No "startup" of any value would ever be given away, regardless of how burnt out its employees or owners might be. This is rediculous. Either this is an April Fools joke, or you never had the dedication to succeed in the first place.
We're not giving away 100% of it. We don't want to have an active role anymore and are willing to give away a majority equity stake to a qualified and competent team who would be taking charge of it. It's almost as if we were taking another co-founder on board. But because we would be taking an advisory role, it's just fair that (after vesting) the new people in charge have the majority stake in it.
Lack of determination doesn't mean what they built is valueless.