TrueFi

Introduction

We are maintaining the core TrueFi operations, as we move into the next stage of TrueFi’s development, the Board of Directors will be collaborating more closely with our service providers to scale both current and future TrueFi offerings.

Increased Workload and Board Member Replacement

With the transition demanding more time and effort from the Directors than initially anticipated, we are in the process of looking for someone to replace the resigned Board member and have discussed increased support from service providers.

Transparency in Board Activities and Compensation

In the spirit of transparency, we have outlined the total hours worked by the Board over the past 7 months, on top of the regular 4 hours per week. This can be found here: https://forum.truefi.io/t/truefi-board-of-directors-update-and-compensation/1820

Duration

• Period: January 2024 to July 2024

Compensation

• Source: DAO Treasury
• Preferred Currency: TRU tokens

ETH Addresses

• Joseph Appolos: 0x79aB78Fe4b4B166da1B868527E587bc9b8B6A3AE
• Emmanuel Boamah: 0xc2069e336596adbef917d8af715610f221d848db

Given the price volatility, the current TRU price ($0.08436 - source) with a 25% buffer will be provided to calculate TRU amounts.

1000 additional TRU will be minted to account for the Tally transfer fee.

This proposal:

• Mints 1,072,715 TRU TRU
• Transfers 228025 TRU to Ferengi to 0x25022f216b97641d396e6efe68ba45f80ad7a56b
• Transfers 644169 TRU to vandynathan to 0xb381FF1f6796528bf6237319De47eEc600c88F0A
• Transfers 199522 TRU to Masahide to 0x44b14569D3e25260d6D40C54Eb33997698912754