Closing a Funding Round
Once a squad is finished collecting contributions, it’s time to close the round.
- 1.Press the “Close Funding Round” button from the open Funding Round. Note that once this proposal is initiated, deposits cannot be made into the Funding Round until this proposal is canceled.
- 2.Confirm your Funding Round contributions and close the proposal
- 3.Get multi-signature approval on the proposal from other Signing Members and sign a one-time key
- 4.Once approved, press “Close Funding Round”
Once the proposal is approved, your Funding Round is closed, and equity will be re-calculated for all members based on the contributions.