BPIP-FINAL
BlackPool DAO — Voluntary Wind-Down and Final Treasury Redemption Proposal
Final Community Proposal for On-Chain Ratification
| Proposal ID | BPIP-FINAL |
|---|---|
| Proposal Type | Constitutional / Treasury / Wind-Down (compound) |
| Proposer | BlackPool Community (community-submitted; co-sponsored by core contributors) |
| Status | For Vote |
| Publication Date | 13 May 2026 |
| Forum Discussion | Discussion - BlackPool Governance Forum |
Plain-language summary
This is the final governance proposal of the BlackPool DAO. If approved, the DAO authorises a two-round, self-claim distribution of all remaining treasury value to BPT-holding wallets identified at the snapshot. Round 1 distributes 119,758.20 USDC immediately to 72 eligible wallets and has a hard 90-day claim deadline. Round 2, between 91 and 180 days later, distributes the Round 1 Forfeiture Amount plus 67% of net liquidation proceeds — but only to wallets that successfully claimed Round 1. Missing the 90-day window forfeits both rounds. The remaining 33% of net liquidation proceeds is paid as a Contributor Commission to named contributors at §9.5. After Round 2 closes, the DAO is dissolved.
1. Recitals
WHEREAS, BlackPool DAO (the “DAO”) is a decentralised autonomous organisation that operated as a treasury and asset-management vehicle focused on gaming-related non-fungible tokens (NFTs) and related digital assets, with governance exercised by holders of the BlackPool Token (“BPT”);
WHEREAS, the structural decline in liquidity, market depth, and end-user demand for gaming NFTs across all major secondary markets has eliminated the economic rationale for the DAO’s continued operation;
WHEREAS, the DAO’s core contributors have, through prior governance signalling and on-chain consultation, formed the view that the orderly, transparent, and equitable course of action is the voluntary wind-down of the DAO and the return of remaining treasury value to BPT holders pro rata;
WHEREAS, a binding snapshot of BPT balances has been taken and finalised, capturing 74 holding addresses, of which two (2) addresses are protocol-owned liquidity-pool contracts and are excluded from the eligible distribution denominator (the “Excluded Addresses”), leaving 72 individual holder wallets eligible (the “Eligible Wallets”);
WHEREAS, the Eligible Wallets collectively hold 21,329,877.42 BPT, which constitutes the total eligible supply for the purposes of pro-rata allocation under this Proposal (the “Eligible Supply”);
WHEREAS, the DAO Treasury Multisig (the “Treasury Safe”) currently holds 120,360 USDC in immediately distributable stablecoin form, plus a residual portfolio of non-liquid digital assets that will be liquidated through publicly observable on-chain venues during the Wind-Down period;
WHEREAS, Merkl (operated by Angle Labs) provides an audited, fully on-chain Custom Allocation Airdrop mechanism that allows a fixed, JSON-defined distribution schedule to be made claimable by named wallet addresses, in a permissionless and self-service manner, without imposing any counterparty, custody, or off-chain settlement relationship between the DAO Treasury and the recipients;
WHEREAS, the Association (as defined in §3) is a separate legal entity whose role, non-involvement in the Wind-Down, and exclusion from any liability arising out of this Proposal are set out at §17 and §18;
NOW, THEREFORE, the BlackPool community is asked to ratify the resolutions set forth in §6 (Operative Resolutions), pursuant to the voting parameters set forth in §19 (Voting & Ratification), and to authorise the implementation steps set forth in §§7–13.
2. Executive Summary
BlackPool DAO is executing a voluntary, community-ratified wind-down. Following ratification of this Proposal, the Treasury Safe will be authorised to: (i) deposit 120,360 USDC (representing 119,758.20 USDC of net distribution plus the 0.5% Merkl protocol fee) into a Merkl Custom Allocation Airdrop campaign on Ethereum Mainnet (“Round 1”) with a hard 90-day claim deadline; (ii) liquidate the residual non-liquid asset portfolio in an orderly manner during the 90-day Liquidation Window using publicly observable on-chain venues; (iii) disburse the Contributor Commission (33% of net liquidation proceeds) to the named contributors at §9.5 at or before the Round 2 launch; (iv) launch a second Merkl Custom Allocation Airdrop campaign between 91 and 180 days after Round 1 (“Round 2”), distributing the Round 1 Forfeiture Amount plus 67% of net liquidation proceeds only to the Round 2 Eligible Wallets (i.e., wallets that successfully claimed Round 1 within the 90-day window); and (v) thereafter publish a final accounting and formally dissolve all DAO governance instruments. Holders who fail to claim Round 1 within the 90-day window forfeit both rounds in full — see §13.3.
