Proposal to Dissolve DVF Token and Burn DAO-Held Tokens

Proposal Description: This proposal outlines the plan to dissolve the DVF token and burn all tokens held by the DAO.

Liquidity Labs, the original issuer of DVF, and the developer of rhino.fi are proposing a purchase price 50% above the market value for all token holders. Holders can claim USDT at a rate of 1 DVF = 0.70 USDT via the rhino.fi app, between 9th August 2024 and 9th October 2024.

The claim page is powered by the following smart-contract https://etherscan.io/address/0x73699b0c5542472b927dd779f2a1085ac9bd2704 which also burns all DVF that it receives. Liquidity Labs have funded the initial smart-contract with 500k USDT to ensure there are sufficient funds for all DVF holders to claim at 0.70 USDT, until the DAO transfers additional USDT. Liquidity Labs also intends to continue to top up this contract with additional USDT if necessary so that all DVF holders can claim.

The steps for dissolving DVF & DAO held tokens are as follows:

1. Burn all DVF held by the DAO: This includes all undistributed tokens currently under the control of the DVF DAO.
2. Convert ETH and SUSHI Holdings to USDT: All ETH held by the DAO will be converted into USDT. [N.B. This step will be done via a separate proposal]
3. Transfer USDT to Exchange Contract: The USDT will then be transferred to the contract that offers to buy DVF at $0.70 per token from holders.
4. Burn Purchased DVF Tokens: All DVF tokens bought through this exchange contract will be burned.

Transactions Attached To This Proposal

1. Transfer 424487.517419 USDT controlled by this DAO to the claim contract (https://etherscan.io/address/0x73699b0c5542472b927dd779f2a1085ac9bd2704)
2. Burn all 45287397.625993764198088769 remaining DVF held by the DAO

Proposal Submission: The proposal will be available for review and voting for the next 7 days. Your participation and support are crucial to the success of this initiative.

Call to Action: We urge all DAO members to review the full proposal and cast your vote. Your support is essential as we transition to this new phase and continue to build a stronger future for rhino.fi.