Rage Quit (2)

Description

This document proposes the implementation of a "Rage Quit" contract for the NounsDAO, which would allow disgruntled members to quit the DAO and receive their book value of the treasury. The proposal addresses concerns that this would make Nouns a security, arguing that the DAO already operates in grey waters in relation to SEC regulations. The contract would be funded in rounds, with the first round consisting of 25% of the treasury. The proposal includes details on the book value calculation and the functions of the contract, which can only be called via prop by the DAO. The proposal also includes funding and transaction details.

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