# Early Participant Rewards and RWT Retirement — Backable decision market > Companion to https://www.backable.biz/decision/Ga9kSRYnbgiLxPKQjnCmuJXCuCkHEMbCnUVJJ4xCxe6i > TWAP figures are evidence, not advice. The platform has no opinion on whether this should pass. ## The question Early Participant Rewards and RWT Retirement ## Verdict - headline: FAIL finalized - pass TWAP: $0.002151 - fail TWAP: $0.002258 - threshold: pass must clear fail −3% - status: Failed - window: Oct 10 – Oct 13 ## The proposal (founder voice) ### 1. Purpose and issuance This proposal recognizes the early participants who supported Areal Finance during its test phase and provides a defined transition from RWT to ARL. Mint **exactly 5,000,000 ARL** to the ARL token account owned by the designated Areal Finance team wallet: `ApDQBVjwy47EAffSehF8k18orUbJaLSURVEdx95bV8oA` The team receives these tokens solely to fulfill the early-participant reward obligations under this proposal. This allocation is not team compensation. After the submission deadline and reconciliation of eligible deposits, the team will use it to fund individual Streamflow vesting contracts. Any part of the reward pool that is not allocated must be transferred from the team wallet to the Areal Finance DAO treasury after reconciliation. Amounts recovered under the inactivity rule also return to that treasury. ### 2. Eligible tokens and reward calculation The following Solana mainnet tokens are accepted: | Token | Mint address | Reward rate | | :--- | :--- | ---: | | RWT | `RWTeFt9M635Tf6w6yveAoXQR2ZwfXs7MfA7W3grDuGT` | 200 ARL per RWT | | stRWT | `sRWTy1bkqvRegb31RETanhbAtJ7eXN6XsTvaqBRh6kA` | 2,000 ARL per stRWT | **Reward in ARL = 200 × (RWT received + 10 × stRWT received).** For example, a participant who sends 10 RWT and 0.5 stRWT receives an allocation of **3,000 ARL**. Amounts are based on actual token quantities received, including fractional tokens. Multiple eligible deposits from the same wallet are combined into one allocation. Each transfer is counted once. **Excluded wallet:** `EqxYPE56ufF8iZxsQYnKF8579YPXWGv8adS3FyrK9GRZ` **All RWT and stRWT held by this wallet are excluded from participant rewards**, including tokens in token accounts owned by this address. The exclusion applies to the entire balance, regardless of whether tokens are held for liquidity, team use or another purpose. Deposits from this wallet do not qualify. This is an address-based exclusion. No fixed excluded amount or separate liquidity deduction is specified. RWT backing stRWT already counted in a participant allocation must not be counted again. The **5,000,000 ARL** pool covers **25,000 RWT-equivalents** at the stated rate. The final participant register must fit within that pool after applying the exclusions. Any remaining discrepancy must be resolved before funding contracts; this proposal does not authorize automatic dilution of the reward rate, additional issuance or additional treasury spending to cover a shortfall. ### 3. How participants qualify Participants must send their eligible **RWT and/or stRWT** on **Solana mainnet** to the following collection wallet: `8oDmsqRtXfrAFADfGjiEBPrdsFLWVnH73CTkScBbwkhN` **Deadline: 30 November 2026, 23:59 UTC (GMT).** The full final minute is included: the on-chain transaction must have a timestamp earlier than **1 December 2026, 00:00:00 UTC** and reach finalized status before reconciliation is completed. Use a personal wallet that the participant controls and keep the transaction signature. The ARL vesting recipient will be the owner of the source token account from which the accepted tokens were sent, rather than the transaction fee payer. Deposits from exchanges or pooled custodial accounts cannot be reliably attributed to an individual participant through this process. Only transfers of the two exact mints listed above qualify. Participants should send tokens only after this proposal has passed and the collection process has been officially announced. **Transfers received after the deadline will not be counted.** Any reward entitlement corresponding to RWT or stRWT not submitted on time will be treated as **unclaimed and forfeited**. The corresponding unallocated ARL must be transferred to the Areal Finance DAO treasury as specified in Section 1. A late transfer does not restore eligibility or create a right to receive ARL. **The RWT and stRWT exchange into ARL closes permanently at the deadline. No subsequent exchange, late claim for conversion or additional migration window will be available through Areal Finance.** Participants whose qualifying deposits were submitted on time will continue to receive and claim their ARL under the vesting and inactivity rules in this proposal. The collection wallet receives the legacy tokens. ARL rewards are issued separately through vesting contracts; depositing RWT or stRWT does not produce an immediate ARL transfer. ### 4. Reconciliation and distribution After the deadline, the team will verify finalized deposits, aggregate each participant's RWT-equivalent amount and publish a distribution register containing: - Recipient wallet and supporting deposit transaction signatures. - Accepted RWT and stRWT amounts. - Total RWT-equivalent amount and resulting ARL allocation. - The funded Streamflow contract address and its unlock schedule once created. The reconciliation must apply the excluded-wallet rule in Section 2 and prevent double counting of RWT backing stRWT. The register must reconcile the total allocation with the approved reward budget before contracts are funded. Reward allocations are calculated at the published fixed rates. Any indivisible rounding remainder is retained for the participant's final installment. ### 5. Vesting and monthly claims Rewards will be distributed through [Streamflow](https://streamflow.finance/) on Solana mainnet using the existing ARL mint: `6JSXRGMH6wNiukuLi4x6rSHazJMQL51WGbzirXxsmeta` | Term | Rule | | :--- | :--- | | Start | The actual creation time of each participant's vesting contract | | Duration | 24 monthly vesting periods | | Unlocks | One twenty-fourth of the allocation per period, subject to token precision | | First unlock | At the end of the first monthly period; no upfront unlock | | Claims | Manual claims of available ARL through Streamflow | | Final unlock | Any remaining rounding amount is included in the final installment | | Auto-Claim | Disabled for this distribution | For this proposal, a monthly period follows Streamflow's standard interval of **30.4 days**. The full schedule therefore consists of 24 such periods (**729.6 days**), rather