Reclaiming ~49 $LIL Tokens for Strategic Deployment
We currently hold a commanding ~97% of the liquidity in the Lil Nouns NFTX pool. This investment has generated ~27 $LIL tokens in interest. This proposal aims to formalize the process of claiming these tokens to bolster our treasury.
In addition, we have 22 $LIL tokens entrusted to the now-shuttered Lil Founding. Despite extensive discussions and repeated requests for signers to return these tokens to our treasury, they have not done so. I’m concerned that the same fate could befall other assets within that multi-sig, causing them to disappear into the void.
If we successfully reclaim these 22 tokens and add them to the 27 tokens from our current investment, we would have a total of ~49 $LIL tokens.
Once these tokens are securely in our treasury, we’ll have the flexibility to deploy them strategically. Possible uses include compensating contributors or redeeming them for Lil Noun tokens to further our objectives.
This move leverages our existing assets and underscores our commitment to maximizing investment value and supporting our community’s growth.
We could potentially use these to onboard new members through active Prop House rounds or Farcaster Rounds.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x6CF8...6F582e | 108 | FOR |
 0x9e0e...5257B1 | 104 | FOR |
 0x4CB8...f3E4eC | 42 | FOR |
 0xFC53...C56183 | 36 | ABSTAIN |
 0xECD0...90AaDb | 34 | FOR |
VOTE POWER
Proposal Status
- Mon May 20 2024, 12:04 amVoting Period Starts
- Wed May 22 2024, 06:16 pmEnd Voting Period
- Thu May 23 2024, 09:16 amQueue Proposal
- Sun May 26 2024, 04:22 amExecute Proposal
Current Results
1-FOR
377
2-ABSTAIN
64
3-AGAINST
N/A Tokens