6. Operative Resolutions
If this Proposal passes the vote described at §19, the following resolutions take effect immediately upon the publication of the final tally and shall constitute the binding governance authority for the implementation actions described in this document.
§6.1 RESOLVED, that the BPT Snapshot, the Eligible Supply (21,329,877.42 BPT), the 72 Eligible Wallets, and the exclusion of the two Excluded Addresses listed at Appendix A are ratified and confirmed as final and binding for all purposes of the Wind-Down;
§6.2 RESOLVED FURTHER, that the Treasury Safe signers are authorised and instructed to execute the Round 1 redemption by (i) approving the Merkl DistributionCreator contract to spend up to 119,758.20 USDC from the Treasury Safe, and (ii) creating a Merkl Custom Allocation Airdrop campaign on Ethereum Mainnet using the JSON allocation file generated from the schedule at §11, with USDC as the reward token, the Treasury Safe as the campaign owner and depositing entity, and a campaign label clearly identifying the BlackPool DAO Wind-Down Round 1;
§6.3 RESOLVED FURTHER, that the Treasury Safe signers are authorised to undertake, in their reasonable judgement and using publicly observable on-chain venues, the orderly liquidation of the residual non-liquid asset portfolio during the 60–90 day window following the Round 1 launch, with the objective of realising fair stablecoin value with reasonable cost discipline and without market-manipulative conduct;
§6.4 RESOLVED FURTHER, that the Treasury Safe signers are authorised and instructed to disburse, on or before the Round 2 launch, the Contributor Commission (being 33% of the net stablecoin proceeds of the Liquidation Window) to the named individual contributors at the addresses and in the proportions set forth in the Contributor Allocations table at §9.5, in a single on-chain transaction or in a coordinated set of transactions executed from the Treasury Safe; the Contributor Commission shall be the only compensation paid to any contributor in connection with the Wind-Down;
§6.5 RESOLVED FURTHER, that the Treasury Safe signers are authorised and instructed to execute the Round 2 redemption between ninety-one (91) and one hundred eighty (180) days after the Round 1 launch, by aggregating into the Round 2 pool (i) the Round 1 Forfeiture Amount (Round 1 USDC unclaimed at T+90), and (ii) the net stablecoin proceeds of the Liquidation Window less the Contributor Commission, and by then creating a second Merkl Custom Allocation Airdrop campaign covering only the Round 2 Eligible Wallets at pro-rata proportions computed against the BPT held by those wallets at the Snapshot Block; Holders who failed to claim Round 1 within the ninety (90) day window shall have no allocation under Round 2;
§6.6 RESOLVED FURTHER, that any USDC that remains unclaimed after the closure of Round 2 (the “Residual”) shall be addressed in accordance with §12.4 — i.e., either (a) re-attempted via a third community-ratified Merkl campaign, or (b) recycled into a publicly disclosed charitable or public-good destination decided by a separate community vote. No Residual shall be retained by, transferred to, or distributed for the benefit of the Association, any core contributor in their personal capacity, or any signer in their personal capacity;
§6.7 RESOLVED FURTHER, that the Treasury Safe signers shall publish, on the BlackPool governance forum and any successor archival location identified at §21: (i) the Round 1 and Round 2 campaign IDs, (ii) the JSON allocation files used in each round, (iii) an Interim Wind-Down Report not later than forty-five (45) days after the Round 1 launch covering Round 1 claim status, in-progress liquidation activity, the running Contributor Commission accrual, and any open operational issues, (iv) a Final Wind-Down Report not later than ninety (90) days after the Round 1 launch covering the completion of the Liquidation Window, the final Contributor Commission calculation, the Round 1 Forfeiture Amount, and the constructed Round 2 pool, and (v) a final accounting report following the Round 2 closure;
§6.8 RESOLVED FURTHER, that the Association non-involvement provisions set forth at §17 and the limitation-of-liability and release provisions set forth at §18 are integral parts of this resolution and shall apply with full force in accordance with their terms;
