WBTC Official Proposal #1

Overview: This proposal aims to send part of the DAOs WBTC holdings to the specified wallet that we plan on selling from when our price target is triggered at $80k/WBTC token.

**FrankenDAO Benefits: ** Execution of initial proposal to sell at least 2 WBTC at the specified $80k price mark. Funds from the sale at $80k will begin to replenish the investment costs for the DAOs original purchase + replenish the DAO Ops 2024 Budget that was used to pay for the Experiment 9 Full Block Inscription

Timeline: There is no specific timeline for this proposal to be executed. The goal of this proposal is to have the funds on standby and ready to sell with us approaching our exit price at $80k.

Budget & Fund Utilization: Total Budget= 2.5 WBTC Fund Utilization: Minimum of 2 WBTC will be sold at $80k/WBTC 24.5 Eth or equivalent to $70k will go back to the DAO and be used to replenish the DAO Ops Wallet for 2024. (Funds used to purchase Experiment 9 Full Block Inscription) The remainder of the profits will be sent back to the DAO ($90k) The remaining .5 WBTC in the wallet will be held to sell at a price closer to $100k/WBTC assuming we hit that price target this cycle. Remaining WBTC in Executor Contract= 2.23 WBTC

Execution Plan: The execution of this proposal relies on following the Budget and Fund Utilization steps above. Responsibility of executing this proposal will fall on the core team of FrankenDAO.

What areas of the community does this touch?

FrankenDAO, General

Proposed transactions

Transaction #1 FrankenDAO sends 2.5 $WBTC to 0xb96B3d15FAA72b96f645f8E11732A4cC0E2592cA