ingestion: archive futardio proposal — 2026-02-07-futardio-proposal-zkfg-restructuring-proposal.md

inbox/archive/2026-02-07-futardio-proposal-zkfg-restructuring-proposal.md

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+---
+type: source
+title: "Futardio: ZKFG Restructuring Proposal"
+author: "futard.io"
+url: "https://www.metadao.fi/projects/zklsol/proposal/Gte4BCXKvQdzzN8sXMCXNwvKdrYSUHkTQWZVA8DECM2y"
+date: 2026-02-07
+domain: internet-finance
+format: data
+status: unprocessed
+tags: [futarchy, solana, governance, zklsol]
+event_type: proposal
+---
+
+## Proposal Details
+- Project: ZKLSOL
+- Proposal: ZKFG Restructuring Proposal
+- Status: Passed
+- Created: 2026-02-07
+- URL: https://www.metadao.fi/projects/zklsol/proposal/Gte4BCXKvQdzzN8sXMCXNwvKdrYSUHkTQWZVA8DECM2y
+- Description: If passed, this proposal would allocate up to 500,000 USDC to buy ZKFG at prices up to $0.076. And move 50% of the liquidity from the FutarchyAMM to the treasury.
+
+## Content
+
+**Type**
+
+Operations Direct Action
+
+**Author(s)**
+
+Proph3t
+
+**Summary**
+
+If passed, this proposal would allocate up to 500,000 USDC to buy ZKFG at prices up to $0.076. And move 50% of the liquidity from the FutarchyAMM to the treasury.
+
+**Motivation**
+
+When an ownership coin trades at a significant discount to NAV, the right thing to do is to do buybacks until it gets there. We communicate this to projects beforehand: you can raise more, but the money you raise will be at risk.
+
+Almost since inception, ZKFG has traded at a discount to NAV. It’s clear that today there is not $1M of demand for ZKFG.
+
+The market can change - at the later stages, Tesla came back from being [“within weeks of bankruptcy”](https://www.forbes.com/sites/christopherhelman/2018/11/28/elon-musk-said-tesla-was-single-digit-weeks-from-deathwheres-the-disclosures/?utm_source=chatgpt.com) and went on to grow their stock price 30-fold; at the earlier stages, Airbnb had great difficulty raising their first round of funding - but this is where it’s at today.
+
+We are proposing a big potential buyback in order to bring the system back into equilibrium and buy out the non-believers at accretive prices for the believers. 
+
+**Logistics**
+
+500,000 USDC of treasury funds would go into a DCA order to purchase  `ZKFHiLAfAFMTcDAuCtjNW54VzpERvoe7PBF9mYgmeta` (ZKFG) at a maximum price of 0.076 USDC per token. These orders will be placed every five minutes over a period of ~14 days (for a total of 4000 orders).
+
+The NAV per token was established by taking the 150,000 USDC in the treasury’s AMM position, the 575,000 USDC sitting in the treasury, the negligible amount of non-treasury cash (the estimate I got from the founder), and dividing by the 9,500,000 ZKFG in circulation.
+
+This proposal would move 50% of the liquidity in the FutarchyAMM to the treasury to be used for future operations.
+
+**Specifications**
+
+Amount: 500,000 USDC
+
+Order Type: Recurring
+
+Order Quantity: 4000
+
+Order Frequency: 5 minutes
+
+Maximum Order Price: 0.076
+
+Effective Time Horizon: ~14 days
+
+**NOTE:**
+
+Any funds remaining in the order (should it fail to complete its total number of orders in quantity) will go back to the treasury at the end of 14 days.
+
+All ZKFG tokens will be transferred to the treasury.
+
+## Raw Data
+
+- Proposal account: `Gte4BCXKvQdzzN8sXMCXNwvKdrYSUHkTQWZVA8DECM2y`
+- Proposal number: 4
+- DAO account: `5FPGRzY9ArJFwY2Hp2y2eqMzVewyWCBox7esmpuZfCvE`
+- Proposer: `tSTp6B6kE9o6ZaTmHm2ZwnJBBtgd3x112tapxFhmBEQ`
+- Autocrat version: 0.6