§6.9 RESOLVED FURTHER, that the Treasury Safe signers are authorised to pause, delay, or cancel the launch of Round 1 or Round 2 — prior to the moment that tokens become claimable — if they reasonably and in good faith determine that proceeding would expose Holders to material harm, including (without limitation) (i) a credible report of a vulnerability or exploit affecting the Merkl protocol or the Treasury Safe; (ii) a material loss of peg or solvency event affecting USDC; (iii) a sanctions designation or comparable regulatory action affecting any party in the redemption flow; (iv) a demonstrated error in the JSON allocation file or in the published on-chain identifiers at §3A; or (v) any other event that, in the reasonable view of the signers, would render the launch unsafe or non-compliant. Any pause, delay, or cancellation under this resolution shall (a) be disclosed on the BlackPool governance forum within 72 hours of the decision, with a written explanation; (b) not be used to alter allocations, eligibility, or any term of this Proposal other than launch timing and operational mechanics; and (c) be followed, where the signers propose to re-launch with any material change to the substance of this Proposal, by a confirmatory community vote conducted under the same parameters as §19 before re-launch; and
§6.10 RESOLVED FURTHER, that upon publication of the final accounting following the Round 2 closure, the DAO is deemed dissolved as a governance instrument: no further proposals, votes, treasury actions, or governance communications shall be issued in the name of the DAO, and the BPT contract shall be deemed legacy and non-operational for governance purposes (the underlying ERC-20 token contract remains immutable and permissionless, as it is on-chain code).
7. Wind-Down Architecture
7.1 Rationale
BlackPool DAO was constituted to manage a treasury and a portfolio of gaming-related digital assets. The structural decline in liquidity, depth, and end-user demand for gaming NFTs across all major secondary venues has eliminated the economic basis for active treasury management. Continued operation would impose ongoing fixed costs (smart-contract maintenance, governance tooling, communications, asset custody) on a treasury whose marginal expected value of management activity is now negative. The orderly, transparent, and equitable course of action is to return remaining treasury value to BPT holders pro rata and to dissolve the DAO.
7.2 Two-Round Architecture
Round 1 Round 2
Purpose Distribute liquid USDC treasury Distribute Round 1 Forfeiture Amount + net liquidation proceeds (less Contributor Commission)
Amount 119,758.20 USDC (net to holders) TBD — Round 1 Forfeiture Amount + 67% of net liquidation proceeds
Timing Immediate (Snapshot already taken); hard claim deadline at T+90 days 91–180 days post Round 1 launch
Eligible Wallets 72 wallets (post-exclusion) Round 2 Eligible Wallets only — i.e., wallets that successfully claimed Round 1 within the 90-day window
Mechanism Merkl Custom Allocation Airdrop (JSON) New Merkl Airdrop campaign (same JSON structure)
Allocation basis Pro rata of 21,329,877.42 BPT (Eligible Supply) Pro rata of BPT held by Round 2 Eligible Wallets at the Snapshot Block
Contributor commission Not applicable 33% of net liquidation proceeds disbursed to named contributors at §9.5 before Round 2 pool construction
Unclaimed handling Hard 90-day claim deadline; unclaimed amounts swept into Round 2 pool at T+90; unclaiming Holders forfeit both rounds Residual addressed by §6 / §12.4
On-chain evidence JSON file + Merkl campaign ID published Updated JSON + new campaign ID published
7.3 Sequencing Principle
Round 1 is launched first because the liquid USDC pool can be distributed without operational dependency on the outcome of any sale. The non-liquid asset liquidation runs in parallel during the 3-month inter-round window. Round 2 is then launched only once the liquidation is materially complete and the unclaimed Round 1 amounts can be measured. This sequencing minimises both holder waiting time and the operational risk of conflating liquidation execution with redemption execution.
8. Snapshot, Eligibility, and Exclusions
8.1 Snapshot
The BPT Snapshot has been taken and is final. It captures BPT balances across 74 addresses on Ethereum Mainnet at the Snapshot Block. The snapshot is reproducible by any third party from public on-chain data. The snapshot shall not be re-taken, and no further BPT acquisitions, transfers, or dispositions occurring after the Snapshot Block shall affect any allocation under this Proposal.
