Foundation Update: Wallet Recovery and Treasury Consolidation

As mentioned in the Q3 DAO report, part of the Foundation’s ongoing cleanup initiatives has involved an analysis of legacy TrueFi wallets and smart contracts. We have concluded reviewing historical DAO wallets to ensure that all on-chain assets are properly accounted for and managed under Foundation oversight.

During this process, several legacy wallets were identified and handed over to the Foundation. After verifying ownership and confirming that the balances were idle and not linked to any active operations or obligations, we plan to claim these assets to fund ongoing Foundation activities and support DAO operations.

Please review the forum discussion for the full list overview

The total of these balances will be transferred into Foundation-managed wallets for operational use, where they will remain fully visible and traceable on-chain. All transfers will go to the existing multi-signature wallet already used for Foundation operations, known as: New Treasury — 0xC03151bAc97F692e5b71Eb49635A624141f7477b

This initiative aligns with our broader goals of: Streamlining wallet management and improving transparency Consolidating DAO-controlled assets to simplify treasury operations Supporting continued development and ecosystem growth as we approach Elara’s launch

Next Governance Steps

1. Snapshot Vote: A 48-hour Snapshot vote will be conducted with the options: “OK to vote on Tally,” “Not OK to vote on Tally,” and “Abstain.” At least 5% of staked TRU must participate in this Snapshot vote to meet the quorum.
2. Amendment Period: If the 5% quorum is met, with a majority negative vote, a 72-hour period will follow to allow for any amendments or discussions before the proposal is posted to Tally.
3. Tally Vote: Otherwise, the proposal will be posted to Tally for the final vote.