Reversooors!

We have arrived at the 6 month mark from our transition to Arbitrum. Hard to believe it's been that long, but also feels like a lifetime ago!

Today we have another decision to make:

Where do we go from here?

We've discussed many different options over the past 6 months. Pursued many paths! It's time to decide if we turn this thing on, turn it off, or turn it over! This will serve as another signaling vote to help guide where we invest time preparing a plan. As you read through these options, think about which ones you want to see what a plan would look like. These options all incur a cost, however! So only vote towards one if you are willing to pay for it (with the treasury).

Turning it on

This means turning on compensation and starting to spend RVRS and some treasury funds to pay contributors to step up as leaders and take charge of making something happen. Trigs is willing to build a DAO, much like Kleomedes' structure, if he can pay people to get the right kind of help.

This option will start a clock and we will have to start making revenue ASAP to cover the cost of payroll, but it's the only way to have a functioning project. If we wanted to consider this path, we would have to spend at least a few weeks or a month preparing a plan and budget. This time and effort would be compensated for all leadership involved in drafting the plan.

Turning it off

This option is exactly what it sounds like: sell the treasury and cash it out.

There are a lot of details to go through on the specifics, but essentially all assets would be sold at market value and a final cashout would be posted for all RVRS holders.

To be clear, we will host a cash-out no matter what. So voting for the other options doesn't avoid a cashout, it just means we might not liquidate everything. Depending on how many people vote to cash-out, we may have stablecoins to cover it already.

But if the vast majority choose to cash out, then we will likely have to liquidate too much to cover it to really consider keeping anything going. In that case, we will just follow the majority and cash everything out. That doesn't mean those that want to stay involved in our community can't stay, we just won't have a treasury anymore.

Turn it over

This option is about merging the project with Kleomedes, or another project if there's a better option. This would require a significant amount of time drafting a proposal, and it would have to clear both RVRS and Kleo communities governance. It's a really interesting concept, and something worth looking in to, if people are inclined. But, again, it'll take a month or so to draft up and will incur some kind of reasonable commission for those developing the proposal, should it pass.

If this option doesn't pass, that doesn't mean Kleomedes might not be interested in doing a special bonding event to onboard RVRS holders on an individual basis. No guarantee, but just pointing out that even if we don't merge projects, there will be opportunities to plug into Kleomedes to continue the DAO journey with Trigs, Cman, and Avi!

How to Vote

This is a weighted vote, which means you can assign however much of your RVRS as you want to each option. This will indicate how much you're planning to cash out, and how much you'd be willing to leave to invest in the other option.

You can type in any number, so the two easiest strategies are:

1. Use a scale of 10 or 100 to rate each option a percentage. So, for example, ranking Turn it On a 7 and Turn it off a 3 means 70% On and 30% Off.

2. Use your actual vote weight as the total. So if you have 10k RVRS, assigning 7000 to On and 3000 to Off would be the same as above.