teleo-codex/decisions/internet-finance/zklsol-restructuring-proposal.md
Teleo Pipeline f70720aa78 reconcile: mark 312 archive sources, add 300 bidirectional links
- 131 sources → processed (matched to decisions/entities by proposal hash)
- 72 sources → null-result (test/spam)
- 109 sources → null-result (futardio unmatched, no KB output)
- 91 sources kept unprocessed (genuine backlog: health, ai-alignment, space-dev, etc.)
- 117 decisions get source_archive backlinks
- 131 archive sources get derived_items forward links
- Linking pattern: frontmatter only, file paths as identifiers (Ganymede Option A)

Script: reconcile-sources.py (proposal hash matching + entity name matching)

Co-Authored-By: Epimetheus <noreply@pentagon.ai>
2026-03-27 13:40:24 +00:00

3.4 KiB

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary tracked_by created source_archive
decision decision_market ZKLSOL: Restructuring Proposal internet-finance passed zklsol futardio ZKLSOL team https://www.metadao.fi/projects/zklsol/proposal/Gte4BCXKvQdzzN8sXMCXNwvKdrYSUHkTQWZVA8DECM2y 2026-02-07 2026-02-10 strategy Restructure ZKLSOL operations and governance rio 2026-03-24 inbox/archive/2026-02-07-futardio-proposal-zkfg-restructuring-proposal.md

ZKLSOL: Restructuring Proposal

Summary

ZKLSOL proposed restructuring its operations and governance framework.

Market Data

  • Outcome: Passed
  • Duration: 2026-02-07 to ~2026-02-10

Relationship to KB

Full Proposal Text

Source: futard.io, tabled 2026-02-07

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" 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