Ampleforth is facing Proposal 54, a governance request to transfer 2.5 million USDC from its roughly 2.538 million USDC treasury to the proposer and recipient address. The proposal, submitted on September 12 by a newly activated externally owned account, says the funds would pay for completed work on a SPOT ecosystem analysis tool. It remains pending, with no votes cast and no funds transferred. The proposal requires 75,000 FORTH to meet the submission threshold and 600,000 FORTH to pass. At a FORTH price of $0.27, assembling the passing votes would cost approximately $160,000, although an earlier monitoring estimate valued the requirement at about $132,000. The proposer and recipient address control voting power equivalent to about 87,200 FORTH, while a separate address with the same voting power delegated it to the proposer 19 minutes before submission.