Background

Following the approval and execution of TFIP-34 – Foundation Update: Wallet Recovery and Treasury Consolidation, the Foundation successfully consolidated DAO-controlled assets under a unified operational structure.

Separately, under TFIP-37 – Authorization of TrueFi Rebrand and Treasury Recapitalization, the DAO approved the strategic direction for TrueFi’s rebranding and broader treasury recapitalization initiative.

As part of the ongoing financial review, the Foundation has identified 11,161,781.96 TRU currently held in the Timelock contract:

Timelock Address:
0x5Fe2F5F2Cc97887746C5cB44386A94061F35DcC4

These tokens remain idle and are not currently allocated to any active emissions program, vesting schedule, or operational obligation.

Proposal

This proposal seeks DAO authorization to:
Transfer 11,161,781.96 TRU from the Timelock contract
Reallocate these tokens under Foundation oversight: New treasury - 0xC03151bAc97F692e5b71Eb49635A624141f7477b

Utilize them as budget for the execution of:
Treasury Recapitalization efforts
Related strategic initiatives as outlined in TFIP-37

Upon approval, the transferred TRU will be managed transparently under Foundation-controlled wallets - New Treasury - 0xC03151bAc97F692e5b71Eb49635A624141f7477b, remaining fully visible and traceable on-chain.

Rationale

This extension aligns directly with the DAO-approved strategic direction under TFIP-37 and ensures that:

Previously idle TRU is activated for strategic growth
Treasury structure remains consolidated and transparent
Capital is available to execute the rebranding and ecosystem repositioning efficiently
No additional token minting or inflationary action is required

Rather than introducing new emissions or seeking external capital prematurely, this proposal optimizes existing DAO-held assets to support execution.

Governance & Execution Notes

This proposal represents an extension of TFIP-34, expanding the scope of treasury consolidation to include TRU currently held in the Timelock contract. Execution will require a binding on-chain vote through Tally. No automatic token movements occur until Tally approval and execution.

Next Governance Steps

As this proposal does not fall under simplified governance exemptions, it must follow the full governance process:

Snapshot Vote (48 hours): Options: OK to vote on Tally Not OK to vote on Tally Abstain

A minimum of 5% of staked TRU is required for quorum.

Amendment Period (72 hours): If quorum is met but “Not OK to vote on Tally” receives the majority, the proposal enters a 72-hour amendment and discussion window before moving forward.

Tally Vote: If Snapshot passes (or the amendment period concludes), the proposal proceeds to Tally for a binding on-chain vote.