Gelato

Proposal to vote on whether G-UNI should be spinning out of Gelato into its own separate DAO called Arrakis.

See this forum post for a general outline about this proposal:

https://forum.gelato.network/t/release-g-uni-as-separate-dao-from-gelato-rebrand-it-as-arrakis-finance/364

There are 2 options that can be voted on if you are in favour of releasing G-UNI. They differ in how the token distribution is formalized.

See this forum post for a comparison between the two “yes” options, Option 1 & Option 2:

https://forum.gelato.network/t/important-options-for-upcoming-g-uni-spinoff-vote/421

TLDR:

Option 1:

50% Future LPs, 22.5% Arrakis Team / Investors, 13.8% vesting GEL holders, 1.2% Liquid GEL holders, 5% Arrakis Community Fund, 5% Project Airdrop, 2.5% User Airdrop

Option 2:

50% Future LPs, 22% Arrakis Team / Investors, 13% vesting GEL holders, 3% Liquid GEL holders, 4.5% Arrakis Community Fund, 5% Project Airdrop, 2.5% User Airdrop

Note:

If the cumulative “yes” votes exceed the total “no” votes, even though “no” votes have a higher percentage of the votes that each “yes” option respectively, the outcome of this vote is still counted as “yes” and there will be a follow up vote which will decide whether Option #1 or Option #2 will be chosen.

If one of the “yes” options wins, the Gelato Core Team will transfer ownership over the G-UNI contracts to the Arrakis Team which will continue with the operations of the system and will build its own community around the project.