# ARL-001: Foundation — Backable decision market

> Companion to https://www.backable.biz/decision/GEceJFcxQtY2epA6hp4zvjTr94umRRQvd9Tb2czngmEm
> TWAP figures are evidence, not advice. The platform has no opinion on whether this should pass.

## The question

ARL-001: Foundation

## Verdict

- headline: FAIL finalized
- pass TWAP: $0.001492
- fail TWAP: $0.001600
- threshold: 3.00%
- status: Failed
- window: Oct 6 – Oct 9

## The proposal (founder voice)

### 1. Finalize issuance and revoke mint authority

Establish ARL as a **scarcity asset**: once issuance is complete, its total supply can only decrease through burning. Further minting, including replacing burned tokens, will no longer be possible.

A Solana mainnet check on **September 30, 2026** confirmed a total supply of **25,790,675.160936 ARL**, with **6 decimal places**. This is total supply, not an estimate of circulating supply.

| Item | Amount in ARL |
| :--- | ---: |
| Current total supply | 25,790,675.160936 |
| Additional issuance | **74,209,324** |
| Total supply after execution | **99,999,999.160936** |

The additional issuance is rounded down to a whole ARL amount. Both the new issuance and all allocations use whole tokens; the fractional portion of the existing supply is preserved. The resulting total supply remains **strictly below 100 million ARL**.

The additional tokens are minted to the DAO treasury's ARL token account. **After minting is complete, mint authority is set to `None`**, permanently removing the ability to issue new ARL. Mint authority is not transferred to another wallet.

Execution order: create the treasury's ARL token account if it does not exist; mint 74,209,324 ARL; revoke mint authority; complete the allocations. Before preparing executable instructions, recheck total supply and confirm that it will remain strictly below 100 million ARL after minting. If the existing supply changes, the calculation and proposal amounts must be updated before execution.

### 2. Transfer 20 million ARL to the team wallet

Transfer **20,000,000 ARL in a single transfer** from the DAO treasury to the team wallet's ARL token account listed below.

| Purpose | Amount in ARL |
| :--- | ---: |
| Retroactive airdrop for early participants | 10,000,000 |
| Team needs and project development | 10,000,000 |
| **Total transferred to the team wallet** | **20,000,000** |

The retroactive airdrop pool is transferred to the developers for subsequent distribution to participants. Individual allocations and the distribution schedule are not defined by this proposal.

The team allocation is intended for development, project utility functions, OTC transactions to raise funds, and the continued development of Areal Finance. The transfer to the team wallet is made without vesting. After the transfer, these 20 million ARL are controlled by the team wallet and are not part of the DAO treasury reserve.

### 3. Keep the remaining tokens in the DAO treasury

After the transfer to the team, **54,209,324 ARL** from the additional issuance remains in the treasury.

**Allocation of the new issuance:** 74,209,324 ARL = 20,000,000 ARL to the team + 54,209,324 ARL retained in the DAO treasury.

The previously issued **25,790,675.160936 ARL** is not reallocated by this proposal. Tokens held by holders and the liquidity pool are excluded from the calculation of the new treasury reserve.

Establish the following rule for the ARL reserve: **any use requires an approved Futarchy proposal**. This applies to transfers, OTC transactions, development allocations, and burns. Each proposal must specify the amount, recipient, terms, and intended use of funds. Direct spending of this reserve by the team outside the proposal process is not provided for.

The existing USDC operating spending limit is separate and is not changed by this proposal. The rule above therefore applies to the ARL reserve; it does not assert that no other spending mechanisms exist for all DAO assets.

## Diligence prompt

Read https://www.backable.biz/decision/GEceJFcxQtY2epA6hp4zvjTr94umRRQvd9Tb2czngmEm and https://www.backable.biz/docs/decision-markets. Tell me, in one page:
1. What executes if PASS finalizes (the decoded instruction, not the writeup).
2. Whether the question is bettable — a stranger could take a side.
3. What the current TWAP delta is versus the threshold, and how much time is left.
4. What I lose in each world if I buy pass or fail.