from reduced legal risk and increased clarity around the DAO’s standing obligations. The transfer of appreciation tokens, however, carries a small potential for concern over perceived expenses. 6. Financial Implications Budget Breakdown and Cost Analysis The proposal involves a transfer of 75,000 NFAi tokens to Quantix, lent to the DAO by user @th2elephant at a 0% interest rate. These tokens will be returned from the DAO’s first revenue stream, impacting future income distributions.

Expected Financial Impact on the Treasury and Ecosystem Economy The resolution is expected to preserve financial stability by avoiding legal expenses. The debt-free nature of the token loan limits direct impact on treasury holdings, with the primary obligation being token return from income rather than reserves.

Impact on MOUNT OLYMPUS DAO LLC’s Financial Strategy By finalizing the void agreement, the DAO reinforces a strategic focus on transparency and legal compliance, ensuring resources remain available for future initiatives rather than legal disputes.

7. Technical Considerations Technical Changes and Infrastructure Implications No significant technical changes are anticipated for the DAO’s infrastructure.

Security and Compliance Considerations Execution of the void agreement will include measures to prevent any implication of liability or responsibility for the initial agreement’s unmet obligations, maintaining compliance with relevant legal standards.

8. Proposer(s) Proposed by: @moe_linde @Steve_M286 @th2elephant

9. Supporting Documents and References