chuygarcia.eth

# [CANCELED] Shutdown of the Obol Association

Abstract
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This proposal instructs the Obol Association to **liquidate 20 million un-claimed OBOL tokens** (≈ 4 % of total supply) on the open market at the prevailing spot price and to use the realised proceeds to pay all costs associated with **shutting down the Obol Token House and related governance infrastructure**. The validator-technology stack ("Obol DVs") and the core engineering team would continue operating on a fee-for-service model, funded by commissions from node operators, without a native token incentive layer.

Motivation
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**Governance fatigue / unmet expectations** Obol Association has seen low turnout and slow delivery on key road-map items. Winding down releases contributors from procedural overhead and makes expectations clear.

**Investor dissatisfaction** OBOL trades ≈ 80 % below its May-2025 ATH; sentiment is negative. **Operational cost overhang** Running delegation UI, analytics, security audits, delegate stipends, etc.

**Viable fee model exists** Obol DVs can charge operators per-validator fees. Technology and team survive without token economics.

Specifications
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### 1\. Token tranche to be sold

-   **Amount:** 20,000,000 OBOL (un-claimed airdrop allocation currently held by Association Treasury).
-   **Transfer status:** Already ERC-20 transferable---no contract changes required.

### 2\. Sale mechanism

-   **TWAP Market-Order Programme*** Execute **time-weighted-average-price (TWAP)** orders of ≤ 1 % of average daily volume every 15 minutes across CEXs and DEXs for **30 consecutive trading days**.
    -   Use an external market-maker to minimise slippage; target effective sale price within **-5 %** of prevailing index.

-   **Fallback OTC Block*** If 50 % of the tranche remains after 30 days, authorise OTC blocks with pre-funded counterparties at ≤ 2 % discount to seven-day VWAP.
-   **Reporting*** Publish daily fills (tx-hashes / trade‐IDs) to a public Dune or Google-sheet dashboard.

### **3.Use-of-funds (wind-down budget)**

Legal & compliance 350k Dissolve Association entities, tax filings

Security & data retention 120k 12-month archive of infra / audits

Contributor off-boarding 280k Final payroll, severance, invoice settlement

User communication & PR 80k Press releases, help-desk, site banners

Market-maker & execution 130k Per §2

Conclusion
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Selling the dormant airdrop allocation provides a clear, transparent funding source to **close the Obol Association responsibly**, honour outstanding obligations, and let the Obol DV technology stand on its own commercial merits. Delegates are invited to review the plan, suggest amendments, and---if in agreement---vote **YES** to authorise the wind-down.

# [CANCELED] Redistribute Unclaimed Airdrop to $OBOL Stakers

🎯 Summary

This proposal suggests that approximately 20 million unclaimed airdrop tokens be redistributed to users who are actively staking $OBOL tokens, rather than remaining idle or being burned. The goal is to increase staking participation, reward long-term commitment, and strengthen the health and decentralization of the OBOL ecosystem.

🧾 Context

During the initial airdrop event, a portion of tokens was allocated to eligible users. However, despite multiple reminders, a significant amount---estimated at 20 million tokens---remains unclaimed after the deadline.

Instead of letting these tokens remain unused, this proposal aims to repurpose them in a way that directly benefits the OBOL ecosystem and its most committed participants.

✅ Proposal Details

Redistribution Target: All unclaimed airdrop tokens (approx. 20,000,000 OBOL，based on the actual amount remaining at the time of execution)

Eligibility: Wallets that are staking $OBOL at the time of the snapshot

Distribution Method: Proportional to the amount of $OBOL staked by each user

Snapshot Date: 12th-May-2025 8:00 UTC

Distribution Date: 15th-May-2025 8:00 UTC

📌 Rationale

1\. Incentivize Staking

Increasing staking participation supports network security, decentralization, and governance engagement. Redistributing unclaimed tokens to stakers directly aligns with these goals.

2\. Reward Commitment

Stakers are long-term supporters who lock up their tokens for the good of the network. This proposal recognizes and rewards that commitment.

3\. Avoid Waste of Resources

Letting millions of tokens sit idle or be forgotten weakens tokenomics. Redirecting them to active participants ensures the ecosystem continues to grow.

4\. Simple and Fair

The distribution formula is transparent and fair: users receive a share of the pool proportional to the amount they have staked.

⚠️ Considerations

Only wallets with active stakes at the snapshot time will be eligible.

The redistributed tokens may be subject to the same lock-up or vesting rules as other staking rewards (if applicable).

This is a one-time redistribution based on a past unclaimed airdrop event.

🙌 Community Impact

By approving this proposal, we can:

Boost OBOL staking participation;

Increase alignment among long-term holders;

Strengthen token utility and fairness;

Re-engage the community in the ecosystem's growth.

Let's ensure that unused resources go to those helping move the project forward. If you support this idea, please vote in favor and help bring it to life.