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TreasureDAO Governance Staking

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Latest Proposal

TIP-55: Amend Linear Unlock of Ecosystem FundActive

SUMMARY This proposal voids the linear unlock of the ecosystem fund and authorizes the core contributors to divest these tokens at market-neutral rates defined by TIP-17. Moreover, the circulating supply will be updated when diversification occurs. This proposal does not authorize the minting of additional tokens. RATIONALE The Treasure team’s current stablecoin runway is until August 2026. This proposal does not reflect an immediate need for continued operations. We have recovered from our early 2025 setbacks with strength and are preparing for the long-term again. This proposal is meant as a housekeeping proposal to discard the linear unlock of the ecosystem fund that was created in 2021. The original emissions schedule was created almost four years ago when MAGIC’s market cap was much smaller. We have learned many lessons during this time, especially the volatility of the MAGIC price. The linear unlock was put there to reassure the community that the contributors would not be divesting large amounts through a DEX in the early months of the project, but it makes little sense to keep this guard-rail when the token is almost entirely emitted and with major CEX listings that enable market-neutral diversification. Note: the current market maker proposals (TIP-17) establish the rate of diversification through Flowdesk. Treasure has used this program for years and successfully converted into stablecoins at a market neutral rate. On a day like today for example, where volumes were nearly $500 million, diversification would have been a drop in the bucket and had no market impact. The restrictions put in place by the original DAO proposals were useful in the early years but in retrospect, unwise to carry into later years as it meant the DAO has been unable to divest for runway during times of opportune prices and instead was held at the mercy of bear and bull cycles. IMPLEMENTATION If this proposal passes, then the core contributors will update the circulating supply after diversification occurs. Diversification reporting will be part of quarterly financials as is the status quo. No new tokens are to be minted in this proposal. This proposal only concerns existing tokens in the ecosystem fund currently earmarked by linear unlocks.

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