[arP-001] ~250MM Token Burn from Treasury 
Simple Summary:

Burn 250MM token from the multisig treasury reducing the total supply of $Armor by ~25% to 750MM

Aim:

Improve the tokenomics of the governance token, provide peace of mind to our current holders, and generate marketing buzz about Armor.

Motivation:
After review of the total treasury value, the team believed that there is an unnecessary amount of $Armor tokens allocated to the following:

    - Payout of Development Grants
    - Education programs
    - Future Team members
    - Future DAO funding

After discussion on the forums, it is proposed to do a single burn, totaling 250MM tokens in the Armor Treasury. The belief is that this will:

    - Improve tokenomics
    - Be used as a marketing tool to advertise the protocol
    - Improve peace of mind for current users

Overview: These are the current allocations to each program in the treasury:

    - Payout development grants – 120MM allocated.
    - Education programs – 60MM allocated.
    - Future team members/partners – 162MM allocated, ~30MM has been disbursed so far (132MM remaining).
    - Future DAO funding – 175MM allocated.

Cutting each allocation by 50% with an additional 5,773,200 from team funding would lead to a total of 249,273,200 $Armor. The new allocations in the treasury being:

    - Payout development grants – 60MM allocated
    - Education programs – 30MM allocated
    - Future team members/partners – 60,226,800 allocated
    - Future DAO funding – 87.5MM allocated

The 249,273,200 $Armor would then be sent to address 0x000000000000000000000000000000000000dEaD, functionally “burning” the tokens from the supply. This amount, added to the previously 726800 $Armor burned from our previous social burns will equal exactly 250MM $Armor burned and a new total supply of 750MM $Armor.

[arP-001] ~250MM Token Burn from Treasury 

[arP-001] ~250MM Token Burn from Treasury 
Simple Summary:

Burn 250MM token from the multisig treasury reducing the total supply of $Armor by ~25% to 750MM

Aim:

Improve the tokenomics of the governance token, provide peace of mind to our current holders, and generate marketing buzz about Armor.

Motivation: After review of the total treasury value, the team believed that there is an unnecessary amount of $Armor tokens allocated to the following:

- Payout of Development Grants
- Education programs
- Future Team members
- Future DAO funding

After discussion on the forums, it is proposed to do a single burn, totaling 250MM tokens in the Armor Treasury. The belief is that this will:

- Improve tokenomics
- Be used as a marketing tool to advertise the protocol
- Improve peace of mind for current users

Overview: These are the current allocations to each program in the treasury:

- Payout development grants – 120MM allocated.
- Education programs – 60MM allocated.
- Future team members/partners – 162MM allocated, ~30MM has been disbursed so far (132MM remaining).
- Future DAO funding – 175MM allocated.

Cutting each allocation by 50% with an additional 5,773,200 from team funding would lead to a total of 249,273,200 $Armor. The new allocations in the treasury being:

- Payout development grants – 60MM allocated
- Education programs – 30MM allocated
- Future team members/partners – 60,226,800 allocated
- Future DAO funding – 87.5MM allocated

The 249,273,200 $Armor would then be sent to address 0x000000000000000000000000000000000000dEaD, functionally “burning” the tokens from the supply. This amount, added to the previously 726800 $Armor burned from our previous social burns will equal exactly 250MM $Armor burned and a new total supply of 750MM $Armor.

# Accept Ownership of Ease Vaults
The Ease vaults were initially owned by our address for quick adding of vaults. Ownership by DAO is pending at the moment and we just need to accept ownership to make sure only DAO has power over the vaults. This transaction accepts that full ownership.

Armor (ARMOR)

Protocol Information

Development Activity

Token Information

Methodology

Competitors

Include in TVL (optional)
Staking	$30,728

Staked	$30,728