0x64c4bffb…9c5dsent to0xd78cd3aa…9afb·#15,418,702·view on Etherscan
TIP-122: End Rari team vesting and consolidate Tribal Council assets
This proposal ends the vesting of the Rari Infrastructure team by clawing back their Fei and Tribe timelocks. It also consolidates the assets present on the Tribal Council timelock.
End of Rari Team Vesting
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The Rari Infrastructure team has two timelocks in which funds are vesting. There is a FEI vesting timelock (https://etherscan.io/address/0x5d39721BA1c734b395C2CAdbdeeC178F688F6ec9) and a TRIBE vesting timelock (https://etherscan.io/address/0x20bC8FE104fadED2D0aD9634D745f1488f9991eF). There is ~2.8M FEI and ~2.8M TRIBE available to be clawed back from these timelocks.
The funds will be returned to the Tribal Council timelock. An approval is granted to the DAO timelock to later allow the DAO to move the recovered FEI and TRIBE.
Asset consolidation
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The Tribal Council timelock has various assets which are being consolidated and moved off the timelock:
~43M FEI is being burned
~1.1M LQTY is being sent to the DAO timelock
~15.3M FOX is being sent to the DAO timelock
~16k IDLE is being sent to the Tribal Council Safe, where it will then be sold
The optimistic governance process used by the Tribe DAO and the role of the NopeDAO is documented here: https://docs.tribedao.xyz/docs/Governance/Overview