# Proposal to execute first FORTH mint **URL:** \ **Category:** Ampleforth Governance\ **Created:** [March 25, 2022, 8:57pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393 "2022-03-25T20:57:25Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![Brandon](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/brandon/32/301_2.png) [@Brandon](https://forum.ampleforth.org/u/Brandon)\ **Post date:** [March 25, 2022, 8:57pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/1 "2022-03-25T20:57:25Z")
## Simple Summary This is a proposal to execute the first minting of the FORTH token, to the Forth DAO treasury, for the full 2% allowed. ## Abstract The [FORTH token](https://etherscan.io/token/0x77fba179c79de5b7653f68b5039af940ada60ce0) allows up to 2% inflation per year. Minting is controlled by the `minter` role, which is currently the FORTH governance system. The 2% amount is a ceiling, so a mint operation may be less than that or skipped entirely. The first mint may occur any time after April 1st, 2022. The [Forth DAO Timelock](https://etherscan.io/address/0x223592a191ecfc7fdc38a9256c3bd96e771539a9) will be used as the treasury address. ## Motivation Minting to the DAO treasury will provide capital for the DAO to deploy or invest as it sees fit. This includes activities such as: - Funding protocol operations - Grants to encourage development of the Ampleforth protocol and broader Elastic Finance ecosystem - Investing to generate yield and grow the DAO treasury for long term sustainability - Provide incentives for liquidity and market growth This proposal does not touch on any particular use for these tokens, but it does unlock the Forth DAO to begin those conversations and activities through subsequent proposals. This mint would mark the first funding event for the Forth DAO and would provide 300,000 FORTH tokens worth ~$2.1M at todays market price. Separately and independently, the end of the [FORTH claim program](https://www.ampleforth.org/governance/claim/) on April 16th will be a second funding event where the unclaimed tokens will be recovered to DAO control. This will result in an additional ~$25M of FORTH tokens awarded to the DAO treasury. ---
**Author:** ![sunbreather](https://avatars.discourse-cdn.com/v4/letter/s/f04885/32.png) [@sunbreather](https://forum.ampleforth.org/u/sunbreather)\ **Post date:** [March 25, 2022, 9:19pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/2 "2022-03-25T21:19:20Z")
This is a great idea. Between this and the unclaimed forth the community can finally decide how to best use the funds to grow the ecosystem. If we feel more marketing is needed great! More devs needed to build new tools? We can make that happen. Want to sponsor hackathons and enable other incentives to attract talent and grow the ampl system, we can do that too. This is a great first step in putting the power in the peoples hands. Love to see it. ---
**Author:** ![John\_JD](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/john_jd/32/215_2.png) [@John\_JD](https://forum.ampleforth.org/u/John_JD)\ **Post date:** [March 25, 2022, 9:29pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/3 "2022-03-25T21:29:46Z")
I agree we should execute the first mint the Full 2% to the treasury of the DAO. ---
**Author:** ![Guz\_MassAdoption](https://avatars.discourse-cdn.com/v4/letter/g/ba9def/32.png) [@Guz\_MassAdoption](https://forum.ampleforth.org/u/Guz_MassAdoption)\ **Post date:** [March 25, 2022, 9:34pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/4 "2022-03-25T21:34:45Z")
This could be the catalyst needed to kick off FORTH DAO initiatives and overall community participation! Totally in favor of this proposal. Maxing out on the inflation amount for the year + reclamation of FORTH on April 16 will supply the DAO enough funds to ideate, experiment, and deploy necessary/auxiliary tooling, protocol improvements, or other miscellaneous endeavors/ventures the community deems imperative. ---
**Author:** ![ducc](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/ducc/32/82_2.png) [@ducc](https://forum.ampleforth.org/u/ducc)\ **Post date:** [March 25, 2022, 9:58pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/5 "2022-03-25T21:58:37Z")
I support the full 2% mint for this first year. Having more FORTH owned by the treasury is good for drawing attention to the DAO. ---
**Author:** ![Air](https://avatars.discourse-cdn.com/v4/letter/a/df705f/32.png) [@Air](https://forum.ampleforth.org/u/Air)\ **Post date:** [March 26, 2022, 12:54am UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/6 "2022-03-26T00:54:32Z")
Great proposals! It can be expected that FORTH will grow healthily and strongly with the function of FORTH DAO. ---
**Author:** ![Vihtori](https://avatars.discourse-cdn.com/v4/letter/v/edb3f5/32.png) [@Vihtori](https://forum.ampleforth.org/u/Vihtori)\ **Post date:** [March 30, 2022, 2:49pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/7 "2022-03-30T14:49:14Z")
Excellent idea… I guess some of these funds could be used to improve the general appearance of the website, dashboard, geyser, etc. and to develop features/apps to make AMPL more approachable to new users. ---
**Author:** ![Brandon](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/brandon/32/301_2.png) [@Brandon](https://forum.ampleforth.org/u/Brandon)\ **Post date:** [March 30, 2022, 10:15pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/8 "2022-03-30T22:15:46Z")
There appears to be broad support and the topic has been open for 5 days. The temperature check is posted now at: [https://signal.ampleforth.org/#/proposal/0xf56fe1c61c1d760e655c2193c6ccebe9f33bc487af4b8518bcce1fc93ccb3c33](https://signal.ampleforth.org/#/proposal/0xf56fe1c61c1d760e655c2193c6ccebe9f33bc487af4b8518bcce1fc93ccb3c33) Voting will go live tomorrow! ---
**Author:** ![Brandon](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/brandon/32/301_2.png) [@Brandon](https://forum.ampleforth.org/u/Brandon)\ **Post date:** [April 4, 2022, 11:13pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/9 "2022-04-04T23:13:46Z")
The signal vote passed, so I’ve submitted the binding onchain vote here: > **[Ampleforth | # Execute First FORTH Mint](https://www.tally.xyz/governance/eip155:1:0x8a994C6F55Be1fD2B4d0dc3B8f8F7D4E3a2dA8F1/proposal/3)** > > Execute First FORTH Mint > Execute the first minting of the FORTH token, to the Forth DAO treasury, for the full 2% allowed. > > Forum Discussion: > > \[https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393\]( Please vote when it goes live! ---
**Author:** ![Brandon](https://yyz2.discourse-cdn.com/flex030/user_avatar/forum.ampleforth.org/brandon/32/301_2.png) [@Brandon](https://forum.ampleforth.org/u/Brandon)\ **Post date:** [April 21, 2022, 6:24pm UTC](https://forum.ampleforth.org/t/proposal-to-execute-first-forth-mint/393/10 "2022-04-21T18:24:50Z")
The minting [has executed](https://etherscan.io/tx/0x72cfb5ed5cc4c221ba0ba9386a5737cf66b7fbdfbad6c7b7b8ba1ae1f55414cb), thanks everyone for participating!