---
# System prepended metadata

title: "\U0001FAA6 Proposal: Winding down CrisisDAO v1 - Part 1 (May 2023)"
tags: ['status:abandoned', proposals]

---

---
tags: proposals
---

## Background

We feel that the experiment of CrisisDAO v1 is ready to wind down, and we'd like a clean slate to experiment with novel structures in CrisisDAO v2.

## Goals

1. Liquidate all of our assets into ETH.
2. Cover any outstanding expenses and liabilities held by CrisisDAO.
3. Pay out members their proportional $CRISIS share in ETH.

## Actions

Note: Actions should be interpreted in the context of goals above. This proposal's primary focus is the first goal.

1. **FOMOFund wallet is liquidated into the primary CrisisDAO Safe wallet.**
2. New standing mandate (expires October 1, 2023):
   A. **All non-ETH assets are authorized to be sold at floor-or-higher prices.**
   B. **Lead of sale can claim a 10% commission for amount over floor price.**
   (See "Commission Process" below.)
3. **Simple majority vote can veto any sale proposal and any commission claim.**

## Processes

Note: Processes are rough guidelines to set expectation.

### Commission Process

1. Anyone can claim "lead" on liquidating any assets that the DAO holds for _2 weeks at a time_ by posting on the Discord `CRISISDAO > #general` channel something like:
   > I am taking lead of a sale:
   > - Asset: ___ (link or description)
   > - Current floor price: ___ (ETH)
   > - Floor price source: ___ (URL)
   > - Lead expires: ___ (today + 2 weeks)
   > - Other notes? ___
2. Need two 👍 reactions from DAO members to confirm that everything looks good (please check that someone isn't already holding the lead on that asset and that there is no active contention about selling this asset).
3. The Security Committee will work with the Lead to coordinate managing the asset creating transactions, and signing.
4. If a sale is successful, please post a summary in-reply-to the original lead message, with a commission request to be aggregated and executed by the Security Committee.
   > Sale completed:
   > - Asset: ___
   > - Sold for: ___ (ETH)
   > - Amount over floor: ___ (ETH)
   > - Total commission requested: ___ (10% of above)
   > - Send commission amount ___ (ETH) to address ___ (CrisisDAO member)
   > - Send commission amount ___ (ETH) to address ___ (CrisisDAO member)
   > - ...
5. Leads are able to tip out anyone who substantially helped them complete the liquidation, but not required.

Note: Commission can use the floor price at the start of the lead request, or at the time of sale. Whichever feels more fair in context. When in doubt, use the floor price at the time of sale.

## Appendix

- Commission example: If an asset's floor price is 10 ETH, and the lead sells it for 12 ETH, then the lead can request a 0.2 ETH commission.