HIP-10 | DAO Treasury Migration

Snapshot Time for the Vote:

First block after November 24, 23:59 UTC time.

Voting Period:

Voting starts: November 25, 00:00 UTC time
Voting ends: November 30, 23:59 UTC time

Voting Addresses:

YAY → HHxxxxYEAxPN1Qxxxxxxxxxxxxxy7EjpqY
NAY → HHxxxxNAYxPN1Qxxxxxxxxxxxxxxzh8hb7

Threshold for Approval:

65% approval rate

Summary of Proposal:

  • Migration of the DAO Treasury to a multi-sig contract for increased security
  • Three proposed eligibility groups for admin membership
  • 12 shortlisted members proposed for the start with a tentative setup of 5/8
  • Framework for the eligibility and retainment of membership
  • 62.5% consensus requirement for transaction approvals

Link to the Full Proposal:

Voting Procedure:

  1. 0.1 HYDRA sent to any of the two addresses above will credit your entire snapshot weight to the respective side.
  2. Note that the last transaction counts, meaning that you can change your vote within the voting period.
  3. Transactions above or below 0.1 HYDRA will not count.
  4. The exponentiating formula will apply as usual

:small_blue_diamond: HIP-10 | DAO Treasury Migration

YEA —> 100%
NAY —> 0%