8.2 Excluded Addresses
Two (2) addresses are excluded from the Eligible Supply because each is a protocol-owned liquidity-pool contract that aggregates BPT on behalf of the DAO treasury rather than on behalf of any individual holder. Their BPT is excluded from the eligible-supply denominator, and these addresses receive no allocation. The complete Excluded Address Register, including the rationale for each exclusion, is reproduced at Appendix A.
Without prejudice to §8.1, any address conclusively shown — through verifiable on-chain evidence, publicly available documentation, or admission by a known counterparty — to have been an additional protocol-controlled or contract-aggregated holder at the Snapshot Block, may be added to the Excluded Address Register by a follow-on community ratification before Round 1 launch. No such addition is currently expected.
8.3 Eligible Wallets
The remaining 72 addresses are the Eligible Wallets and are listed in full at §11 with their BPT balance, share of Eligible Supply, and Round 1 USDC allocation. Eligibility is conclusively determined by the Snapshot. No wallet not listed at §11 is eligible to claim under this Proposal.
9. Treasury Disposition and Asset Liquidation Mandate
9.1 Liquid USDC Pool
The Treasury Safe holds 119,758.20 USDC in immediately distributable form. Subject to ratification of this Proposal, the Treasury Safe is authorised to deposit 120,360 USDC into the Round 1 Merkl campaign — comprising 120,360 USDC of net distribution plus the 0.5 % Merkl protocol fee (610 USDC). The fee calculation is reproduced at Appendix B.
9.2 Non-Liquid Asset Liquidation
The Treasury Safe holds a residual portfolio of non-liquid digital assets. The Treasury Safe signers are authorised to undertake the orderly liquidation of this portfolio during the 60–90 day window following the Round 1 launch (the “Liquidation Window”), subject to the following operating principles:
(a) Public venues. All sales shall be executed exclusively on publicly observable on-chain venues (decentralised exchanges, established NFT marketplaces, on-chain auction protocols, or audited OTC routing via public order books). Off-chain, private, or unverifiable counterparty sales are prohibited.
(b) Best-effort price discovery. Where venue depth allows, the signers shall use price-discovery mechanisms (open auctions, time-weighted market orders, or limit orders) appropriate to the asset class and depth. Where depth is structurally absent, the signers may accept lower-than-historical prices in order to convert the asset to USDC within the Liquidation Window.
(c) No market-manipulative conduct. The signers shall not engage in wash trading, self-dealing, manipulation, or any other practice prohibited by applicable law of any jurisdiction in which they are individually resident.
(d) Cost discipline. Gas, marketplace fees, and routing costs shall be tracked, reported, and minimised in a manner reasonable to a person liquidating an estate of equivalent size.
(e) Reporting. The signers shall publish, on the BlackPool governance forum, two formal Wind-Down reports: (i) an Interim Wind-Down Report not later than forty-five (45) days after the Round 1 launch, covering Round 1 claim status, the state of the non-liquid asset liquidation (assets sold, venue, gross and net proceeds), the running Contributor Commission accrual, and any open operational issues; and (ii) a Final Wind-Down Report not later than ninety (90) days after the Round 1 launch, covering the completion of the Liquidation Window, the final Contributor Commission calculation, the Round 1 Forfeiture Amount, and the constructed Round 2 pool. Internal weekly tracking by the signers may continue as operational hygiene but is not a required public deliverable.
9.3 Conversion to USDC
All sale proceeds shall be converted to USDC and held in the Treasury Safe pending Round 2 launch. No portion of the proceeds shall be allocated, deployed, lent, staked, or otherwise economically activated during the Liquidation Window. The signers shall not undertake any new investment, hedge, or speculative position with treasury assets after ratification of this Proposal.
