Background

Following the approval and execution of TFIP-34 – Foundation Update: Wallet Recovery and Treasury Consolidation, the Foundation consolidated DAO-controlled assets under a unified operational structure.

Separately, under TFIP-37 – Authorization of TrueFi Rebrand and Treasury Recapitalization, the DAO approved the strategic direction for TrueFi’s rebranding and broader treasury recapitalization initiative.

TFIP-40 was introduced as an extension to authorize the allocation of assets held in a “timelock/public treasury” address to support execution of TFIP-37.

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Correction Notice (Form, not Substance)

During the preparation of the on-chain Tally execution, we identified a parameter error in TFIP-40:

• TFIP-40 referenced the Timelock smart contract address: 0x5Fe2F5F2Cc97887746C5cB44386A94061F35DcC4
• However, the intended target for this action is the Public Treasury Timelock wallet: 0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07

Because these are different addresses, the asset inventory is also different. This update is therefore a correction of form (address + assets), not of purpose: the DAO intent remains to allocate relevant public-treasury assets to support the execution of TFIP-37.

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Updated Assets (Public Treasury Timelock)

The balances held at 0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07 intended to be allocated under this revised proposal are:

• 6,151.0529 USDC
• 435,344.2321 TRU

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Proposal

This proposal seeks DAO authorization to:

1. Recognize 0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07 as the correct Public Treasury Timelock address referenced in the proposal.
2. Allocate the assets held in this wallet (6,151.0529 USDC and 435,344.2321 TRU) to support the execution of TrueFi Rebranding and Treasury Recapitalization, as outlined in TFIP-37.
3. Transfer these assets to the Foundation-managed operational multisignature wallet: New Treasury - 0xC03151bAc97F692e5b71Eb49635A624141f7477b
4. Ensure the assets remain fully visible and traceable on-chain, consistent with the treasury consolidation principles established under TFIP-34.

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Rationale

This action aligns directly with the DAO-approved strategic direction under TFIP-37 and enables execution using existing DAO-owned resources, without requiring new minting, inflationary actions, or premature external fundraising.

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Additional Context

The Foundation continues to work through legacy infrastructure and historical treasury arrangements. As part of that work, we will occasionally encounter discrepancies between historical labeling/assumptions and the on-chain reality. In this case, the goal remains unchanged, but the exact address and asset inventory required correction prior to any binding on-chain execution.

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Next Governance Steps

As this proposal does not fall under simplified governance exemptions, it must follow the full governance process:

Tally Vote: If Snapshot passes (or the amendment period concludes), the proposal proceeds to Tally for a binding on-chain vote.