Liquidate the DAO

Summary: This proposal recommends liquidating all assets held in the Wizards DAO treasury and distributing the proceeds equally among all wizard holders. Unclaimed distributions after a 120-day window will revert to the treasury for a new 120-day claim period.

Details:

Liquidation of DAO Assets:

All assets in the DAO treasury will be liquidated into a single currency (ETH) to simplify the distribution process.

Equal Distribution:

The total ETH proceeds will be divided equally among all wizard NFT holders.

Each wizard NFT will be entitled to an equal share.

Claim Period:

A 120-day window will be established for holders to claim their share.

After the 120-day period, any unclaimed ETH will revert to the treasury.

A new 120-day claim period will then begin for the unclaimed balance.

Rationale:

The proposed liquidation provides a fair and transparent exit path for all holders.

Equal distribution ensures alignment with the DAO's community-centric principles.

A phased claim period respects both active and inactive holders.

Next Steps:

Discuss and vote on this proposal.

If approved, appoint a team or service provider to oversee liquidation and distribution logistics.

Voting:

Yes: Proceed with liquidation and distribution plan as outlined.

No: Retain current treasury structure.

Abstain: Abstain