Over the past year, there have been no new ideas or proposals for the DAO to work on. Since governance is no longer necessary and maintaining the infrastructure is gradually depleting the treasury, I propose, as outlined in the previous announcement, to sunset the DAO and redistribute the treasury to token holders.

Based on this proposal, along with the DAO’s history, current state, and community feedback, we believe it would be best to remove any remaining functionality and operational costs associated with the Muse token.

After this proposal passes, the Muse token will not have any more utility as governance and will join the rank of collectible/meme tokens.

Proposal

The goal is to fairly distribute the DAO’s treasury by using it to buy back Muse, ensuring that value is returned to the holders.

• Convert all assets held by the treasury on Mainnet and Arbitrum into ETH.
• Burn all Muse tokens currently held in the treasury.
• Use the ETH in the treasury to execute a TWAP buyback of $MUSE over six months via CowSwap.
• Burn bought back $MUSE

Additional Measures

Infrastructure support (hosting, domain names, etc.) will continue for the next six months. Users will still be able to interact with platforms like NF20 using block explorer or scripts.

Each of the three multi-sig operators will receive 1 ETH as an incentive for safely generating and signing all necessary transactions.

The cooldown period on staked Muse will be adjusted to allow sMuse holders easier access to their assets.

Note

Addresses of treasury: https://etherscan.io/address/0x6fBa46974b2b1bEfefA034e236A32e1f10C5A148 https://arbiscan.io/address/0xd7f52f7ff142b94b8defc7da8d34a7c65407533a#code

As always, feel free to join the discussion in the DAO channels on Discord.