We would like to request your consent for the following proposals, which are necessary for the successful transfer of control and management of the Revault Protocol to Quantum Economics, subject to the positive vote of the majority of DAO voters:
Proposal 1:
We suggest approving the transactions outlined in the Asset Purchase Agreement, which includes the transfer of Purchased Assets and waiving any and all rights with respect to the purchased assets, including the right and title to all of the intellectual property owned by Revault Foundation and its BVI subsidiary Revault Protocol Limited, and the founders' token amount transferred from the founders to Quantum Economics under contract, law, or otherwise.
Proposal 2:
Quantum Economics aims to address the current status quo of the Revault Protocol, where the foundation wallet lacks sufficient balance to maintain ongoing development and operating expenses. The protocol's revenue generation is unsustainable and requires fundamental changes to rectify this.
To achieve the necessary improvements, we will focus on the following objectives in order of priority:
Onboarding a CTO and developers to build additional BSC products, maintain existing products, and further develop the protocol website. Onboarding community managers and marketing and sales teams to improve communication and onboard money managers. Expanding to Ethereum and onboarding ETH vaults and products.
The estimated cost for these improvements is around $200-300k. We propose transferring 1,000,000 Reva tokens from the Treasury wallet to the Foundation wallet to incentivize and onboard key team members and developers. These tokens will be offered to the new core team and spread over a two-year period on a sliding scale. In addition to BUSD sourced from funding and grants, these tokens are required to achieve our objectives. The Foundation wallet will have three signatories, namely Matt Rich (CEO), Mati Greenspan (COO), and Vladamir Tarasenko (CTO), and will require two of the three signatories to transact.
Proposal 1 and Proposal 2 are mutually inclusive and both require approval for Quantum Economics to conclude the acquisition and move forward with Revault's business turnaround strategy.
We thank you in advance for your consideration and acceptance of the above proposals.
Kind regards,
Matt Rich CEO - Layered Cake