the dao's first move: your drops, put to work

Moin! On Sunday, October 11, at 21:48 UTC, the moin dao put up its first proposal. Proposal 1 takes part of the treasury your drops built and turns it into the first thing the dao owns that can earn on its own: a MOIN/USDC pool. This post is the big picture, in plain words. The proposal 1 post has every step, number and risk.

First, thank you: every redirected drop made this possible. You built this.

how we got here

• MOIN is a community takeover (CTO) memecoin on pump.fun. pump.fun shares part of MOIN's trading fees with holders, in SOL, a few times a day. We call those drops.
• The vault lets you send your drops to the moin dao's treasury instead of your wallet, while your MOIN stays yours.
• Every SOL you redirect is a vote in the dao, which runs on Realms, on Solana itself.
• The treasury grew, fast. As of October 11, a week after the vault went live, it holds almost 7.9 SOL, nearly all of it your redirected drops.

the big step

Proposal 1 is the dao's first real move with that SOL:

• 5 SOL goes to work. It buys MOIN and USDC, half each, and a little more pays the rent for the new accounts.
• About a third of the treasury stays put as the dao's reserve: 2.70 SOL. The team won't propose paying it out, and every payout it proposes checks on Solana that the treasury keeps at least that much. As drops come in, the reserve grows back toward half of the treasury.
• Both go into a new MOIN/USDC pool on Meteora that the dao itself owns.

Holders vote for 3 days, from Sunday, October 11, 21:48 UTC to Wednesday, October 14, 21:48 UTC. If it passes, the keeper, the small wallet that also sweeps drops into the treasury, carries it out about 20 minutes after the votes are counted, and the pool goes live on Wednesday, October 14 (UTC).

the pool, explained

A liquidity pool holds two tokens side by side, here MOIN and USDC. Traders swap one for the other against it, and every trade pays the pool a fee.

The 5 SOL buys MOIN and USDC, half each, and both go into the pool. The dao's place in the pool belongs to its treasury: only a passed proposal can collect its fees, take the MOIN and USDC back out, or close it. The fees come in USDC, and how much comes in is uncertain. When MOIN's price moves a lot, the dao's share can end up worth less than just holding the same MOIN and USDC: the risks in the proposal 1 post put numbers on it.

why it matters

So far the dao's only income is the SOL drops holders redirect to it. This proposal turns part of that SOL into the first thing the dao owns that can earn on its own: this MOIN/USDC pool, which takes a fee in USDC on every trade through it. The pfp drop proposal (next week) adds a second: the moin pfp collection, which pays the treasury a 5% royalty on sales. That way the dao's income no longer rests on redirected drops alone, and the moin ecosystem starts building its own economic assets, linked so one can feed the next: the pool's USDC fees can feed USDC rewards for stakers, an upcoming proposal. None of this is a promised return. It also gives MOIN a second place to trade, against USDC.

how staking would work

Staking is planned for an upcoming proposal. Nothing here is live yet, and it only happens if holders vote it through.

• Today, the vault sends 100% of the drops of the MOIN in it to the dao, and they become your dao votes. Staking would be a commitment on top: you'd commit that MOIN for 30, 60 or 90 days with a free signed message. Nothing moves, and your MOIN stays yours.
• Stakers would share 30% of everything the dao actually received each week, everyone's redirected drops plus the pool's fees, paid in USDC through a claim page. You'd see your share grow day by day.
• Weights: the MOIN you commit times your term: 30 days counts ×1, 60 days ×1.5, 90 days ×2. The ×1 part would be paid every week; the extra for 60 or 90 days when the term ends, and lost if you leave early.
• The other 70% would stay with the dao: 3% for the community tip jar, 1% for operation costs, then the dao's costs, the treasury and the pool.

An example, at October 11's numbers (estimates, rounded, not promises): about 300M MOIN in the vault brings the dao about 13.5 SOL a week, roughly $4.85 for every 1M MOIN, so stakers would share about $440 a week. If everyone in the vault staked for 30 days (×1), that's about $1.50 a week per 1M MOIN, roughly 30% of what that MOIN's own drops bring the dao; if a third staked, about $4.40. A 90-day staker (×2) would get twice that. The fewer who stake, or the longer they commit, the bigger each staker's slice.

Be clear about it. Payouts would follow what the dao actually receives, so they can be small or stop, and there's no fixed return. The first would come after a month of the pool's income. And if you'd rather keep your own drops, keep that MOIN outside the vault. How staking would work has the details, and the FAQ answers what's staking.

what's next

These are plans, not promises, and holders vote on each one.

• The moin pfp drop. A proposal next week would pay for it: one moin pfp per wallet that kept 100,000 MOIN or more redirecting for 30 days in a row. The pfp drop post says how to get yours.
• The ideas board. Redirectors post ideas any time, everyone with dao votes votes on them, and the team puts ideas it picks up to a dao vote.

Here's the loop. Your drops build the treasury. The treasury builds the pool. The pool's USDC fees can feed the stakers' rewards. And stakers keep their MOIN in the vault, where its drops keep building the treasury.

how to take part

• Redirect your drops on the vault page. Every SOL they bring the dao is a vote that stays yours.
• Vote on proposal 1 on the dao page until Wednesday, October 14, 21:48 UTC. It passes when votes worth at least 10% of all votes say yes, and yes beats no.
• Comment on the proposal's page, linked from the dao page, if you hold at least 100 MOIN, counting your redirect account.
• Vote on ideas, or post one, on the board, any time. Your dao votes count on every idea you back; posting takes a redirect in the last 30 days: who can.
• Say moin on Telegram (opens in a new tab) and X (opens in a new tab).

being honest

• No promised returns. There's no fixed rate and no promised amount, from the pool or from staking. Both follow what the dao actually earns, and that's uncertain.
• It's an experiment, run by holders' votes, and the team still holds keys that matter. The proposal 1 post lays out every risk and what the team can and can't do, and the FAQ answers who can spend the treasury.

thank you

To everyone who redirected a drop or told a friend about the vault: in one week you built a treasury, and now it makes its first move. What happens next is yours to decide. Moin!

Nothing here is financial advice. Crypto is risky, memecoins especially: never put in more than you can afford to lose.