9.4 Treasury Safe Configuration and Signer Continuity
| Parameter | Configuration |
|---|---|
| Treasury Safe address | See §3A |
| Multisignature threshold (M-of-N) | 2 of 5 |
| Signer compensation in connection with the Wind-Down | None |
| Inter-round attestation cadence | Bi-weekly: a signed message from the Treasury Safe (or from a quorum of signers) confirming the Treasury Safe is operational and that no signer key has been reported lost or compromised; published on the BlackPool governance forum |
| Lost or compromised key procedure | Any signer who loses key control or has reason to believe a key has been compromised shall (i) immediately disclose to the other signers and to the BlackPool governance forum, and (ii) initiate the standard Gnosis Safe owner-replacement transaction, which must be approved by the remaining M-of-N signers. No replacement signer shall be added other than via this on-chain procedure. |
| Quorum loss procedure | If at any time the number of available signers falls below M, the signers shall convene a follow-on community vote (under the same parameters as §19) to ratify the appointment of replacement signers before any further Treasury Safe transaction is executed. |
| Material change to multisig configuration | Any change to the M-of-N threshold or to the active signer set, other than a like-for-like key replacement under the procedure above, requires a follow-on community vote ratified under the parameters of §19 prior to execution. |
The Treasury Safe signers act in their personal capacities, as set out at §17.4. Nothing in this §9.4 creates, or shall be construed to create, an employment, agency, or fiduciary relationship between any signer and any Holder, or between any signer and the Association.
9.5 Contributor Commission and Contributor Allocations
As compensation for executing the Wind-Down — including the orderly liquidation of the residual non-liquid asset portfolio, the operational management of the two Merkl campaigns, the production of the Interim and Final Wind-Down Reports, and the inter-round multisig stewardship — individual contributors below shall receive, in aggregate, a Contributor Commission equal to thirty-three per cent (33%) of the net stablecoin proceeds of the Liquidation Window. The Contributor Commission is funded exclusively from net liquidation proceeds (i.e., from USDC realised through the sale of non-liquid assets, after sale fees and gas costs) and is not drawn from the Round 1 pool of 120,360 USDC.
The Contributor Commission is calculated at the conclusion of the Liquidation Window, disclosed in full in the Final Wind-Down Report, and disbursed at or before the Round 2 launch in a single on-chain transaction (or in a coordinated set of transactions) from the Treasury Safe. The Round 2 pool is constructed from the remaining sixty-seven per cent (67%) of net liquidation proceeds, plus the Round 1 Forfeiture Amount.
10. Distribution Mechanism — Merkl Custom Allocation Airdrop
10.1 Selection Rationale
Merkl Custom Allocation Airdrop is selected as the exclusive distribution mechanism because it: (i) requires no off-chain settlement, agency, or paying-agent relationship; (ii) is permissionless and self-service from the Holder’s perspective; (iii) is fully on-chain verifiable, with the JSON allocation file and campaign ID becoming part of the public record; (iv) imposes a single, transparent 0.5 % protocol fee with no recurring obligations; and (v) is a pre-existing, audited mechanism, eliminating the need for the DAO to deploy bespoke distribution code.
10.2 Campaign Configuration
| Parameter | Configuration |
|---|---|
| Campaign type | Airdrop — Custom Allocation (JSON upload via Merkl Studio) |
| Reward token | USDC (0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48) |
| Distribution source | DAO Treasury Multisig (Gnosis Safe) |
| Target chain | Ethereum Mainnet |
| Round 1 deposit | 120,360 USDC (119,758.20 USDC net + 0.5 % Merkl fee) |
| Eligible Wallets | 72 |
| Claim availability | ≈ 12 hours post-campaign creation |
| Merkl fee | 0.5 % — deducted from total deposit |
10.3 JSON Allocation File
The JSON allocation file follows the Merkl Custom Allocation schema and is published in full alongside this Proposal on the BlackPool governance forum. The structural form is:
{
“rewardToken”: “0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48”,
“rewards”: {
“0x98a5622298e3a0e96d54ad885580fe332eb52b9e”: {
“BlackPool DAO Wind-Down Round 1”: “26172090000”
},
“0x45fc41264d9d8ad3f094116dac36263a26e45107”: {
“BlackPool DAO Wind-Down Round 1”: “20951680000”
},
…
}
}
USDC has six (6) decimals; all amounts in the JSON are expressed as strings in base units (e.g., 26,172.09 USDC = “26172090000”). All addresses in the JSON are encoded in EIP-55 checksummed format; non-checksummed addresses cause campaign failure and shall not appear in the published file.
