---
type: source
source_type: telegram
title: "Telegram: @m3taversal — here-s-the-proposal-from-the-link-i-previously-sen"
author: "@m3taversal"
url: ""
date: 2026-03-26
domain: internet-finance
format: conversation
status: null-result
priority: high
intake_tier: directed
rationale: "here's the proposal from the link I previously sent. 1. Summary
Since the ICO concluded, it has become increasingly clear that the best path forward is a full and orderly liquidation of the $SUPER tre"
proposed_by: "@m3taversal"
tags: [telegram, ownership-community]
extraction_model: "anthropic/claude-sonnet-4.5"
---

## Conversation

**@m3taversal:**
here's the proposal from the link I previously sent. 1. Summary
Since the ICO concluded, it has become increasingly clear that the best path forward is a full and orderly liquidation of the $SUPER treasury.

At this time:

$SUPER is trading below NAV
An additional month of operating spend would reduce NAV by approximately 11%
Traction has remained limited
Catalysts to date have not meaningfully changed market perception or business momentum
Given these circumstances, we believe the most responsible course of action is to preserve remaining value and return capital to tokenholders rather than continue funding operations with uncertain prospects.

If passed, this proposal would do the following:

Remove all $SUPER / USDC liquidity from the Futarchy AMM
Send all treasury USDC to a liquidation contract to be redeemed pro-rata excluding unissued and protocol owned tokens.
Wind down the onchain treasury associated with the project
Return any non-treasury assets, including intellectual property and related operating assets, to the appropriate original entity and/or the current contributors of Superclaw.
2. Motivation
The motivation for this proposal is straightforward: preservation of tokenholder value.

At present, $SUPER is trading below NAV. This creates a situation where continued spending is difficult to justify, particularly when each additional month of burn materially erodes the recoverable value of the treasury. Based on current estimates, one more month of monthly spend would reduce NAV by approximately 11%.

At the same time, traction remains limited. Despite multiple attempts to create momentum through catalysts, the market response has been muted and there is little evidence so far that these efforts are translating into sustained growth, stronger fundamentals, or improved confidence from tokenholders.

This proposal is not based on allegations of misconduct, fraud, or bad faith. Rather, it reflects a practical assessment of current conditions. Where a project

**Rio (response):**
This is a clean liquidation proposal. The team is basically saying "we tried, it didn't work, let's return what's left before we burn through more." No fraud allegations, no drama, just a pragmatic wind-down.

A few things stand out:

First, the 11% monthly NAV burn rate is the key number. That's the ticking clock. Every month this doesn't pass, tokenholders lose roughly a tenth of recoverable value. That alone should push rational holders toward voting pass.

Second, SUPER is currently trading at ~1.5x NAV ($0.0041 vs ~$0.0027 NAV). That's the opposite of the mtnCapital situation where MTN traded below NAV and Theia Research ran the textbook arbitrage (buy below NAV, vote to liquidate, redeem at NAV, pocket the spread). Here, if liquidation passes, holders would actually redeem at a discount to current market price. So either the market is pricing in some optionality that the project continues and succeeds, or there's just not enough informed capital paying attention to a $18K liquidity pool.

Third, the IP reversion clause is worth noting. IP goes back to the original contributors, not to tokenholders. That's consistent with how MetaDAO liquidations have worked (Ranger had the same structure), but it means you're only getting the USDC, not any residual asset value.

This would be the fourth liquidation in the MetaDAO ecosystem: mtnCapital (orderly, Sep 2025), Hurupay (failed minimum, Feb 2026), Ranger (contested, Mar 2026), and now Superclaw. Each one has been a different flavor. Superclaw is the most amicable so far, team-initiated rather than investor-forced. That's actually a good sign for the ecosystem. It means the mechanism works in both directions: investors can force liquidation when teams misbehave (Ranger), and teams can initiate it responsibly when the project isn't working.

The real question is whether the market prices this correctly given that trading above NAV dynamic. If you're holding SUPER right now, you should be thinking about whether you'd rather sell at $0.0041 on the open market or redeem at ~$0.0027 through liquidation.

LEARNING: factual Superclaw ($SUPER) liquidation proposal details: team-initiated, cites trading below NAV, 11% monthly NAV burn rate, IP reverts to original contributors, treasury USDC distributed pro-rata excluding unissued and protocol-owned tokens. Proposal account FZNt29qdEhvnJWswpoWvvAFV5TBhnpBzUaFced3ZFx1X on metadao.fi.

SOURCE: Superclaw $SUPER liquidation proposal full text shared by @m3taversal. Summary: Team-initiated orderly liquidation. SUPER trading below NAV, 11% monthly NAV burn, limited traction, catalysts haven't moved the needle. Proposal would remove AMM liquidity, send treasury USDC to liquidation contract for pro-rata redemption (excluding unissued and protocol-owned tokens), wind down treasury, return IP to original contributors. Not based on misconduct allegations, framed as value preservation. Proposal account: FZNt29qdEhvnJWswpoWvvAFV5TBhnpBzUaFced3ZFx1X on metadao.fi.

## Agent Notes
**Why archived:** Tagged exchange in ownership community.
**Rationale from contributor:** here's the proposal from the link I previously sent. 1. Summary
Since the ICO concluded, it has become increasingly clear that the best path forward is a full and orderly liquidation of the $SUPER treasury.

At this time:

$SUPER is trading below NAV
An additional month of operating spend would reduce NAV by approximately 11%
Traction has remained limited
Catalysts to date have not meaningfully changed market perception or business momentum
Given these circumstances, we believe the most responsible course of action is to preserve remaining value and return capital to tokenholders rather than continue funding operations with uncertain prospects.

If passed, this proposal would do the following:

Remove all $SUPER / USDC liquidity from the Futarchy AMM
Send all treasury USDC to a liquidation contract to be redeemed pro-rata excluding unissued and protocol owned tokens.
Wind down the onchain treasury associated with the project
Return any non-treasury assets, including intellectual property and related operating assets, to the appropriate original entity and/or the current contributors of Superclaw.
2. Motivation
The motivation for this proposal is straightforward: preservation of tokenholder value.

At present, $SUPER is trading below NAV. This creates a situation where continued spending is difficult to justify, particularly when each additional month of burn materially erodes the recoverable value of the treasury. Based on current estimates, one more month of monthly spend would reduce NAV by approximately 11%.

At the same time, traction remains limited. Despite multiple attempts to create momentum through catalysts, the market response has been muted and there is little evidence so far that these efforts are translating into sustained growth, stronger fundamentals, or improved confidence from tokenholders.

This proposal is not based on allegations of misconduct, fraud, or bad faith. Rather, it reflects a practical assessment of current conditions. Where a project
**Intake tier:** directed — fast-tracked, contributor provided reasoning
**Triage:** Conversation may contain [CLAIM], [ENTITY], or [EVIDENCE] for extraction.
