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UPDATES.md

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# Property Updates

## 2026-06-29

- Property Update (06/29/2026):
- Governance Results for Earl DAO:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Option B: AGAINST – Reject the proposal. No EARLDAO shares or Beagle DAO equity match will be issued under this Resolution, and the existing foreclosure risk will remain unresolved by this transaction.
- This was voted on by 12 participants in total. Out of the total number of participants, 2 voted for the winning vote, totaling 69.92% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
- The voting results can be found on chain [here](https://allo.info/application/3624046401) or by searching the application ID: 3624046401

- Property Update (06/29/2026):
- Governance Vote for Earl DAO:
- The authorized representative, ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Fellow owners,
- Please review the full proposal for a coordinated resolution between Colfax DAO, EARLDAO, and Beagle DAO regarding the 22160/22164 Umland Circle collateral.
- The proposal is intended to preserve value ahead of the scheduled foreclosure timeline by having EARLDAO acquire the second-position deed of trust, provide Colfax DAO with a 12% yield opportunity, and include matched Beagle DAO equity upside from escrowed shares. It also outlines the planned sale path, repayment structure, and fallback remedies if the second lien is not paid off by the stated deadline.
- Best,
- Earl Co
- Manager, ECO Systems LLC
- Voting Options
- Please cast your vote regarding the approval of this Joint Organizational Resolution:
- Option A: FOR – Approve the proposal as written, generating a 12% annualized yield on idle cash for Colfax DAO, plus bonus Beagle DAO equity upside, with any onward distributions handled by Colfax DAO.
- Option B: AGAINST – Reject the proposal. No EARLDAO shares or Beagle DAO equity match will be issued under this Resolution, and the existing foreclosure risk will remain unresolved by this transaction.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to all owners on Thursday, July 2nd once the voting period ends.