Snapshot Summary — Final Figures
| Metric | Value |
|---|---|
| Total addresses in snapshot | 74 |
| Excluded (protocol pool contracts) | 2 — see §8.2 and Appendix A |
| Eligible Wallets (individual holders) | 72 |
| Total Eligible BPT (the Eligible Supply) | 21,329,877.42 BPT |
| Round 1 net distribution pool | 119,758.20 USDC (pro-rata over Eligible Supply) |
| Round 1 deposit (incl. 0.5 % Merkl fee) | 120,360 USDC |
| Round 2 distribution pool | Unclaimed R1 + net proceeds of asset liquidation (TBD) |
| Distribution chain | Ethereum Mainnet |
| Reward token | USDC (0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48) |
3. Definitions
Capitalised terms used in this Proposal have the meanings set out below. Where a term appears in plural, it bears a corresponding meaning.
“BPT” — The BlackPool ERC-20 governance token, deployed on Ethereum Mainnet.
“Contributor Commission" — An amount equal to thirty-three per cent (33%) of the net stablecoin proceeds of the Liquidation Window, payable in USDC to the named individual contributors at the addresses and in the proportions set out in the Contributor Allocations table at §9.5. The Contributor Commission is the only compensation payable to any contributor in connection with the Wind-Down, is funded exclusively from net liquidation proceeds, and is disbursed prior to the construction of the Round 2 pool.
“Contributor Allocations” — The per-contributor schedule set forth at §9.5 listing each named individual contributor, their on-chain recipient address, and their proportional share of the Contributor Commission (with all individual shares summing to one hundred per cent (100%) of the Contributor Commission).
“Eligible Supply” — 21,329,877.42 BPT — being the total BPT held by the 72 Eligible Wallets at the snapshot block, after exclusion of the Excluded Addresses.
“Eligible Wallet” — Any one of the 72 individual holder wallet addresses listed in the allocation schedule at §11.
“Excluded Addresses” — The two (2) protocol-owned liquidity-pool contracts identified in Appendix A, whose BPT holdings are excluded from the Eligible Supply because they aggregate value on behalf of the DAO and not on behalf of any individual holder.
“Holder” — A natural or legal person that controls the private keys of an Eligible Wallet.
“Liquidation Window” — The period from the Round 1 launch through ninety (90) calendar days thereafter, during which the Treasury Safe signers shall conduct the orderly liquidation of the residual non-liquid asset portfolio in accordance with §9.2.
“Merkl” — The Merkl protocol operated by Angle Labs, including the Merkl DistributionCreator contract and the Merkl Studio interface used to create campaigns.
“Proposal” — This document, BIP-FINAL, in its final form ratified by the community vote described at §19.
“Round 1” — The first redemption round, distributing 119,758.20 USDC in aggregate to Eligible Wallets, as described in §10 and §11.
“Round 2” — The second and final redemption round, described in §12, distributing unclaimed Round 1 amounts plus the net proceeds of asset liquidation.
“Round 1 Forfeiture Amount” — The aggregate USDC amount that was allocated under Round 1 but had not been claimed at the close of the ninety (90) day claim window. The Round 1 Forfeiture Amount is irrevocably swept into the Round 2 pool under §12.2 and is not recoverable by the forfeiting Holder.
“Round 2 Eligible Wallets” — The subset of Eligible Wallets that successfully submitted a successful Round 1 claim transaction within ninety (90) calendar days of the Round 1 launch, as determined conclusively from on-chain claim events emitted by the Merkl DistributionCreator contract for the Round 1 campaign at the sweep block. Holders outside this subset have no allocation under Round 2.
“Snapshot Block” — The Ethereum Mainnet block at which BPT balances were captured for purposes of computing eligibility and allocation under this Proposal. The Snapshot Block is final and cannot be re-taken.
“Treasury Safe” — The Gnosis Safe multisignature contract that holds the DAO’s treasury assets and is the on-chain entity executing all transactions contemplated by this Proposal.
“USDC” — USD Coin, the ERC-20 stablecoin issued by Circle Internet Financial, contract address 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 on Ethereum Mainnet.
