Summary

This proposal authorizes the DAO to conduct an over-the-counter sale of ZKFG tokens from the treasury, capped at 2,000,000 ZKFG, at a 25% discount to the prevailing ZKFG/USDC market price at the time of execution.

Using the market reference observed during drafting on 2026-06-04, CoinGecko listed the active MetaDAO ZKFG/USDC market.

A 25% discount, if the full 2,000,000 ZKFG cap is sold at that indicative price, expected gross proceeds would be approximately 93,894 USDC.

The final execution price should be recalculated immediately before settlement using the then-current ZKFG/USDC market reference.

Proposed Terms

• Asset sold: ZKFG
• Maximum sale size: 2,000,000 ZKFG
• Pricing: 75% of the prevailing ZKFG/USDC market price, representing a 25% discount
• Indicative reference price observed on 2026-06-04: $0.0625967873 per ZKFG
• Indicative OTC price: $0.0469475905 per ZKFG
• Indicative maximum proceeds: 93,894 USDC
• Settlement asset: USDC
• Settlement condition: USDC must be received by the DAO treasury before, or atomically with, any ZKFG transfer
• Execution flexibility: The sale may be completed in one or more tranches, provided total ZKFG sold does not exceed 2,000,000 ZKFG and each tranche follows the approved pricing rule

Rationale

• An OTC structure allows the DAO to raise USDC while reducing open-market execution impact.
• The 25% discount provides a clear incentive for investors to take meaningful size directly from the treasury, while the cap limits dilution and preserves DAO flexibility.
• This approach can improve treasury liquidity, fund ongoing operations, and avoid fragmenting the sale across thin public markets.
• Requiring USDC settlement before or atomically with token delivery protects the DAO from counterparty risk.