10.4 On-Chain Execution Sequence
-
Token approval. The Treasury Safe approves the Merkl Distribution Creator contract to spend up to 120,360 USDC.
-
Campaign creation. The signers, via Merkl Studio, create an Airdrop campaign with USDC as the reward token and upload the JSON allocation file. Submission is executed from the Treasury Safe.
-
Multisig signing. The required quorum of Treasury Safe signers approves both the approval and the campaign-creation transactions.
-
Go-live. The campaign goes live approximately one (1) hour after execution; tokens become claimable approximately twelve (12) hours after campaign creation.
-
Publication. The campaign ID and the JSON allocation file are published on the BlackPool governance forum and broadcast through the DAO’s official communications channels.
10.5 Self-Custody Architecture
Because Merkl is a pull-based, self-service mechanism, no Holder is at any time required to deposit, transfer, approve, or relinquish custody of any asset to any party in connection with the Wind-Down. Each Holder claims directly from the Merkl smart contract using their own self-custodial wallet, and the redemption flow does not involve any intermediary.
11. Round 1 Allocation Schedule
The schedule below sets out the final Round 1 allocation for each of the 72 Eligible Wallets, computed pro rata against the Eligible Supply of 21,329,877.42 BPT. Total distributed is $149,999.96 with a rounding residual of $0.04, which is absorbed at the Treasury Safe. The schedule is the binding allocation for Round 1 and the same proportions apply to Round 2 (subject to the unclaimed-sweep mechanic described at §12).
| # | Address | BPT Balance | Share % |
|---|---|---|---|
| 1 | 0x98a5622298e3a0e96d54ad885580fe332eb52b9e | 3,721,650.39 | 17.4481% |
| 2 | 0x45fc41264d9d8ad3f094116dac36263a26e45107 | 2,979,311.42 | 13.9678% |
| 3 | 0x4a8a4288de786185b57232dbff83f656427c466f | 2,145,612.34 | 10.0592% |
| 4 | 0x367a52f2a0651dca425db756f6ad2bafc7be1b59 | 1,773,827.42 | 8.3162% |
| 5 | 0xbb0cf2bfdab4851ecc2513994b535d1488303c3d | 1,633,736.05 | 7.6594% |
| 6 | 0x2603bafc55c8533acd0a19ce14b2ae3c49dee80a | 1,039,422.66 | 4.8731% |
| 7 | 0x8b23d16b221981399c1536c31721c8bdca3e98e3 | 1,000,000.00 | 4.6883% |
| 8 | 0xf3115d41057a2857f7fb202ecb1d1c10b4057f35 | 750,000.00 | 3.5162% |
| 9 | 0x7b451bcfdb1e69867938c806643ecc3f2a887931 | 496,562.18 | 2.3280% |
| 10 | 0x53ef6a0c3ef9c1dcf8e3c92959a0db1b897c14f3 | 480,000.00 | 2.2504% |
| 11 | 0x651802633358be084d45e5634029fbbb0339398f | 384,534.10 | 1.8028% |
| 12 | 0x261c0effcffd83499197a22d9eb524b3ccf6f0d5 | 380,549.07 | 1.7841% |
