🇫🇷 Disponible en FR dans le deuxième post
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Proposal Summary:

Implementation of an automated distribution system via Sablier.com for the 50,000,000 REG allocated to the RealT team, using an Exponential Cliff distribution model after 1 year of lock-up.

This proposal aims to validate the distribution model for the budget allocated to the RealT team in accordance with the tokenomics presented in early 2024.

Motivation:

The distribution of REG tokens for the RealT team requires a transparent, automated, and secure system. Sablier.com offers an ideal solution with its token streaming model that allows for progressive and programmable distribution.

Context:

The RealT Team budget represents 10% of the total supply, or 50,000,000 REG. According to the tokenomics:

Lock-up period (cliff): 1 year from May 1st, 2024
Vesting period: 4 years after the cliff

The Sablier Exponential Cliff model enables a distribution that:

Begins after a defined lock-up period (cliff)
Distributes tokens exponentially, with larger unlocks towards the end of the period
Ensures automatic and transparent distribution

Implementation Steps:

Creation of the Sablier stream
- Configuration of 1-year cliff (until May 1st, 2025)
- Setting up the exponential curve over 4 years
- Definition of beneficiaries and their respective allocations
Transfer of 50M REG to the Sablier contract
Stream activation on May 1st, 2025

Stream Parameters:

Fonction/Signature: createWithTimestampsLD(address,address,tuple[])
Contract Target : 0x0F324E5CB01ac98b2883c8ac4231aCA7EfD3e750

Calldata (batch):
lockupDynamic -> address : 0x555eb55cbc477Aebbe5652D25d0fEA04052d3971
asset -> address : 0x0AA1e96D2a46Ec6beB2923dE1E61Addf5F5f1dce
batch -> tuple[]:
   sender -> address : 0x3f2d192F64020dA31D44289d62DB82adE6ABee6c
   recipient -> address : 0x5Fc96c182Bb7E0413c08e8e03e9d7EFc6cf0B099
   amount -> uint256 : 50000000000000000000000000
   cancelable -> bool : false
   transferable -> bool : true
   startTime -> uint40 : 1714521600
   segments -> tuple[]: [
      ["0", "1000000000000000000", "1746057600"],
      ["500000000000000000000000", "1000000000000000000", "1746057601"],
      ["49500000000000000000000000", "3000000000000000000", "1872288000"]
   ]
broker -> tuple [address, uint256] : [0x0000000000000000000000000000000000000000, 0]

Parameter Explanations:

Function/Signature: name of the contract function to call
Contract Target: the Sablier contract called to create the stream
Calldata (batch): stream creation parameters
- lockupDynamic: the Sablier contract that will manage the distribution
- asset: the token to distribute (REG)
- sender: the contract that will send tokens and initiate the stream (DAO Treasury Contract)
- recipient: the contract that will receive the tokens (RealT Team)
- amount: quantity of tokens to distribute (50,000,000 REG)
- cancelable: true if the stream can be canceled by the initiator
- transferable: true if the stream can be transferred by the beneficiary
- startTime: lock start date (May 1st, 2024)
- segments: distribution parameters
- segment 1:
  - 0: quantity of tokens to distribute during the segment
  - 1000000000000000000: segment exponent = 1 in decimal (1000000000000000000 = 10¹⁸)
  - 1746057600: segment end timestamp (May 1st, 2025)
- segment 2:
  - 500000000000000000000000: quantity of tokens to distribute during the segment (500,000 REG)
  - 1000000000000000000: segment exponent = 1 in decimal (1000000000000000000 = 10¹⁸)
  - 1746057601: segment end timestamp (May 1st, 2025)
- segment 3:
  - 49500000000000000000000000: quantity of tokens to distribute during the segment (49,500,000 REG)
  - 3000000000000000000: segment exponent (3000000000000000000 = 10¹⁸)
  - 1872288000: segment end timestamp (May 1st, 2029)
- broker: for intermediaries who would take fees on the stream

In conclusion, on May 1st, 2024, the lock-up period began, and on May 1st, 2025, 500k REG will be released to allow RealT to allocate tokens to its employees (allowing does not necessarily mean distributing).
The distributions of this budget are at RealT's discretion, which can subject them to various conditions or make them free.
Released REG are not used for governance by RealT; only REG on the governance participation address are used for this purpose.
From May 1st, 2025, to May 1st, 2029, 49.5 Million REG will be released through the exponential stream. This distribution method allows for progressive and equitable token distribution while enabling lower release at the beginning of the vesting period, allowing the community to grow, REG to obtain new use cases, and respond to RealT team growth.

Team:

RealT technical team for proposal configuration

Budget:

50,000,000 REG from RealT Team budget
Gas fees for Gnosis Chain transactions

Financial Implications:

Positive:

Automated distribution reducing management costs
Complete transparency for the community
Protection against massive dumping
Controlled release guaranteed by Sablier Smart Contract

Negative:

Transaction complexity

Roadmap:

1 week of forum debate
1 day of onChain consultation
7 days of voting
2 days security queue

Objectives:

Ensure fair, transparent, and defined distribution
Align team's long-term interests with the project
Reduce risks of massive dumping
Automate distribution management

Success Metrics:

Uninterrupted technical operation of the stream
Adherence to cliff and vesting periods
Team and community satisfaction
REG price stability during distribution period

Mission Alignment:

This proposal aligns with RealT's principles of transparency and decentralization while protecting community interests through controlled distribution.

Key Terms:

Cliff: Initial one-year lock-up period
Exponential vesting: Progressive distribution following an exponential curve
Sablier: Token streaming protocol enabling programmable distributions
Stream: Continuous token flow configured on Sablier

Resources to Learn More:

📍 CHECK-LIST: ( 🔲 : under discussion / ✅ : finalized / ❎: not applicable )
✅ Proposal Summary
✅ Motivation
✅ Context
✅ Implementation steps
✅ Team
✅ Budget / Allocation
✅ Roadmap
✅ Objectives
✅ Key terms