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Asics NFTAsics NFTby0x42EDEe9B4FAC544f766F3fbDEE813229edFD66BF0xasics.eth

SIP-3: Transfer ENS airdrop from Sismo Genesis treasury to Sismo DAO treasury

Voting ended about 3 years agoSucceeded

Summary

Transfer 32,407 $ENS tokens from the Sismo Genesis Treasury to the Sismo DAO Treasury

For more context: Sismo DAO Update #1: Progressive Decentralization and DAO Treasury

Abstract

The Sismo Genesis Treasury multisig wallet owns 46,296.30 $ENS tokens allocated by the ENS DAO as part of the "External Contributors" share of its token distribution.

We propose that 70% of those tokens (32,407 $ENS) be transferred from the Sismo Genesis treasury to the Sismo DAO treasury. The remaining 30% of the tokens would remain in the Sismo Genesis Treasury to cover tax expenses related to the airdrop (investigation in progress) and other operating costs if required. If some funds remain, after tax, out of this 30%, a new proposal will be made to transfer them to the DAO.

Motivation

The Sismo DAO does not currently hold power over a treasury (no treasury asset until now). Ethereum Naming Service (ENS) is a critical piece of Ethereum infrastructure on which the Sismo protocol is being currently built. The ENS token allocation distributed to Sismo acts as a reward for past collaborations between both projects and an incentive for future continued synergy between the DAOs.

By transferring the 32,407 $ENS tokens (airdropped to the Sismo Genesis team) over to the Sismo DAO multisig wallet, we would provide the Sismo DAO community with the resources and means to ensure the long-term viability of Sismo, and to fund continuing development and improvement of the Sismo protocol. These funds could then be allocated by the DAO to finance Sismo's development, to grant programs, working groups/committees, incentivization initiatives, ecosystem development engagements, and other measures that promote the growth and wide usage of the Sismo protocol.

Specification

The Sismo DAO formally petitions the Sismo Genesis treasury keyholders (being the owners of the multisig located at 0x6E5cd14DE0AD04f4012d057aCDB01109A8F7B676) to transfer 32,407 $ENS tokens to the Sismo DAO treasury multisig at 0xD90Ff04A87e7b0Cf01C83618752933Ca15aa49Ae

Off-Chain Vote

Yes, transfer the tokens
1 VOTE100%
No, don't transfer the tokens
0 VOTE0%
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Timeline

Dec 13, 2021Proposal created
Dec 13, 2021Proposal vote started
Nov 20, 2022Proposal vote ended
Oct 26, 2023Proposal updated