All Good Things Must Come to an End

We've had a great run. Here's some numbers:

Project Runtime: 530 days Revenue Distributed: ~$500k USD Peak Treasury Value: $1.8m USD Final Treasury Closeout: ~$230k USD

We survived the crash of Luna and UST, we weathered the governance exploit of BeanFarms, and we escaped the near full destruction of the Harmony Bridge Exploit. Finding our home on Arbitrum, we never got the chance to implement our greatest invention: veRVRS! But we did pioneer the concept of #RealYield through our amazingly successful revenue share program.

All-in-All I consider the experiment to be a resounding success. We were cutting edge, and we paved our own way through the jungle. We might not have gotten where we all thought we were heading, but we definitely learned a lot!

In the spirit of this, the community for Reverse will live on! The Discord will stay open, and we will rebrand it to a discussion group only. We encourage all members to stay involved and maintain the friendships that made up the foundation of our progressive DAO!

Closing it all Out

There are some final housekeeping items that we need to address:

Contributor Compensation

Based on contributions from the past, we've arrived at the following payouts to conclude our contribution rewards, all paid in USD prior to the cashout:

Trigs - $350 Cman - $350 Squid - $200 Shahti - $200 Th3ou - $200 Avi - $200

It's a small token of gratitude for all the hard work put in by so many. Unfortunately many of the past contributors have moved on and are no longer active to claim any compensation, so this list is inclusive of those still active and engaged in the project.

Cosmos Assets:

The Cosmos Assets are all stuck unbonding for the next month. We have roughly valuated them at around $4k USD. Trigs is volunteering to burn an equivalent amount of RVRS to acquire ownership of these wallets, as they are on a ledger he controls anyway. There is risk with this, as the value may go up or down in the coming month before they can be sold or invested. It's a relatively small amount, so the purpose here is just to speed up and simplify things with a reasonable risk/reward for everyone involved.

The Cashout

Once the payouts from above are complete, and the Leftover Club vote is resolved, the final price exchange for RVRS will be set. The claim contract we already have will be refilled with all the USDC from the treasury and investors will be able to turn in their RVRS for a set exchange rate to receive USDC back.

Reversoors will have 3 months to complete this claim once it is posted. After 3 months, the claim will be closed and all remaining funds will be reclaimed. Depending on the amount reclaimed, there will be two possible directions:

Less than $10k USD remaining will be distributed to the above contributors following the ratios listed as a bonus for all their hard work and to simplify closing things out as quickly and fairly as possible.

Greater than $10k USD we will have another community discussion and propose a vote if needed for how to handle the funds.

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This is a simple pass/fail vote.

If you vote approve, you agree with how we are handling all of the above items.

If you vote deny, please be ready to discuss in discord what specifically you are opposed to so that we can resolve this matter efficiently and get the next vote approved.