| 13 | 0x7e7dd445af8edc1cafbda8779208e1b425b3c7ac | 367,126.78 | 1.7212% |
| 14 | 0xf80421b58ef83968f6f9d31f3ffc46ba2d4f1f60 | 330,111.30 | 1.5476% |
| 15 | 0xa2f27f3d6235de943d3a199e97ea5ff6d0d98dbf | 300,000.00 | 1.4065% |
| 16 | 0x0b096d1f0ba7ef2b3c7ecb8d4a5848043cdebd50 | 265,326.16 | 1.2439% |
| 17 | 0x681daee9fff374e7b95c0794bb3ae4468c234201 | 192,529.60 | 0.9026% |
| 18 | 0x58fd6d6fc853d6a4c914c8ae5b8b391b9e76641c | 190,067.30 | 0.8911% |
| 19 | 0x2f707265e61300e8290c18e38ebcbd129fb0b0f5 | 150,764.37 | 0.7068% |
| 20 | 0x301183243318fd0d9c47fc4095659347377e61ed | 150,000.00 | 0.7032% |
| 21 | 0xc540b6748f64547e213f8e4dbe84f23da416794c | 139,358.72 | 0.6533% |
| 22 | 0x145551ee6cc7ebc20aa76a96c1dceca343f53e4a | 131,298.90 | 0.6156% |
| 23 | 0x9352dabce9bc2e748c9a70530ec10b8e60ed380d | 125,000.00 | 0.5860% |
| 24 | 0x46c5098f73fa656e82d7e9afbf3c00b32b7b1ee2 | 122,328.33 | 0.5735% |
| 25 | 0xfaa2315560a002dc80e3bed4c7e900e85be4d9fd | 114,488.74 | 0.5368% |
| 26 | 0xf840f3ee161756cec04a64d25eb497c557950935 | 102,515.77 | 0.4806% |
| 27 | 0x266f853bc77371c341ceaeb92c87b069508c7767 | 91,420.06 | 0.4286% |
| 28 | 0x05c199a2509d257ce4a4796f06215064d0def802 | 91,180.03 | 0.4275% |
| 29 | 0x01f5513528ca5371b2fb497cd3146ee8f8854a85 | 91,111.35 | 0.4272% |
| 30 | 0xeb1eb32720e4394519e37f7cd6bfece457d29356 | 90,500.00 | 0.4243% |
| 31 | 0x54d10eda22b9dea3b8430967405198cc23a7e1f2 | 71,275.09 | 0.3342% |
| 32 | 0xd4151c984e6cf33e04ffaaf06c3374b2926ecc64 | 66,036.00 | 0.3096% |
| 33 | 0xabe83bfe7cf7838c3373b2027157e89d5011292f | 65,397.75 | 0.3066% |
| 34 | 0x9ef97f33ff5ceafea8e91b61a7c7fb55706075d1 | 60,850.11 | 0.2853% |
| 35 | 0x329c54289ff5d6b7b7dae13592c6b1eda1543ed4 | 60,521.61 | 0.2837% |
| 36 | 0x9f5e6af744a137c9fefeedfb6b706b0640a57673 | 59,122.23 | 0.2772% |
| 37 | 0xf61b385164fa40da839c70af9c0291dafad359e9 | 57,470.40 | 0.2694% |
| 38 | 0x640e35b6afc3f6ad37bc14792536da06e1c8cc19 | 55,090.25 | 0.2583% |
| 39 | 0xf814d3cccb57be4f66979b8866972b99ed23938c | 50,943.54 | 0.2388% |
| 40 | 0xbf24fa1477fd2c12e50718572dd6bd940358d2e1 | 50,000.00 | 0.2344% |
| 41 | 0x35d3071b3011580e233d1fd4545a1eacdf18f474 | 50,000.00 | 0.2344% |
| 42 | 0xe8645001fb1c7743b38e0162cc2effd8bdc3b358 | 48,192.79 | 0.2259% |
| 43 | 0xcb8bcf7c74c550379bf71830867acdcbdffd744e | 47,067.72 | 0.2207% |
| 44 | 0xd8de4c018fadb5a0cccacb3ebd6a3fe916f224f6 | 45,439.70 | 0.2130% |
| 45 | 0xaa5a7e625b9edb8830b60a9d9d9322a26ca7942c | 44,696.10 | 0.2095% |
| 46 | 0x58a24fa9ae8847cbcf245dd2ef7fcef205927af1 | 40,000.00 | 0.1875% |
| 47 | 0xf6603924c0b3751c2ed3cb57b8eb55170ab18c89 | 39,609.49 | 0.1857% |
