Inverse Finance

Tonic Finance is a competitor building a product (Swirl) in the DCA space. An opportunity was identified to acquire Tonic, its assets, and the services of its lead developer, Tony Snark, with a view to merge the tech and have Tony lead development on the Inverse Finance DCA vaults.

For the acquisition of Tonic Finance DAO and all related assets, excluding any pending grants disclosed prior to the date of this agreement: 1500 INV

• 250 INV paid up-front, at the time this proposal is passed (no vesting)
• 250 INV paid upon confirmation of Tony becoming a full-time contributor to Inverse Finance (total amount will be reserved by Inverse Deployer at the time this proposal is passed)
• 1000 INV vested over 2 years (vesting starts upon confirmation of Tony becoming a full-time contributor to Inverse Finance, total amount will be reserved by Inverse Deployer at the time this proposal is passed)
• First year vesting is non-seizable

For contributions as a developer on a full-time basis for the first 12 months from the mutually agreed start date of full-time contributions: 175 INV

• Paid in INV linearly upon confirmation of Tony becoming a full-time contributor to Inverse Finance (total amount will be reserved by Inverse Deployer at the time this proposal is passed)
• Contributions subject to verification by DAO
• Reevaluated after 12 months

Tony has already moved ownership of Tonic Finance domain name and Github repositories to Inverse before this proposal was submitted.

For full proposal text, please refer to: https://discord.com/channels/790157548845924352/794610028799721472/829031642856292472