Permalink
Branch: master
Find file Copy path
Fetching contributors…
Cannot retrieve contributors at this time
48 lines (32 sloc) 1.89 KB
AGP Title Author Status Track Created
5
Aragon Flock proposal for Aragon One
Luis Cuende (@luisivan)
Approved
Finance
2018-12-18

Aragon Flock proposal: Aragon One

Address of the transfer recipient

We request funds to be sent to the multisig 0xa41a8ce739a0ac33db3d60917b8c327bac506349. This multisig will be used for the cold storage of received funds.

Funding needed for operations will be then sent and managed by the Aragon One DAO (a1.aragonid.eth) on the Ethereum Mainnet.

Amount of the transfer

  • $4m in DAI (or other stable assets, such as fiat)
  • 1,675,000 ANT

Number and frequency of transfers

  • The $4m payment is one-off
  • The 1,675,000 ANT will vest over the next 4 years
    • Due to existing ANT commitments with employees, we request the cliff to happen in ~9 months instead of 12 months. This would be on October 1st, 2019
    • For the remaining 3 years of vesting, the remaining 75% of the tokens will be freed at 25% per year
    • 100% of the tokens would be freed on October 1st, 2022

Purpose of the transfer

Aragon Flock proposal, as stated in the Flock repo. The proposal was pre-approved and merged into the Flock repo on Dec 19th, 2018.

Recipient information

Organization

Name: Aragon One AG (see in Swiss company registry)

Website: aragon.one

Team members who will be managing funds from this transfer

Name: Luis Cuende

PGP key fingerprint: 1834 CBEF 4022 B550 5765 1070 DC59 CF69 F198 01F5 (Keybase)

Name: Jorge Izquierdo

PGP key fingerprint: A52A 7A5E C3E1 4502 5018 BBE2 9E01 C523 14AD B34C (Keybase)