Author(s): EAsports, TheRealTuna, Underethsea, MyDefi, Neondaemon Status: Proposed
Related Discussions:
August Report: TBD – 100% correctness as of 08/19
This proposal renews the Across UMA Voting Committee (AUVC) for another 3 months, to actively participate in UMA governance, safeguard the Optimistic Oracle (OO), and generate $UMA rewards for the Across DAO.
It outlines the committee’s structure, operations, and benefits — including a potential for millions in annual revenue for the DAO.
Details: Requesting funding for another 3 months. Multisig to continue as 3-of-5. Term to begin ~August 28th when previous funding expires.
Motivation: Leverage the DAO's 2.43M $UMA to enhance OO security and generate rewards (~16.6% APY, potentially $300K UMA/year).
Operations: A 5-member AUVC will continue to oversee voting, provide monthly transparency reports, and operate under a multisig wallet structure.
Funding: Allocation of 10,000 $UMA for committee compensation and gas costs. Team will continue to take a 6% commission on all earnings from AUVC voting. (Funds already in our wallet; will be returned if not renewed.)
A “Yes” Vote
Renews the AUVC for 3 months
Authorizes the AUVC to use the 10,000 UMA currently in the payroll wallet: 0x1AB83bc391B0bDbc34Ab69D02Bf34f4B643C64F4 (No transactions required)
A “No” Vote
Removes delegation from the AUVC voting wallet: 0x55Cfebb12AB9A0C982057109b14f394dC19abA03
AUVC will return the 10,000 UMA to the DAO Treasury