HIP-14 | Foundation, Infrastructure, Engagement and Engineering
Snapshot Time for the Vote:
First block after October 09, 23:59 UTC time.
Voting Period:
Voting starts: October 10, 00:00 UTC time
Voting ends: October 17, 23:59 UTC time
Voting Addresses:
YAY → HHxxxxYEAxPN14xxxxxxxxxxxxxxugjvSM
NAY → HHxxxxNAYxPN14xxxxxxxxxxxxxy3R3TAQ
Threshold for Approval:
- 65% approval rate
Summary of Proposal:
Vote Summary:
- Establish a non-profit foundation to manage key assets and operational requirements.
- Transition the core engineering team to direct DAO control to secure long-term technical expertise and independence.
- Migrate all key assets into the foundation, which will act as a legal extension of the DAO and will always act according to the DAO’s will.
- Secure infrastructure and creative budgets to maintain operational stability and community engagement.
- Repurpose $17,000 from Marketing Program to this current proposal [HIP-14]
- Approve additional budget of $10,000, thus total budget impact will be $27,000 when combined with the repurposed funds from the marketing program [HIP-02]
- Locktrip to Subsidize $4,000 as a form of contribution for the one-time setup of the foundation.
- Manage emissions efficiently post-HydraGon launch to achieve long-term sustainability.
Link to the Full Proposal:
Voting Procedure:
- 0.1 HYDRA sent to any of the two addresses above will credit your entire snapshot weight to the respective side.
- Note that the last transaction counts, meaning that you can change your vote within the voting period.
- Transactions above or below 0.1 HYDRA will not count.
- The exponentiating formula will apply as usual