| 48 | 0x255f6afc7771c05f1a958360c414ba26d93e9a8b | 37,322.20 | 0.1750% |
| 49 | 0x7eac99f44f7da5a74742bcf78d5a13955d911cc5 | 37,025.62 | 0.1736% |
| 50 | 0x062dcfa15d76c25ad580821c5c398d6e543a1a0b | 31,925.78 | 0.1497% |
| 51 | 0xe6a3b16e73bd666a699e9c4df286bff35b3e62b4 | 31,000.56 | 0.1453% |
| 52 | 0x71574831a8d99fb434b1235c0b746c5ad07b56b1 | 30,744.13 | 0.1441% |
| 53 | 0x9c7b84be5d69bb41a718a4af921e44730a277f90 | 30,333.81 | 0.1422% |
| 54 | 0x8022d66041075ac83d4cbea30a60a6002e3067e1 | 28,069.33 | 0.1316% |
| 55 | 0xac4795d1eec7757f92106828cd0631492c8977a0 | 27,948.23 | 0.1310% |
| 56 | 0xf90bb47b53247aa6324c6f41ac9b26e41a02fad9 | 27,294.89 | 0.1280% |
| 57 | 0x7618329b8d67dd743ef8a2f966d60b4d6f39b18e | 25,836.93 | 0.1211% |
| 58 | 0x49247b938576536c1b9196fcd8404c18a788afdb | 23,399.69 | 0.1097% |
| 59 | 0xb4841091d2822c6b5e0c0c97034b8f718412c1f6 | 22,074.09 | 0.1035% |
| 60 | 0xaa60084b1170bce4b6aaa1c56c1aa5f3dca85923 | 21,835.03 | 0.1024% |
| 61 | 0x485f5df0654c8405d6124821e95f093adec1b16b | 21,574.64 | 0.1011% |
| 62 | 0x50b0c870074a0175fff870792df512c93850d986 | 20,308.12 | 0.0952% |
| 63 | 0xf73d77c9272e1ee498478ad1687721152ca684d8 | 20,276.03 | 0.0951% |
| 64 | 0x5427d6fbe9f35fb91c455928071f60f7a70ce09e | 20,000.00 | 0.0938% |
| 65 | 0xea6b409d7f0e9cb5b0e2b4a67082895eafa98742 | 17,349.67 | 0.0813% |
| 66 | 0xf55ca70ad0955f1bb5a13a84b178653aa10e6f74 | 17,316.77 | 0.0812% |
| 67 | 0x5bbd64de72fed5f329c1c978e40cd70f83bf4ab3 | 16,888.81 | 0.0792% |
| 68 | 0xf0b24ad907a64b49fabed62b17afeb7fd5eb37c2 | 16,356.63 | 0.0767% |
| 69 | 0x81ef475671fdf9279b22b94219a471fe0b7d4619 | 16,349.34 | 0.0766% |
| 70 | 0x1d8db114ece5806f176118bfc630f0b2b2b9d95f | 16,058.56 | 0.0753% |
| 71 | 0x04487655d40e07fecc1b5f388d2323a5a13b2ef4 | 15,542.76 | 0.0729% |
| 72 | 0x470b02f731625ddff9aed9134ce8e18ad36c74ef | 15,000.00 | 0.0703% |
Total distributed (sum of allocations): $149,999.96. Total deposited into Round 1 campaign: $120,360 (incl. 0.5 % Merkl fee). Rounding residual ($0.04) absorbed at the Treasury Safe and reflected in the Round 2 starting USDC balance.
12. Round 2 — Unclaimed Sweep and Final Distribution
12.1 Trigger
Round 2 shall be launched no earlier than ninety-one (91) days and no later than one hundred eighty (180) days after the Round 1 launch date. The Round 2 launch is conditioned on (i) the completion of the Liquidation Window, (ii) the publication of the Final Wind-Down Report under §9.2(e), (iii) the irrevocable sweep of unclaimed Round 1 amounts at T+90 days under §13.3, and (iv) the disbursement of the Contributor Commission under §9.5.
