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0024-SPLASHDivestment
Context
Given recent development and strategic considerations the ODAO Council and Optim Labs propose divestment of SPLASH approved in prior proposals. The teams will continue working together for the forseeable future on upcoming products, but necessity given the fallout of the situation surrounding the villification of Optim by the Cardano insiders make it necessary to rethink the long banded approach to our products and company.
Proposal
Swap
Swap Context
OTC swap ODAO owned SPLASH for $O and ADA with Splash DAO
The ODAO will swap:
4,120,357.651005 SPLASH
spot price: 0.106846
value in ADA: 440,243.733579
For:
308,098.590000 O
spot price: 0.279377
value in ADA: 86,075.659778
and
440,243.733579 - 86,075.659778
354,168.07 ADA
Swap Final
Thus, a swap of
4,120,357.651005 SPLASH
for
354,168.07 ADA
308,098.590000 O
Vote
In the upcoming Splash DAO vote, vote up a proposal that matches these terms as above using all of the ODAO holdings.