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Deep State ($FEDS)Deep State ($FEDS)by0x9d8F411ebb047D80A7547eEcc67D9151A7f379d2deepstatefeds.eth

Transition Agents to Senators

Voting ended over 2 years agoSucceeded

PROBLEM:

Agents are intended to help guide the $FEDS project by:

  1. holding $FEDS tokens
  2. using $FEDS tokens to vote
  3. helping build $FEDS project

We have too many agents who are not using their agents as intended.

SOLUTION:

Require agents to use their agents as intended in order to upgrade their agents to "Senators".

Senators will replace agents as the primary stakeholders in the $FEDS project over the long term. In order to upgrade to a senator, agents will need to collect "I VOTED" tokens by using their $FEDS to vote. "I VOTED" tokens will be airdropped automatically on Arbitrum upon the closing of each vote. To mint a Senator, you will only need to submit your agent and a number of "I VOTED" tokens (exact amount to be determined).

If agents do not want to upgrade to a senator, they can either sell their agent on secondary, or collect 9 million $FEDS for their agent refund.

Off-Chain Vote

Yes. Upgrade to Senators.
2.25B FEDS100%
No. Keep the agents as they are.
0 FEDS0%
Download mobile app to vote

Timeline

Jul 25, 2023Proposal created
Jul 25, 2023Proposal vote started
Jul 31, 2023Proposal vote ended
Oct 11, 2024Proposal updated