Authors: ZKFG-holder group representatives, @shift_boss (Founder of ZKFG), with review from @metanallok (Co-Founder, MetaDAO).

Summary

A supermajority holders group of ZKFG ~65% desires to take ZKFG private.

If passed, this proposal will enable ZINC holders and the Zinc’s founder to in effect take ZKFG private at a price of $0.15 (USDC) per outstanding ZKFG.

A snapshot of the ZKFG token holders was taken on the 25th of May 2026 (just before Zinc launched). Those holders will receive a pro rata airdrop of 5000 ZINC tokens (5000 in total not each), in daily batches over 90 a day period.

Specifically, if passed this proposal would:

• Authorize the creation of an escrow account that can receive USDC and ZKFG.
• If sufficient USDC and/or ZKFG are received at this escrow account after 7 days to pay out 0.15 USDC per outstanding ZKFG, ZKFG would be wound down and all of Turbine Cash DAO LLC’s intellectual property would transfer to the Operator / Member of the LLC.
• If insufficient USDC and/or ZKFG are received at this escrow account to pay out 0.15 USDC per outstanding ZKFG, intellectual property would remain in Turbine Cash DAO LLC and the authorizations would be void.
• Full snapshot at https://assets.zinc.cash/snapshot/zkfg-holders-2026-05-25-helius-rewind.csv

Motivation

• A group of holders purchased, on the open market, a supermajority stake of ~65% of the ZKFG float, outweighing any other participant by a significant margin.
• ZKFG-006, which requested a liquidation at up to $0.15 per ZKFG, was approved by the market.
• The market has traded ZKFG-006 up to 0.15 USDC / ZKFG almost instantly upon publishing it, from a price of 0.07, and it passed by a wide margin, signaling strong satisfaction of the proposal terms. This proposal was created on June 9, 2026.
• ZKLSOL now has two tokens: ZKFG and ZINC.This can confuse users and harm ZINC’s future prospects,as has already been the case to date. It is reasonable for the market to trade a proposal to buy out ZKFG holders and sunset the token and take its IP private.
• The aim of the snapshot and airdrop is to reward true supporters of ZKFG rather than arbitrage chasers that jumped in after ZKFG-006. This was a discretionary amount added by the supermajority holders group, made on top of the 0.15 offer, to show good faith and return upside to the early backers. To be clear, all ZKFG token holders would receive 0.15 per token.

Logistics

Escrow

One of the issues in ZKFG-006 is that no one could guarantee that there would actually be 0.15 in USDC per outstanding ZKFG.

To solve this, we’ve created a 2/3 escrow:

• Di7ZrctEeNupFaXFBoFBDzf4Ubh1FKxnirfEyd8kSE8b

If this proposal passes,

• Holders will have 7 days after the end of the proposal to send USDC and ZKFG.
• If at the end of 7 days, there is sufficient USDC and/or ZKFG such that the DAO-owned-USDC (including any USDC in its treasury & across AMMs) plus the USDC in escrow divided by the DAO-owned-ZKFG plus the ZKFG in escrow is greater than or equal to 0.15, the liquidation will proceed.
• If at the end of 7 days, there is insufficient USDC and/or ZKFG to meet this condition, all USDC and ZKFG will be sent back to their senders. Spam transactions (those containing less than ~$1000 of value of either ZKFG or USDC) may or may not be reversed, left to the MetaDAO team’s discretion.
• PLEASE NOTE: YOU SHOULD NOT SEND ZKFG to this wallet. ZKFG in this wallet will not be included in the $0.15 redemption.

IP Transfer

If liquidation proceeds, all IP will be transferred from Turbine Cash DAO LLC to the Operator / Member of the LLC and the Operator / Member of the LLC would have authorization to close down Turbine Cash DAO LLC.

Cash Liquidation Process

If liquidation proceeds, all ZKFG holders would be able to redeem each ZKFG for 0.15 USDC for at least 365 days post-liquidation.

We would expect to have this live on Solana and on metadao.fi within 1 week of determining that there is sufficient USDC and ZKFG in escrow.

MetaDAO would have discretion over remaining unredeemed funds at this point, which could for example mean returning the remaining funds pro rata.

Authorizations

If passed MetaDAO is authorized to execute the revocation of mint authority of the DAO, remove LP, burn treasury owned ZKFG and undertake the redemption process as outlined in this proposal.

Non-Disparagement and Improvement

• MetaDAO structure is complex and young, most people don’t fully understand the dynamics and rules. This has created significant confusion, stemming from a lack of knowledge and detail on all sides of this matter.
• The supermajority group is offering to discuss a mutual non-disparagement agreement with MetaDAO in good faith, with the aim of improving the MetaDAO protocol, educating participants more effectively, and strengthening the ZINC product and community.
• The supermajority group is also offering to discuss, in good faith, a post-mortem covering the good, the bad, and the ugly from start to finish, from both sides' perspectives, in order to grow, improve, and become better. If agreed upon, the post-mortem will be made public, provided both sides agree to publish it.

Important Accounts And Information

• Treasury: BNvDfXYG2FAyBDYD71Xr9GhKE18MbmhtjsLKsCuXho6z
• Meteora LP: DZc1Smsn5n7TCEDyivJs61dPzJem2661fnvYw2ZEMJFa
• LP Position: 5FPGRzY9ArJFwY2Hp2y2eqMzVewyWCBox7esmpuZfCvE