PROPOSAL OUTLINE

Mozaic DAO stands at a critical crossroads. This proposal recommends rebranding and restructuring Mozaic to Haiku, a next-generation DeFAI protocol designed to expand Mozaic's foundation while introducing new cutting-edge capabilities. Haiku will offer AI-powered trading solutions, scalable tokenomics, and institutional-grade products, ensuring the protocol is well-positioned to compete and thrive.

KEY DETAILS

Migration Terms

The key terms of the proposed migration to Haiku are set out below:

• Holders receive 1 $HKU per 1 $MOZ/$xMOZ in the Migration Pool
• The Migration Pool vests 20% at TGE with the remainder monthly over 4 months
• Migration calculations are based on token supply pre $140M treasury token burn (Nov'24)
• There is a 6-month claim window for $HKU
• You do not need to unstake your $xMOZ to be eligible for migration
• Unvested and unclaimed tokens across all vesting arrangements will not be eligible for migration to $HKU
• Pre-seed investors receive 25% credit for unvested tokens
• Aug/Sep 2024 OTC investors will transition to the Haiku Migration pool
• Hoplite NFTs are deprecated with a compensation plan
• Compensation plan for Mar’24 vault hack victims
• Theseus vault continues operating during the transition period

Haiku Product Suite

The following products and features will be launched under the Haiku brand:

• Haiku Agent: an AI-powered assistant that enables natural language trading execution.
• Haiku Classic: a comprehensive DeFAI intents-based trading tool in Alpha on Arbitrum. Enables seamless multi-token swaps, lending, borrowing, and bridging in atomic transactions. Production testing is ongoing on Base, with support for Berachain, BNB Chain and Optimism in development.
• Haiku Vaults: Enhanced architecture supporting complex yield optimisation strategies, including delta-neutral solutions. Leverages Haiku’s intents for seamless operations.
• Haiku Intents API: an API suite exposing trading, vaults and liquidity optimisation capabilities to wholesale clients. Currently in pilot testing.
• Haiku Enterprise: a licensed solution offering institutions access to advanced trading infrastructure including backtesting capability and low-latency execution.

$HKU Token Features

Haiku's $HKU token will have the following key features:

• $HKU maximum supply: 1 Billion
• Voting-escrow governance ($veHKU) at TGE
• Additional features subject to DAO approval include fee discounts, LP incentives, and vault incentives
• Network: $HKU token will be launched on Berachain.

Timeline

• First snapshot (completed): January 10, 2025
• Voting period: Monday January 20 to Wednesday January 23, 2025 12:00 UTC
• Migration snapshot: Friday January 24, 2025 12:00 UTC
• Protocol-owned liquidity for the $MOZ token will be removed at the time of the Migration snapshot
• Audit is currently in progress (update from proposal document)
• Staged product launch after audit completion
• TGE: Upon completion of fundraising (Est. Q1 2025)

CONSIDERATIONS

• Quorum threshold: 4,000,000 $xMOZ
• Approval requires 65% of vote
• Upon approval, Core Contributors are authorised to implement proposal
• This proposal represents the framework for resolving all claims related to the March 2024 Mozaic DAO vault hack.

FULL DOCUMENTATION

For complete details on the migration plan, tokenomics, and strategic rationale, please review the comprehensive proposal document: https://docsend.com/view/74at2e55epscph24