STP-6 | Strategic Realignment and Treasury Update

Context Since the inception of Spiral DAO, our target ecosystems have evolved significantly. In light of these changes, and after careful review of market conditions, we believe it is time for Spiral to realign its strategy, focusing on sustainability and long-term value creation in the Curve and vote incentives markets, where our expertise and network remain strongest.

Proposal Summary Spiral will transition into a sustainability phase (“Spiral 2.0”), optimizing its treasury, focusing on fewer but higher-impact assets, and preparing for future opportunities in new ecosystems. As part of this transition, the DAO will: Streamline its Treasury to hold only key strategic assets:

• CRV
• sdCRV (35% of total Treasury holdings retained)
• CVX
• Stablecoins (USDT / USDC)
• All existing Spiral DAO investments

Distribute all non-core assets to users according to their holdings at the time of the snapshot.

The following distributions and conversions will apply:

• usual, bal, aura, usd0++, sdt, cvxfxs, sdCRV (65%) → distributed proportionally
• WETH, MAV, GHO, FRAX → swapped into USDC
• AuraBAL → swapped into BAL / USDC mix

Snapshot Timing: The snapshot will take place at the launch of the smart contracts for the distribution. Smart contracts will go live within two weeks after the proposal vote concludes, if approved. The claim period will remain open for one week.

Rationale This restructuring will allow Spiral to: Concentrate resources where it has proven success: the vote incentives market. Maintain a simplified and agile treasury, reducing overhead and fragmentation. Position Spiral to engage strategically with future projects as DeFi evolves.

We view this not as a contraction, but as a strategic reformatting, a deliberate step toward long-term sustainability, operational efficiency, and readiness for the next growth phase of the ecosystem.

Next Steps

Upon approval:

• Finalize token distribution ratios.
• Deploy smart contracts.
• Announce claim interface and timeline.

Outlook Spiral 2.0 will remain active in governance and liquidity initiatives surrounding Curve, while monitoring emerging opportunities for collaboration and reinvestment. Our goal remains unchanged: to amplify DeFi ecosystems and deliver sustainable value to the Spiral community.