Across UMA Voting Committee Renewal Proposal

Author(s): EAsports, TheRealTuna, Underethsea, MyDefi, Neondaemon Status: Proposed Related Discussions: Final Proposal Previous Proposal Original Formation Proposal

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Summary:

This proposal renews the Across UMA Voting Committee (AUVC) 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.

Key Points:

• Motivation: Leveraging the DAO's 2.3MM $UMA to enhance OO security and generate rewards (~17.2% 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 for security.
• Funding: Initial allocation of 20,000 $UMA for committee compensation and gas costs.
• Revenue Split: 94% to the DAO Treasury, 6% to AUVC members.

Full Proposal & Details:

https://forum.across.to/t/updated-across-uma-voting-committee-renewal-proposal/2058?u=therealtuna_across

Voting:

A “Yes” Vote

• Approves the renewal of the AUVC
• Claims staking rewards.
• Sends 20,000 UMA to the AUVC 3 of 5 Payments multisig 0x1AB83bc391B0bDbc34Ab69D02Bf34f4B643C64F4
• Stakes remaining balance

A “No” vote rejects the AUVC This will require a secondary vote at the end of our current term to remove the delegation from our multisig.