YIP-201 The Great Yamdemption Revised by Feddas

YIP-201 The Great Yamdemption Revised by Feddas

Basic Summary This is an alternate proposal from the 1tx's proposal to redeem the treasury

There has been some impropriety by 1tx, where he's been offering to pay YAM token holders to vote for donating to his charity (Watoto) with un-redeemed treasury assets.

I, Feddas, have and will fight to try to create a self-sustaining long term Yam DAO, see YIP-200 but I do understand that people want to redeem their YAM tokens for the Treasury.

I am proposing the same thing without donating any un-redeemed treasury assets. Any token holders at the end of the redemption period can choose to do what they want to with the treasury assets.

Motivation - Why am I proposing it?

1. Un-redeemed treasury funds are not anyone's to give away, they belong to the YAM token holder. They should do with it what they please.
2. Anyone choosing to redeem has exited and given up their governance rights, they cannot decide for the others.

Specifications

1. Vote for all of the options you would like to see happen. The highest voted choice will be the decision.
2. If we decide to redeem the treasury, We will need to hire a smart contract dev to fork / edit / deploy a similar smart contract contract used by Lobis to redeem the treasury. Any associated costs will be voted on. Open invitation for anyone to take over this responsibility, but as the proposer, it will default to me. I would like to be ready to deploy within 30 days.
3. I've included multiple lengths of redemption, please vote for all that is acceptable to you. The longer it is the longer it will take to resume Yam operations. In order to maintain Yam services like hosting / discord / forums allocate $500 per month during redemption to operations multisig.
4. Before redemption any owed compensation, owed dues and approved silos must be paid out in its entirity to leave no liabilities. Full disclosure, this includes the remaining milestones for my silo (unable to complete due to redemption) Silo-02: Yam Treasury Management and Maintenance Framework Silo which is part of YIP-114 and YIP-200. If the community wants me to rework YIP 114 and YIP 200 with the new treasury I will do so.