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Degen Yeti Ski ClubDegen Yeti Ski Clubby0xf7084fA5D6FCc37c883d5d19832Af4afcA5730b3youngwhale.eth

Use Cisco (DAO Board) As Treasury Proxy for Investments

Voting ended about 4 years agoSucceeded

Due to current technical limitations/resource limits caused by the early-stage development of multi-sig wallets on Avalanche, to interact with smart contracts we need to transfer funds we choose to invest from the treasury to a single wallet where a user can interface and act on behalf of the treasury. Cisco has offered to run this wallet from a secured, dedicated Ledger. This allows the DAO to begin making investment moves.

The proposal is to approve reimburse Cisco for one Ledger Nano S in equivalent AVAX (CAD$112.50), and to approve Cisco as a treasurer until no longer needed.

Addition by @YoungWhale: I and others I know have used Cisco as a third-party for transactions because of his technical expertise. Our funds have always been safe, and he asked nothing for the service. He also works in IT and has good OP Sec. A Yes vote allows us to go forward with investments from our community treasury without hiring a smart-contract developer. A No vote means we will likely have to hire a smart-contract developer before making investments.

Vote Yes to use Cisco as proxy for investments until no longer needed and reimburse him 112 CAD (In AVAX) for a ledger

Vote No if you do not wish to use Cisco as a proxy for investments or reimburse him for a ledger.

Off-Chain Vote

Yes
1.24M 94.1%
No
77.41K 5.9%
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Timeline

Dec 15, 2021Proposal created
Dec 15, 2021Proposal vote started
Dec 17, 2021Proposal vote ended
Oct 26, 2023Proposal updated