Exit Forward Plan

This vote will determine if there is community consensus on the path forward for RVRS.

Please review the Medium Post for a more detailed explanation of this vote.

A For vote indicates support of the following actions being taken by the protocol leadership:

• A transition plan will be designed to migrate from the previous Core Team Org Structure to a community controlled Council of Representatives.
• Launch new token on Arbitrum and mint tokens to claimdrop for all previous holders 1:1 per snapshot taken.
• Claimdrop will be available for 6months before remaining RVRS are burnt.
• There will be no emissions for RVRS for the time being.
• A “RVRS Bond” contract is deployed with USDC for any RVRS token holder to choose to exit the protocol at a rate determined by treasury value less the cost of building the exit contracts & UI.
• RVRS Bond funding will be controlled by governance consensus moving forward, providing occasional opportunities for token holders to exit at set prices.
• Regular Bond funding to bring capital into the treasury will be equally controlled by governance.
• There will be no protocol sponsored liquidity for the RVRS token to be traded on the open market.
• The Discord will transition to token-gating for all governance and investment discussion forums.

An Against vote indicates you do not support the proposed plan and you wish to go back to the drawing board. Please engage in discord with the community to express what changes you deem necessary to make the plan successful.

An Abstain Vote indicates you do not have a preference, but you wish to contribute to the quorum.