Proposal 5: VOTE 1 - Minting + KPI Criteria

Should the DAO mint VOLunTier2 KPI options according to the following parameters? YES or NO

Range = 0-100; same as VOLunTier1 Expiration Time = June 6, 2022 Initial DAO tokens to mint (DAO can mint more at any time) - 500,000 VOL = 5,000 VOLunTier2 KPIs

KPI description VOL value range Pass a PIP to create and elect Methodology Committee (a group that vets and creates PIPs for indices). 10 VOL Pass a PIP to implement a tip bot and the parameters for earning tips or additional tier2 tokens. 5 VOL Twitter followers >1000 10 VOL Active Discord users > 500 10 VOL Pass a PIP to elect DAO members to help run the DAO Github as well as create and manage a GitBook 5 VOL Build products on top of DAOracle indices 10 VOL per product up to 30 VOL Identify and create a new partnership within the Defi space. 15 VOL Pass 15 PIPs (May include those passed for other KPIs) 1-5 = 5 VOL; 6-10 = 10 VOL; 11-15 = 15 VOL The following may not need to be included for snapshot Rollover Mechanism

Token holders may roll their VOLunTier1 tokens into new VOLunTier2 tokens at an exchange rate of: 1 VOLunTier1 = 10 VOLunTier2

Users have until Feb 15th 12:00 UTC to send Tier1 into DAO Treasury. By Feb 20th 12:00 UTC the DAO will batch send VOLunTier2 Options to all those that sent into the treasury.

Option holders who miss this deadline or choose not to rollover may also choose to redeem VOLunTier1 tokens for their redemption value on UMAs UI: https://umaverse.vercel.app/0x7F7fa3678170208f197E0AD14894Df0BA2A6090d

VOTING CHOICE LABELS AND DEFINITIONS

YES- The above will be implemented.

NO - The above will not be implemented.