Wind Down SquidDAO

Step 1: Remove the LP ASAP from Sushi Swap Step 2: Liquidate all positions in the DAO for ETH (Including BAYC). Anyone who would like to OTC certain positions can step forward from the team. This will include burning the Squid token from the LP and in the treasury Step 3: ETH will be distributed as follows:

1. Establish a claim function for the ETH where you deposit your Squid to get you share of the ETH. *Here is the breakdown of the ETH Distribution After closing all positions and gathering ETH from the LP we should have around 11,806 ETH. There are 312 Squid, but ~47.79 SQUID will be burned from the LP and another ~1.61 Squid will be burned from treasury.

Starting at NFT sale number 46 no SQUID was given on auction. In an attempt to not completely screw NFT holders 50% of sales will be distributed from auctions 47-129. Any secondary market sales, even if they were OG Squid that included $SQUID will get a 10% of sale distribution.

Secondary sales did not contribute to the treasury, so they cannot be accounted for the same way, but feel it fair to give something since they have may have come to know SQUID by buying an NFT secondary.

We have gone through all secondary market transactions and all auction sales.

1. A total of 617.5 ETH will be used for NFT recouping. It will be weighted based on the amount you paid for the NFT. So if you paid 10 ETH you will get 5 ETH back.
2. Secondary Sales will have 30.1 ETH allocated for recouping.
3. 673 OHM will be used for the OHM auction NFTs for recouping.

All NFT's will be required to be deposited into a wallet/contract. You cannot keep the NFT if you recoup the losses.

After taking that into account there will be ~265 SQUID with rights to the treasury.

With all the above factored in 1 Squid will get ~42.15 ETH on the claim.

SOME NOTES FOR REFERENCE:

1. The intent is to form a new investment DAO where there is no token, but the core team and keep farming and building strategies. More to come after this all closes out.
2. The nouns fork will continue independent and team will form around a new project that is just doing NFT auctions. This project will likely be the one that holds the NFT's sent in for recouping ETH.

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