# Restructure Paystream

Paystream's proposal "Restructure Paystream" passed on 2026-05-29 by 0.87%. The approved TWAP was $0.04574 against $0.04468 rejected, with a 1.5% threshold. $693.78 traded across 19 trades by 7 traders.

A Paystream governance proposal decided by a futarchy decision market, as analysed on 01Resolved. Data as of 2026-10-25 03:49 UTC.

- [Proposal page](https://www.01resolved.com/paystream/proposals/2VmEeSdSfwDBWUYHH61iJCz8TwdmEqhTSmXWBgpHrWzN): charts, comparables, and every trade.
- [Paystream summary](https://www.01resolved.com/ai/projects/paystream.md) and [all proposals](https://www.01resolved.com/paystream/proposals).

## Outcome

| Metric | Value |
| --- | --- |
| Status | Resolved |
| Result | Approved |
| Start (UTC) | 2026-05-26 21:31 |
| End (UTC) | 2026-05-29 21:31 |
| TWAP window starts (UTC) | 2026-05-27 21:31 |
| Staked | 100% |
| Pass threshold | 1.5% |
| Passed by | 0.87% |
| Approved TWAP | $0.04574 |
| Rejected TWAP | $0.04468 |

The proposal passes when the approved (pass) TWAP beats the rejected (fail) TWAP by more than the threshold. A live proposal's standing can still change.

## Market overview

| Metric | Value |
| --- | --- |
| Pass pool TVL | $687.91 |
| Fail pool TVL | $677.6 |
| Net volume tilt (toward pass) | +99.19% |
| Net trader tilt (toward pass) | +15.78% |
| Total trades | 19 |
| Total volume | $693.78 |

## Outcome strength

| Metric | Value |
| --- | --- |
| Traders, pass-aligned | 57.89% (11) |
| Traders, fail-aligned | 42.11% (8) |
| Volume, pass-aligned | 99.60% ($690.99) |
| Volume, fail-aligned | 0.40% ($2.79) |
| Late conviction | High |

Net pass-aligned volume accumulated before the TWAP window: +$688.19; during it: $0.

Pass-aligned means buying pass or selling fail; fail-aligned is the reverse. Strong participation alone does not show that a decision was economically correct.

## Trade activity

| Metric | Value |
| --- | --- |
| Unique traders | 7 |
| Repeat traders (across Paystream decision markets) | 0% |
| Largest single trade | $500 (Pass-buy) |
| Average trade value | $36.51 |

## Proposal text

As submitted by the proposer; not written or verified by 01Resolved.

##### Authors

Proph3t (@metaproph3t), Joe (@j6104)

##### Overview

If passed, this proposal would:
- Cut the monthly allowance from $33,500 to $15,000
- Allow up to $166,000 to be redeemed from the treasury, leaving 6 months of runway at the proposed allowance
- Withdraw 75% of the liquidity pool to accommodate the above
- Allocate 3,000,000 more PAYS to the team’s performance package

##### Motivation

Paystream has provided insufficient evidence that is is worthy of its current amount of capital. It has traded near or at a discount to cash for pretty much the entire time since inception. 

We believe that things can turn around, in the same way that a company that is at one point worthy of a $3M seed round can go on to become worthy of a $12M Series A. But the right thing to do for the time being is downsize the treasury.

We discussed this with the team and negotiated a structure with lower cash outlays in exchange for higher performance-based compensation and higher ownership.

##### Logistics

- Redemptions will be done via buybacks (Jupiter DCA, max price of 0.04488 USDC per PAYS, 15 minutes between orders) to maximize accretion for remaining holders
- There would be a 3 month cooldown period of further restructurings, barring exceptions like material misrepresentations to the market
- We have negotiated this proposal in good faith with the team, a contributor to it being launched later than expected. Unfortunately this means that this will land on the allowance pulling boundary. But if the team draws more than $15,000 this month, the remaining will be pulled out of future allowances. For example, if they pull the full $33,500 they will only be able to pull $0 next month and $11,500 the following month.

##### NAV Math

###### USDC:
- Treasury (BpXtB2ASf2Tft97ewTd8PayXCqFQ6Wqod33qrwwfK9Vz): +140,500 USDC
- AMM pool (6FRXzTe3HajL8Fwmmkupp8g3y3wn3g3QEjj8sABndre3): +116,193.17 USDC
- Next month payment: - 15,000.00 USDC
 
Total USDC = 241,693.17
 
###### Circulating PAYS:
- ICO sales: +10,000,000
- AMM starting balance: +2,000,000
- Less what AMM contains now: -2,582,283.17
- Less treasury-owned PAYS from previous buyback: -4,032,504.37
 
Total PAYS = 5,385,212.46
 
Estimated NAV = USDC / Circulating PAYS = 0.04488 USDC per PAYS

## Citing this data

Source: 01Resolved, "Restructure Paystream" (Paystream decision market), data as of 2026-10-25 03:49 UTC. https://www.01resolved.com/paystream/proposals/2VmEeSdSfwDBWUYHH61iJCz8TwdmEqhTSmXWBgpHrWzN.