12.2 Pool Construction
The Round 2 pool consists of the sum of (a) the Round 1 Forfeiture Amount — being all Round 1 USDC that remained unclaimed at T+90 days from the Round 1 launch, as observable from the Merkl API; and (b) the net stablecoin proceeds of the Liquidation Window, less the Contributor Commission disbursed under §9.5 (i.e., 67% of net liquidation proceeds). No other treasury source contributes to Round 2.
12.3 Allocation Method
Round 2 allocations are computed pro-rata against the BPT held, at the Snapshot Block, by the Round 2 Eligible Wallets only — i.e., the subset of Eligible Wallets that successfully claimed Round 1 within the ninety (90) day window. The Round 1 pro-rata proportions are not reused; the Round 2 denominator is the sum of BPT held by the Round 2 Eligible Wallets. Holders who failed to claim Round 1 within the 90-day window are not Round 2 Eligible Wallets and receive no Round 2 allocation. The effect is that the unclaimed share of Round 1 (the Round 1 Forfeiture Amount) is, in Round 2, reallocated pro-rata to the Holders who did claim Round 1. This forfeiture mechanic is a material term of the Wind-Down — see §13.3 (Forfeiture Warning) and §15 (Risk Factors).
12.4 Residual Handling
Any USDC that remains unclaimed at the closure of Round 2 shall be addressed in accordance with §6 — i.e., the community shall vote on whether to (a) initiate a third Merkl re-attempt, or (b) recycle the Residual to a publicly disclosed charitable or public-good destination. No Residual shall, under any circumstance, be retained by, transferred to, or distributed for the benefit of the Association, any core contributor in their personal capacity, or any signer in their personal capacity.
13. Holder Claim Procedures
13.1 How to Claim
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Navigate to https://app.merkl.xyz — and only that domain. Verify the URL.
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Connect the exact wallet that held BPT at the Snapshot Block.
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Find your allocation under “My Rewards”, or search for the BlackPool Wind-Down campaign using the official campaign ID published on the BlackPool governance forum.
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Click Claim. The claim is a single transaction; gas is paid by the Holder.
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Verify receipt of USDC in your wallet.
13.2 Key Reminders
- Allocations are tied to addresses. You cannot redirect an allocation to a different wallet without first claiming it. If you no longer control your snapshot wallet, you cannot claim — see §13.3 and §15 (No Recovery).
- Round 1 has a hard ninety (90) calendar day claim deadline from the Round 1 launch date. After T+90 days, unclaimed Round 1 amounts are irrevocably swept into the Round 2 pool, and the unclaiming Holder forfeits the entirety of both Round 1 and Round 2. See §13.3 (Forfeiture Warning).
- Verify URLs and campaign IDs only against the BlackPool DAO’s official channels. Phishing imitations of Merkl are common.
- Gas costs are borne by the Holder. The Treasury Safe does not subsidise claim gas.
ons screening — are strongly encouraged to claim early in the 90-day window rather than late.
13.3 Forfeiture Warning
Hard 90-Day Claim Deadline — Material Forfeiture Risk
A Holder who does not submit a successful Round 1 claim transaction within ninety (90) calendar days of the Round 1 launch date PERMANENTLY AND IRREVOCABLY FORFEITS BOTH (i) the Holder’s full Round 1 allocation, which is swept into the Round 2 pool; and (ii) the Holder’s eligibility for Round 2 in its entirety.
This is a binary outcome — there is no partial forfeiture, no extension, no off-chain remediation, and no exception for lost keys, technical failure, jurisdictional impediment, or any other cause. Holders are solely responsible for verifying submission of a successful Round 1 claim within the window. The Round 1 Forfeiture Amount is reallocated, in Round 2, pro-rata to the Round 2 Eligible Wallets.
Holders who anticipate any difficulty claiming — including (without limitation) Holders with cold storage that is geographically distant, Holders awaiting recovery of compromised wallets, or Holders subject to interim sanctiy.