“Association” — The legal-entity vehicle that has historically provided certain limited administrative or operational support services to the BlackPool ecosystem. The Association’s role, non-involvement in the Wind-Down, and the related limitation of liability are set out at §17 and §18.
“Wind-Down” — The full sequence of operations described in this Proposal that result in (i) the distribution of all remaining DAO treasury value to Eligible Wallets and (ii) the formal dissolution of DAO governance.
3A. On-Chain Identifiers
The following on-chain identifiers are the canonical references for all matters under this Proposal. Any address, hash, or block number not listed below or not derived from the resources cited below is not authoritative for purposes of the Wind-Down. Holders, third-party reviewers, and downstream tooling should rely exclusively on these identifiers and verify them independently against block explorers and the BlackPool governance forum before taking any action.
| Item | Identifier |
|---|---|
| BPT contract (ERC-20, Ethereum Mainnet) | [BPT contract address to be inserted before publication] |
| Treasury Safe (Gnosis Safe, Ethereum Mainnet) | eth:0x07DFF52fb8B38E55E6eCb407913cd847396Af4f0 |
| USDC token (Ethereum Mainnet) | 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 |
| Merkl DistributionCreator contract (Ethereum Mainnet) | [verify against Merkl docs at https://docs.merkl.xyz; canonical address to be inserted before publication] |
| Snapshot Block (Ethereum Mainnet block number at which BPT balances were captured) | [Snapshot Block number to be inserted before publication] |
| Snapshot Block hash | [TBD — Snapshot Block hash to be inserted before publication] |
| JSON allocation file — Round 1 (content hash, SHA-256) | [TBD — SHA-256 of the published JSON file to be inserted at file finalisation] |
| JSON allocation file — Round 1 (IPFS CID) | [TBD — IPFS CID of the published JSON file to be inserted at file finalisation] |
| Round 1 Merkl campaign ID | [To be added at Round 1 launch and republished on the BlackPool governance forum] |
| Round 2 Merkl campaign ID | [To be added at Round 2 launch and republished on the BlackPool governance forum] |
| Permanent archive of this Proposal (IPFS / Arweave) | [TBD — archive URI to be inserted before publication] |
| Contributor recipient addresses (Contributor Commission) | See §9.5 — Contributor Allocations table |
Each yellow placeholder must be filled in — with the value verified against an authoritative on-chain source — before this Proposal is opened for the Snapshot.org vote described at §19. A version of this Proposal containing any unfilled “[TBD]” or “Yellow mark” values is a draft and is not eligible for ratification.
4. Authority and Governance Basis
BPT holders are the ultimate decision-making authority of the DAO. Pursuant to long-standing community practice and prior governance precedents recorded on the BlackPool governance forum, a wind-down resolution requires (i) publication of a structured proposal on the forum for community discussion, (ii) a Snapshot.org vote with the parameters set out at §19, and (iii) on-chain execution by the Treasury Safe signers acting on the ratified outcome. This Proposal is intended to satisfy each of these procedural elements and to constitute the final binding governance act of the DAO.
Nothing in this Proposal modifies, supersedes, or waives any rights that any Holder may have under the governing documents of the DAO, applicable law, or any contractual instrument predating the Snapshot Block. Conversely, this Proposal is not intended to create, and does not create, any new contractual right, equitable interest, beneficial ownership, security entitlement, or claim of any kind in favour of any Holder against the Association, the Treasury Safe signers, the core contributors, Merkl, Angle Labs, Circle, or any other person.
5. Scope of the Proposal
This Proposal asks the community to vote on the following compound matters together as a single binding governance act:
(a) ratification of the binding BPT Snapshot and the Eligible Supply;
(b) ratification of the exclusion of the Excluded Addresses (Appendix A);
(c) approval of the two-round wind-down structure described at §7;
(d) approval of the use of Merkl Custom Allocation Airdrop as the exclusive distribution mechanism;
(e) approval of the Round 1 allocation schedule set out at §11, computed pro rata from the Eligible Supply;
(f) authorisation for the Treasury Safe signers to execute Round 1 and Round 2 in accordance with §§9–12;
(g) authorisation for the Treasury Safe signers to liquidate the residual non-liquid asset portfolio in an orderly manner during the 60–90 day Wind-Down window, using publicly observable on-chain venues;
(h) approval of the final accounting and formal dissolution provisions at §21;