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IPOP — IPO Participation Proposal

Purpose

To decide whether QVAULT should participate in an ongoing IPO and define the maximum amount to allocate.

This proposal type can only be created when an IPO is active and at least 1,000,000,000 Qu are available in the reinvestment fund.

Required inputs

  • GitHub link
  • Selection of the IPO to which the proposal applies

Voting mechanism

  • Voters choose Yes or N
  • If voting Yes, voters enter the maximum amount (in Qu) they are willing to allocate. The amount must be at least 1,000,000,000 Qu and cannot exceed the available funds in the reinvestment fund at the time of voting.

Approval & allocation logic

  • Quorum required
  • If No votes exceed Yes votes → allocation is 0
  • If Yes votes exceed No votes → the allocated amount is the weighted average of the amounts entered in Yes votes

Execution outcome

If approved, the proposal is executed immediately at epoch end.

QVAULT automatically bids in the IPO, maximizing the number of shares obtained.

Multiple approved proposals of this type may coexist and be effective at the same time, provided sufficient funds are available.