Exit a Club

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Exit a Club
Quick Overview
This page provides information on how to make distributions to members.
1/ Making Distributions to Club Members
Syndicate will be launching native distribution features in the coming months. In the meantime, you can execute distributions for asset sales/exits during or at the end of the lifecycle of the club through Zodiac (for Gnosis Safe) and disperse.app (for Metamask):
Zodiac Exit Module
On your Gnosis Safe's left menu, click the APPS option. Scroll to the end of this list, and you'll find the Zodiac App.
Click on the Exit Module and enter your Token Contract Address and Circulating Supply Amount. 
Token Contract Address: The value from your Syndicate's URL. For example, if your URL is https://app.syndicate.io/clubs/0x4a2c85076ac921518b3af37095c49091713d6192/, you should paste in 0x4a2c85076ac921518b3af37095c49091713d6192.
Circulating Supply Amount: The total amount of tokens minted for your club. This will appear as "Club tokens minted" in your club dashboard. Alternatively, you can find the Circulating Supply Amount on a block explorer like https://etherscan.io.
Click Add Module.
You should see a Gnosis Safe modal prompting you to review the transaction. Click Submit when ready. Confirm the transaction with your web3 wallet that is a signer on the Gnosis Safe.
After confirming the transaction, you should return to a window that displays your configured Exit Module's settings.
Select the "Write Contract" tab.
Select the "exit" function.
Enter your amountToRedeem (uint256) and tokens (address[]). 
amountToRedeem: The number of club tokens you would like to redeem.
tokens: The value from your Syndicate's URL. For example, if your URL is https://app.syndicate.io/clubs/0x4a2c85076ac921518b3af37095c49091713d6192/, you should paste in 0x4a2c85076ac921518b3af37095c49091713d6192.
Click "Add this transaction."
Repeat steps 8 and 9 for each disbursement.
When finished, execute the bundled transaction. Done!
If you want your members to exit the club directly, you can provide them with Gnosis Guild's Exit App. For instructions on the Exit App, see the official announcement from Gnosis.
disperse.app
Connect your Metamask wallet.
Select distribution type.
If you'd like to pay distributions in ETH, select "ether."
If you'd like to pay distributions in an ERC-20, select "token." Enter the token address that you'd like to pay distributions in. For example, if you'd like to pay distributions in MATIC, use 0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0.
Enter the distribution recipients and amounts. Write one address and one amount on each line. 
To calculate the distribution amounts, first confirm how many club tokens each member wants to redeem. Next, calculate the claimable value of those club tokens by multiplying the total club asset value by the member's club token : circulating supply ratio. This claimable value should be used as your distribution amount input.
For example, if a member wants to redeem 500 club tokens (and there is a circulating supply of 100,000 club tokens), then the claimable value will be [$3,000 * (500/100,000)], assuming there is $3,000 worth of assets inside the club. 
Review the transaction details.
Allow the smart contract and sign the transaction.
Click disperse tokens.
Burn the proportionate amount of club tokens in the respective users' wallets using our cap table management feature. Done!
Feel free to reach out to our team through Discord or email at [email protected] with any questions. We're happy to guide you through the process!
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Outline
Quick Overview
1/ Making Distributions to Club Members
Zodiac Exit Module
disperse.app