Rage Quitting

What rights do members have if they are not happy with the direction of Neptune?

Neptune has certain strong rights for members to withdraw their capital if they are unhappy with the performance or administration of Neptune. This right—often called "rage quitting"—gives members a degree of control as to their participation in Neptune and the use of any contributed capital.

What happens if I do not want to participate in a capital deployment?

Even though Neptune is member-directed and managed, members are not obligated to participate in any capital deployment. Once a deployment is authorized via the Dapp, all members will have the right to opt-out of the deployment and receive any undeployed capital that they contributed to Neptune back (i.e., "rage quit").

The right to rage quit is accounted for in the operating agreement and facilitated via the Dapp and underlying smart contracts.

If I rage quit can I sell my interests in Neptune?

If a member rage quits, the member's pro rata portion of any unallocated capital will be returned to the member. The member's Neptune units are retired (i.e., "burned") and the member loses any right to participate in future investments. If a member wants to sell their interest in Neptune, it is permissible, but subject to approval by other members.

When can a member rage quit?

A member can rage quit Neptune at any time, including after any capital deployment. The only restriction is that any proposal that the particular member voted "YES" for is processed by Neptune's smart contract initially.