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The Great WaveThe Great Waveby0xE79E577676Ce3f4a4df6a4483A589d28a7e637800xE79E…3780

Dissolution of The Great Wave DAO and Distribution of Assets

Voting ended about 1 year agoSucceeded

There has been a vote to discontinue the DAO: https://vote.thegreatwave.io/#/proposal/0x21e1df1ce8025dc4c35652ed70a96692a5adaccfdb1faed893db90dbb39332ca

Axe of ACryptoS has run some calculations to distribute the assets by: https://docs.google.com/spreadsheets/d/1yVshrTCVLWn1uoBl4TGTOgmemO1aPQVUtXiMkKL98Sw/edit?usp=sharing

Most of the treasury assets are in BNB, but as there is a substantial amount in ACS, we propose depositing both ACS and BNB into the ACS/BNB ACLM Vault (https://app.acryptos.com/aclm/56/0x013578e12Ada4aaB4a3253260460640C8620e01d/). As this is an AMM liquidity pool, the proportion of ACS and BNB to be withdrawn will change depending on their relative prices.

We will then distribute this vault token to TGW and WAV holders according to the shared calculations, where they will be able to withdraw in ACS and BNB as well.

Discussion: https://telegram.me/thegreatwavedao/2521 https://telegram.me/thegreatwavedao/

Off-Chain Vote

Yes
18.15K TGW100%
No
0 TGW0%
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Discussion

The Great WaveDissolution of The Great Wave DAO and Distribution of Assets

Timeline

Nov 11, 2024Proposal created
Nov 11, 2024Proposal vote started
Dec 01, 2024Proposal vote ended
Dec 01, 2024Proposal updated