Around 5hrs ago , @themutualfun unlocked some new prospectus on the TMF website
https://t.co/t3cDi8v1qU
So i sat down for hours collating notes on how these changes will the community:
If you hold Dengs, this is the part that actually changes the math for the community.
-The prospectus drop plus the Deng snapshot means long-term holders who delist and link wallets before the cut-off get higher credit rates when they tender for TMF Passes.
Those passes burn into Seats in the five funds, so the people who stayed unlisted and locked their wallets early are the ones who can mint at the base rate and still keep their Dengs returned later. Short-term flippers and anyone still listed score the floor rate, which protects the people who treated the collection as a hold rather than a quick sale.
- Once the Seats goes live, weekly votes on what the funds buy and the continuation vote every thirteenth week put the direction in holdersโ hands instead of a team wallet.
Dividends land in the Briefcase tied to the Seat, so they move with the NFT if you sell it. Capped at 4,001 Seats total and no new mint after the window, the supply cannot be diluted later.
The open market for Seats runs on $TMF with no team allocation on the token, so secondary trading stays between holders.
-For the Deng community specifically, the snapshot turns an existing NFT into an entry ticket without forcing a permanent burn. You tender, collect the credits, mint the Seats if you want them, and the Dengs come back to the linked wallet after the window. That keeps the original collection intact while giving holders a direct path into the on-chain funds and the voting rights that come with them. Delist and link before the snapshot if you want the better rate; after that the credits lock to whatever the chain sees.
I am still working more and exploring what @themutualfun by @Kingpickle have in store for us
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