memoscan

0x5f37…5e8d

All memos sent from and to 0x5f37…5e8d.
0x5f37d9a2…5e8dsent to0x6552c8fb…ada1·#20,317,988·0xd8094932…47b9f7
# RRC-27 Proposal: Repurposing Legacy Wallet ## Abstract This proposal outlines the plan to reclaim unclaimed tokens from the legacy [wallet](https://etherscan.io/address/0xfdff6b56cce39482032b27140252ff4f16432785) and diversify the recovered funds for the growth and sustainability of the RARI ecosystem. A portion of the funds will be repurposed to fuel ecosystem growth activities, while a reserve will be maintained for future claims. ## Rationale The purpose of this proposal is to optimize the DAO’s financial resources and deploy a new ecosystem growth fund with focus on the RARI chain, in contrast to the fund already deployed for the Rarible Protocol (see [RRC12](https://www.tally.xyz/gov/rari-foundation/proposal/91231757847957673254856060029773188347075977034191281481043953471129775685253)). By reclaiming tokens and reallocating them to ecosystem fund activities, we aim to enhance the sustainability and growth of the DAO, through expansion of the RARI chain ecosystem across DeFi, Infrastructure, GameFi, SocialFi and other important sectors. Finally, the repurposing of funds will increase available capital to invest in high-impact strategic partnerships, such as grants to researchers, developers, strategic partners and others with the aim of increasing activity primarily on the RARI chain and elevating visibility of the utility and governance of RARI token. ## Motivation The motivation behind this proposal aligns with the core values of the RARI DAO community, emphasizing transparency, democratic decision-making, and prudent financial stewardship. Repurposing unclaimed tokens and diversifying the recovered funds into strategic investments ensures a robust foundation for future growth, while also safeguarding against market volatility and unforeseen circumstances. The RARI Foundation shall administer and manage these funds as part of the RARI Ecosystem Growth Fund. ## Key Terms * Legacy Wallet: Refers to the wallet containing unclaimed tokens from past airdrops. * Address: 0xFDfF6b56CcE39482032b27140252FF4F16432785 * Token Reclamation: The process of reclaiming unclaimed tokens from the legacy wallet. * Ecosystem Growth Fund: Fund dedicated to supporting strategic partnerships, loans, grants, and other initiatives aimed at fostering sustainable development within the RARI ecosystem. ## Specifications Legacy wallet (0xFDfF6b56CcE39482032b27140252FF4F16432785) contains over 1.1M unclaimed RARI tokens in airdrops and early rewards. The funds are unused but can be repurposed, pending a public announcement and a grace period for the public to claim their tokens. The remaining funds in the legacy wallet shall then be repurposed to help drive RARI ecosystem growth. It’s prudent to keep a reserve for potential future claims and distribute remainder across grants, loans, and strategic partnerships . Suggested distribution: * 25% reserved for potenital future claim * 75% reminder distributed across: * Grants (20%) * Loans (40%) * Strategic Partnerships(15%) The RARI Foundation will be asked to manage the Ecosystem Growth Fund, and to publish quarterly reports. After a period of 12 months, the RARI DAO may request unallocated funds to be returned to the DAO’s main treasury. ## Steps to Implement 1. Upon approval of this proposal, recipients of RARI airdrop or early rewards programs who haven’t claimed their $RARI will have a 30 day grace period to claim their tokens. The claim period will start on the day of the execution. Notice of this claim window will be announced on RARI’s discord, X, Farcaster, newsletter, and website. Claiming can be done on [rari.foundation/claim](https://nam12.safelinks.protection.outlook.com/?url=http%3A%2F%2Frari.foundation%2Fclaim\&data=05%7C02%7CINam%40fenwick.com%7C79faa73f121e417706fd08dc81a8ef7b%7Cc2fc0a3f969f440c8b638105357eca2a%7C0%7C0%7C638527809806277080%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C\&sdata=cWpFx%2F6SQGljr03vCX3KqF4%2F53gZZz0tDxtKvbnbj9o%3D\&reserved=0) 2. After the grace period, the full amount of the recovered Legacy treasury will be sent to the RARI Foundation’s main wallet, eth:0x2a83d2891Ef3df6967E3C2e9b69cCc7aD029736B. These funds will be distributed amongst specific ecosystem growth Multisig wallets as established under RRC 12. 3. The Ecosystem Growth Fund will be repurposed approximately in the following areas: 20% grants, 40% strategic loans, 15% strategic partnerships. The remaining 25% shall be reserved for future claims, ensuring liquidity and responsiveness to community needs. 4. RARI Foundation will publish quarterly reports on the Ecosystem Growth Fund’s activities. ## Timeline * Announce the token reclamation process, provide a 30-day window for reclaiming tokens which will initiate on the day the proposal is executed. * Provide regular progress updates to the RARI DAO community throughout the implementation phase of this proposal. * Repurpose the unclaimed funds at the 30 day mark upon execution. * Provide transparency and regular updates to the RARI DAO on how the ecosystem fund is reallocating the resources. ## Costs No costs are associated with this proposal. ## Conclusion This proposal represents a strategic opportunity for the community to optimize its financial resources and foster sustainable growth. By reclaiming idle, unclaimed tokens and reallocating them to ecosystem fund activities, this proposal will reflect the foundation’s commitment to responsible financial management, transparency, and community engagement. * Encourage the community to claim their tokens from the legacy wallet within 30 days of the proposal passing. * Allocate 75% of the remaining tokens to the Rari Ecosystem Fund managed by the Foundation. * Reserve 25% of the tokens for future claims, maintaining liquidity and responsiveness to community needs.
