Initiator of BIP#26, Roy, was unable to initiate the proposal on the snapshot as he does not hold veBEND. I assisted him in publishing this governance proposal.

Summary

BendDAO has the opportunity to become a co-sponsor for NFT SYDNEY's fifth event and Azuki Australia's inaugural event.

BendDAO would need to pay 2,000 USDT from its treasury to sponsor the event.

Background

As per the community governance rules:

• Phase 1: Idea or Draft
  • Minimum number of supporters: 10 - Approved
  • Discord Idea: https://discord.com/channels/897709643948761148/1087528737878331413
• Phase 2: BIP
  • Minimum number of voters: 10 - Approved
  • BIP#26: BIP#26 Proposal for sponsorship of "The Garden" in Sydney - BIP Drafts - BendDAO
• Phase 3: On-chain voting
  • Voting Quorum: Approximately 40M veBEND (10% of the total supply)
  • Pass Rate: Over 80% Approve.
  • The voting will last for 7 days.