RWOK CAPITAL DAOby
legendarylibrary.eth
Disperse treasury assets to holders
gmgm,
This prop is a vote to distribute RWOK treasury assets to holders early.
We used our remaining eth the backstop token and nft price during the selloff which exhausted the remaining eth in treasury. Continued operation would require selling assets to backstop RWOK assets which is counterproductive to our mission, and does not optimize return for holders.
Our holdings have performed well in the very recent time period and by distributing now, remaining holders will likely receive more than they contributed in the form of NFTs, erc-20s, or eth. Many large holders have already agreed to take nfts at fair value to reduce the need to sell nfts. The main priority will be distributing based on nft bid value.
Holders that do not hold enough for an NFT distribution will receive ETH, CULT, or MOG pro rata.
NFTs will only be sold if large holders are unable to completely take on the higher value collections.
This does not mark the end for the RWOK community, rather a show of appreciation for those who stuck around with us and are awaiting the asset distribution. Hopefully a successful payout can instill further confidence in RWOK, DAOs, and overall builders in a time where few are genuine.
I also encourage everyone to look deeper into remilia, and hope some will take this onboarding experience as an opportunity to do so.
The fair value of the treasury will be calculated before final distribution pending the passing of this vote. The dao owned liquidity will also be pulled for distribution pending vote. You must hold your tokens to receive payout. The distribution is a process and will likely take multiple days. Please claim rewards and unstake tokens from daos website if havent done so.
Off-Chain Vote
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- Author
legendarylibrary.eth
- IPFS#bafkreif
- Voting Systembasic
- Start DateMay 12, 2025
- End DateMay 13, 2025
- Total Votes Cast162.22M VP
- Total Voters13
Timeline
- May 12, 2025Proposal created
- May 12, 2025Proposal vote started
- May 13, 2025Proposal vote ended
- May 13, 2025Proposal updated