0x5d545de6…8fb7sent to0x585cca06…23c9·#24,582,953·view on Etherscan
# [TFIP-40] Timelock TRU allocation for rebranding and treasury recapitalization
## Background
Following the approval and execution of **TFIP-34 – Foundation Update: Wallet Recovery and Treasury Consolidation**, the Foundation 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.
TFIP-40 was introduced as an extension to authorize the allocation of assets held in a “timelock/public treasury” address to support execution of TFIP-37.
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## Correction Notice (Form, not Substance)
During the preparation of the on-chain **Tally** execution, we identified a **parameter error** in TFIP-40:
* TFIP-40 referenced the **Timelock smart contract** address:
`0x5Fe2F5F2Cc97887746C5cB44386A94061F35DcC4`
* However, the intended target for this action is the **Public Treasury Timelock wallet**:
`0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07`
Because these are **different addresses**, the asset inventory is also different. This update is therefore a **correction of form (address + assets)**, not of purpose: the DAO intent remains to allocate relevant public-treasury assets to support the execution of TFIP-37.
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## Updated Assets (Public Treasury Timelock)
The balances held at `0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07` intended to be allocated under this revised proposal are:
* **6,151.0529 USDC**
* **435,344.2321 TRU**
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## Proposal
This proposal seeks DAO authorization to:
1. Recognize `0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07` as the **correct Public Treasury Timelock address** referenced in the proposal.
2. Allocate the assets held in this wallet (**6,151.0529 USDC and 435,344.2321 TRU**) to support the execution of **TrueFi Rebranding and Treasury Recapitalization**, as outlined in **TFIP-37**.
3. Transfer these assets to the Foundation-managed operational multisignature wallet: **New Treasury -** `0xC03151bAc97F692e5b71Eb49635A624141f7477b`
4. Ensure the assets remain **fully visible and traceable on-chain**, consistent with the treasury consolidation principles established under **TFIP-34**.
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## Rationale
This action aligns directly with the DAO-approved strategic direction under **TFIP-37** and enables execution using **existing DAO-owned resources**, without requiring new minting, inflationary actions, or premature external fundraising.
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## Additional Context
The Foundation continues to work through legacy infrastructure and historical treasury arrangements. As part of that work, we will occasionally encounter discrepancies between historical labeling/assumptions and the on-chain reality. In this case, the goal remains unchanged, but the exact address and asset inventory required correction prior to any binding on-chain execution.
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## Next Governance Steps
As this proposal does not fall under simplified governance exemptions, it must follow the full governance process:
**Tally Vote:**
If Snapshot passes (or the amendment period concludes), the proposal proceeds to Tally for a binding on-chain vote.