Migrating Unclaimed $ODOS Retroactive Rewards to Treasury

1. Proposal Summary

This proposal outlines a plan to reclaim all unclaimed $ODOS tokens from the retroactive rewards distribution back into the DAO treasury. The retroactive claim period began on December 20th, 2024, and we propose setting a final claim deadline of July 20th, 2025 (7 months from launch). After this date, all unclaimed tokens will be returned to the Odos treasury.

Roughly 22% of eligible tokens (representing approximately 250mm tokens, or $1.4mm USD at today’s price) remain unclaimed. Reclaiming these tokens will strengthen the DAO’s treasury position and allow for more effective management of the token supply and inflation.

The reclaimed tokens will be used to support community initiatives, ecosystem liquidity, and future token utility enhancements as directed by governance.

2. Rationale

A 7-month claim period provides ample time for eligible recipients to claim their tokens while ensuring efficient treasury management. Data from Flipside Crypto shows that the majority of claims occur within the first few weeks after an airdrop, with claim rates significantly declining thereafter.

Unclaimed tokens represent underutilized protocol assets that could better serve the community by being reintegrated into the treasury. This action aligns with our goal to maintain sustainable tokenomics and responsible resource management for DAO assets. Similar action has been taken by other notable treasuries such as SAFE, Arbitrum, Osmosis, Maple, and more as a way to bolster treasury operations, limit outstanding supply, and increase transparency.

3. Implementation Plan

• July 20th, 2025 will be clearly communicated as the final date for claiming $ODOS retroactive rewards.
• An active communication campaign will be initiated immediately across all DAO channels to inform potential claimants of the deadline.
• On July 20th, 2025, the claim function in the rewards contract will be disabled.
• All unclaimed tokens will be transferred to the Odos treasury multisig.

4. Benefits

• Bolsters Treasury: Increases DAO-controlled assets for future initiatives (liquidity, community, etc.).
• Supply Management: Improves clarity and transparency around the circulating supply of ODOS tokens.
• Resource Optimization: Redirects unclaimed tokens to productive use for the benefit of active community members, such as protocol owned liquidity or other liquidity initiatives

5. Next Steps

• Upon approval, the DAO will begin notifying the community about the July 20th deadline.
• Technical team will prepare for the claim function shutdown.
• As the loyalty program rewards have been being disbursed from the retroactive rewards wallets as well (given the team’s technical prioritization of cross-chains swaps), additional tokens will need to be migrated from the designated loyalty rewards wallet to the retroactive rewards wallet. Moving forward, loyalty rewards will continue to be disbursed from the same wallet, with periodic migration from the designated loyalty rewards wallet to ensure loyalty rewards are unaffected. In the long term, we will aim for a technical update that allows the loyalty rewards to be disbursed from the loyalty rewards wallet.
• A post-reclamation report will be shared with the community detailing the outcome.