than variable-length calendar months. Exact UTC unlock timestamps will be published for each contract. Participants may claim available tokens after each unlock. They can accumulate more than one installment, subject to the inactivity rule below. ### 6. Three-month inactivity rule If a participant makes no successful claim for **three consecutive monthly periods**, the distribution administrator is authorized to recover **the entire ARL balance still remaining in that participant's contract** for the Areal Finance treasury. This includes both unlocked but unclaimed ARL and ARL scheduled to unlock later. For this rule: - Before the first claim, the inactivity period starts when the first installment becomes available. - After a successful claim, it starts again from that claim's on-chain timestamp. - A claim means an actual withdrawal of a positive amount of ARL to the participant. Connecting a wallet or opening the Streamflow app does not count. - Three monthly periods equal **91.2 days** under the schedule defined above. - Immediately before recovery, the administrator must recheck the latest claim. A successful intervening claim resets the inactivity period. ARL already withdrawn by the participant is not recovered. After the remaining contract balance has been recovered, the participant has no further entitlement to that recovered allocation under this program. Recovery is an administrator-executed on-chain action after verification of inactivity. It is not represented as an automatic expiry feature built into a standard Streamflow vesting contract. Each recovery must be recorded publicly with the recipient, the relevant claim timestamps, the recovered amount and transaction signatures. ### 7. Retirement of RWT RWT will be retired as an Areal Finance project token at the end of this migration process. The associated stRWT token will also cease to be supported within the project. ARL becomes the token used for the project's ongoing governance and utility. Legacy tokens collected under this program will be kept out of circulation and will not be redistributed. After the submission deadline, Areal Finance will no longer accept RWT or stRWT for exchange into ARL. Tokens retained by holders or transferred late carry no further conversion entitlement; the corresponding rewards are treated as unclaimed under Section 3. Retirement ends project support; it does not erase token balances from the Solana blockchain. # Implementation Notes These notes explain the implementation required to honor the proposal. No minting, token transfer or contract creation is performed by this document itself. ### Minting and distribution Mint the **5,000,000 ARL** directly to the ARL token account owned by the designated team wallet, which will fund and administer the Streamflow distribution: `ApDQBVjwy47EAffSehF8k18orUbJaLSURVEdx95bV8oA` The team wallet is the recipient of this issuance, not the mint authority. This proposal does not authorize a change of mint authority. The DAO treasury owner, which receives unallocated rewards and recovered balances, is: `E45yD8h2ZsJdHFMPdowKvrC6gS9BgrcansUwHDEDokiF` The DAO governance account is: `5BhKSFDV3mNzUxCaAyMZtbakhkbApwzLBD4gnQmNoz3Z` A finalized Solana RPC check on **10 October 2026**, at slot **455240334**, confirmed that the ARL mint has **6 decimals** and that its mint authority is the treasury owner above. The mint instruction amount for this proposal is therefore **5,000,000,000,000 base units**. Recheck the mint authority before preparing execution instructions. The mint and funding operations require the appropriate governance-authorized transactions. If the proposal is submitted with only a Memo instruction, that Memo records the decision but does not execute those operations. ### Recovering the full remaining balance in Streamflow Streamflow's ordinary **Cancel** action returns locked tokens to the sender but pays already unlocked tokens to the current recipient. Cancellation alone therefore does not implement the recovery rule approved here. [Streamflow cancellation documentation](https://docs.streamflow.finance/en/articles/9674831-cancel-contract). The intended recovery route is to configure **Only Sender** recipient-change permission and sender cancellation permission from the outset. The designated team wallet is the sender and distribution administrator. After verifying inactivity, it changes the recipient to the Areal Finance treasury, then cancels the contract. Streamflow documents that a recipient change transfers both future unlocks and unlocked, unclaimed funds. Any ARL returned to the team wallet on cancellation must then be transferred in full to the DAO treasury, so that the entire recovered balance reaches the treasury. [Streamflow recipient-transfer documentation](https://docs.streamflow.finance/en/articles/9670549-transfer-contract). The administrator's permission to change recipients or cancel contracts is restricted by this proposal to the specified inactivity recovery process. This is an administrative restriction; the standard contract permissions themselves do not enforce the three-period condition. Validate the transfer-then-cancel sequence, including a contract with previous partial withdrawals, before funding participant contracts. Where supported, execute both operations atomically. Do not describe the recovery mechanism as deployed or automatic until it has actually been implemented and verified. ### Budget and operating costs The 5,000,000 ARL issuance is the participant reward pool. Streamflow fees and Solana transaction costs must be budgeted separately and must not reduce the stated participant reward rate. This proposal does not authorize extra issuance to pay fees. Publish and obtain any required approval for the operating budget before funding contracts. [Streamflow fees](https://docs.streamflow.finance/en/articles/9675153-individual-vs-business-costs-of-using-streamflow). Total mint supplies are not eligible participant balances. Calculate rewards from accepted deposits after applying the excluded-wallet rule in Section 2 and eliminating double counting of RWT backing stRWT. No additional fixed liquidity amount is deducted from the participant calculation. Streamflow's documented 30.4-day monthly interval is the basis for the vesting and inactivity periods in this draft. [Streamflow vesting configuration](https://docs.streamflow.finance/en/articles/9670413-create-a-vesting-contract). ## Diligence prompt Read https://www.backable.biz/decision/Ga9kSRYnbgiLxPKQjnCmuJXCuCkHEMbCnUVJJ4xCxe6i 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.