PR with Payload
Summary
By executing this proposal, the DAO will revoke the BAL vesting contract for Wonderland and return unvested BAL to the treasury multi-sig. Furthermore, any pending USDC payments will be removed from the multi-sig ops repository. Reason being that both parties agreed to terminate the arrangement as voted in with BIP-578.
Motivation
As stated in the most recent announcement by Danko in the Wonderland SP proposal, both the Balancer DAO and Wonderland agreed to mutually terminate the business relationship. As a result, the DAO will exercise the right to return unvested BAL tokens to the treasury by executing the revoke on the vesting contract. Furthermore, any pending monthly USDC payments will be removed from the multi-sig operations repository. Both parties have agreed that the relationship is terminated at Jul 31, 2024.
Refund of revoke call differential
As the revoke / clawback function call on the contract is not possible to be executed with a timestamp in the past, we are asking @wonderland to return any difference of BAL that accrued between July 31st and the execution of the revoke function.
As per setup of the vesting contract, the DAO shall receive no less than 243167784238647894469813 = 243,167.78 BAL in total based on the vesting amount until July 31st 2024.
Technical Specification
The Balancer DAO Multi-sig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will interact with the BAL vesting contract at 0xd6208f3b61640baebb71aa59b58cc61e32f8ddf5 and call revoke. This will return all unvested BAL back to the treasury wallet.
After the execution of the revoke call by Balancer DAO,@wonderland will return the difference in BAL as a result of the delayed execution to the DAO multi-sig thereafter.