0x5f37d9a2…5e8dsent to0x6552c8fb…ada1·#18,821,213·0x50c44e1a…09151f
I will vote for this proposal. It seems that it might be interesting experimentation concept. However, it would be great to understand in details what will happen after the completion period and if there will be any ongoing campaigns.
0x5f37d9a2…5e8dsent to0x6552c8fb…ada1·#18,352,754·0x04acaafd…8f446e
# RRC-12: RARI Ecosystem Growth Fund # Abstract This proposal aims to establish the RARI Ecosystem Growth Fund. This Fund will drive innovative Rarible protocol’s adoption and strategic partnership to accelerate RARI ecosystem growth. This document proposes the Ecosystem Growth Fund to be administered and managed by the RARI Foundation with periodic detailed reporting to the community. # Motivation Relying on the organic growth of the RARI ecosystem does not capture its full potential. The RARI DAO needs to attract innovative projects to build with the Rarible Protocol to shape the future of new NFT use cases powered by our tech stack and strengthen our position in the NFT space. Similarly, entering strategic partnerships that will drive exposure to the RARI ecosystem is crucial to raising awareness of the RARI DAO, its mission, and the value it brings to the ecosystem. # Rationale The RARI DAO and the RARI Foundation work together to grow decentralized NFT infrastructure, power mass adoption of NFTs, and enable innovative NFT use cases. However, for the RARI Foundation to be most effective at accomplishing these goals, it requires funding with $RARI in order to support a grants program, strategic loans, and strategic partnerships. By tasking the RARI Foundation to administer and manage the Ecosystem Growth Fund, the RARI DAO will continue being the governing body and the decision-maker but will delegate the responsibility and day-to-day management to the RARI Foundation team. # Key Terms Rarible Protocol - multichain indexer and order book with SDK RARI Ecosystem - applications utilizing the Rarible Protocol $RARI - ERC 20 token, used in the RARI DAO governance # Specification The Ecosystem Growth Fund shall be composed of 3 parts: 1. Grants allocation 2. Strategic loans 3. Strategic partnerships ## Grants Allocation We propose a total of 250k RARI to fund early-stage projects that align with the mission of the RARI DAO: growing NFT ecosystem & innovative NFT use cases powered by the Rarible Protocol. The grants shall be allocated to existing projects that build with the protocol or that contribute to the protocol, not for marketing or promotional purposes. The individual grants should take the form of locked RARI that is revocable for a period of 6 months in the following tranches: 50% upon grant approval and 50% upon project delivery. This mechanic aims to ensure the grant recipients deliver their projects in full. ## Strategic Loans We propose a total of 800k RARI for strategic loans to partners who are committed to pursuing our ecosystem health and growth. The loans are to be returned in full at the end of each loan period to the Foundation (either in RARI or a stablecoin), and the loan period should not exceed 18 months. Activities of the loan recipients may include (but are not limited to) R&D, community-building initiatives, and marketing. Any loan recipient must pass the KYC process and sign a formal agreement with the RARI Foundation. ## Strategic Partnerships We propose a total of 350k RARI to encourage strategic partnerships that will contribute to our reach to new audiences and communities. These partnerships may include subsidizing strategic protocol integrations, marketing integrations (outside of smaller-scale marketing covered by the operational budget), and collaborating with partners to help foster ecosystem growth with pre-agreed, customized benchmarks of value provided to the RARI community. In total, the Ecosystem Growth Fund would amount to 1.4M RARI, and the proportions of this fund are to be respected as stated above. ### Notes: 1. The RARI Foundation will be responsible for publishing quarterly reports on the Ecosystem Growth Fund’s allocations and for involving the community in grant recipient selection by setting up a grants committee 3/4 multisig, where 2 members are appointed by the RARI Foundation and 2 by the community. This Fund will be under the RARI Foundation’s purview for a period of a minimum of 12 months, after which the community may request the return of unspent funds. 2. For projects to qualify for a grant, they must demonstrate: - Mission alignment (growing the NFT space introducing innovative use cases) - Proven track record of commitment to building (e.g sustained reputable public presence, successfully shipped past projects or features) - Qualified team capable of delivering - Willingness to KYC 3. The grant committee may choose to allocate a portion of the grant to community-proposed initiatives such as the ‘Artist Rennaisance’ or ‘Rapid loans/Listing reimbursement,’ if these become closer defined via community discussion and the community does not propose them as stand-alone initiatives # Steps to Implement The RARI Foundation shall set up a new multisig wallet (same signees as the current administrative wallet) dedicated solely to the use of the Ecosystem Growth fund. This wallet is to receive the full amount of 1.4M $RARI.