BIP#77: Renaming the BendDAO Executive Committee to BendDAO Council & Community Vote on New Members

Background

To strengthen decentralized governance and enhance long-term strategic alignment, we propose renaming the BendDAO Executive Committee to the BendDAO Council. This transition reflects our commitment to community-driven decision-making and transparent treasury oversight, ensuring a more engaged and inclusive governance structure.

As part of this evolution, we are nominating FrankNFT and K-Stars as new members of the BendDAO Council.

Why FrankNFT & K-Stars?

Both FrankNFT and K-Stars are active BendDAO users and valuable contributors within the community. During critical moments, such as the Azuki crisis, they provided professional insights and strategic advice, demonstrating their deep understanding of the DAO’s needs. Their expertise and dedication have been instrumental in supporting the development and resilience of BendDAO.

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Responsibilities of the BendDAO Council

Community Engagement & Governance

• Facilitate discussions and feedback on BendDAO Improvement Proposals (BIPs).
• Promote active participation in governance, including community calls, forum discussions and Snapshot voting.

Treasury & Fund Management

• Oversee the council's multi-sig wallet transactions and ensure responsible fund allocation.
• Maintain transparent treasury operations, optimizing financial sustainability.

Compensation

• $500 USDT per month for contributions.

This proposal aims to strengthen governance, increase transparency, and further empower the community in shaping BendDAO’s future.

Voting

Voting Quorum: Approximately 48M veBEND (10% of the total supply). Pass Rate: Over 70% approval. The voting will last for 7 days.