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Cream FinanceCream Financeby0xB1AdceddB2941033a090dD166a462fe1c20294840xB1Ad…9484

Affirm Invalid Proposals #QmdXAaT & #Qmc2Yuk

Voting ended over 5 years agoFailed

Proposals #QmdXAaT (Proposal Rules) & #Qmc2Yuk (New Token Listings Begin with 0% Collateral Factor) were inappropriately ad thougghtlessly handled.

Both proposals are invalid by the very rules set out in the first of the two, #QmdXAaT (Proposal Rules), by function of requirement that:

  • 15,000 CREAM quorum was not achieved for either proposal; a measly 466 CREAM was voted in proposal #QmdXAaT & 1410 CREAM was voted in proposal #Qmc2Yuk

Additionally, and without community consent, Snapshot dates can now only be selected for a minimum proposal time of 48 hours.

Additionally, and without community consent, Snapshot rules were changed by the team such that only CREAM in wallet at the time of the proposal submission (not even start time) are now eligible to vote. This was never mentioned in Proposal #QmNvFox (Allow staked cream to vote), yet implemented anyways. It is believed that this was changed sometime between 10.17.20 & 10.21.20.

If CREAM wishes to be respected as a project, the team and community must respect their own rules.

Potential Outcomes:

[Vote FOR]

  • Rules contemplated in Proposals #QmdXAaT & #Qmc2Yuk are not valid
  • All changes made to CREAM Snapshot voting based on these proposals MUST BE REVERTED BEFORE ANY SUBSEQUENT SNAPSHOT VOTE CAN BE DEEMED VALID / ACCEPTED
  • Encourage Proposers of #QmdXAaT & #Qmc2Yuk to resubmit the proposals and implement IFF such proposals pass given the rules they contemplate

[Vote AGAINST]

  • Do nothing

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Timeline

Oct 31, 2020Proposal created
Nov 01, 2020Proposal vote started
Nov 03, 2020Proposal vote ended
Oct 26, 2023Proposal updated