GDP #015: December 2023 DAO Treasury Vote for 2024

The annual treasury vote defines how DIA’s unlocked reserve funds will be allocated in the coming year to foster DIA’s progress including product development, marketing, community, events, and more. As in previous years’ annual treasury votes, the DIA token holder community was able to submit alternative proposals for the usage of the funds.

The proposals have been laid out in the DIA Forum by the core team and community members and are now up for a vote. The vote will be live for 7 days and DIA token holders will decide which of the following 4 options will be applied.

Proposals

Option 1: No release in December (team proposal)

Our first proposal suggests refraining from any treasury release in December 2023. Instead, we recommend considering a release in 2024, subject to approval through a community vote, particularly if the market takes a bullish turn. This approach prioritizes fiscal responsibility and safeguards the project against adverse market conditions.

Also, we have not touched the 2023 release due to the bear market and investor protection.

Option 2: Repeating the 2022 release structure (team proposal)

Option 2 proposes sticking with the treasury release structure used in 2022 Snapshot.

This option provides continuity and predictability, but we encourage thoughtful consideration of its suitability given the changing market dynamics, and as a team would not recommend either an airdrop (sell-pressure) or additional released tokens we can’t sensefully use in a bear market scenario.

Option 3: Strategic Asset Burn (team proposal)

Option 3 is a bold strategy, involving the removal of a portion of our treasury assets through burning. We do not recommend this option, as we see no upside in price dynamics in this, and would prefer to enable the organization with the ability to act (upon DAO vote) in case of a bull market run.

Read further

Options 1, 2, and 3 are presented in detail in this core-team forum proposal

Option 4: No release in December + airdrop for voters (community proposal)

Specs: • Utilization of Unused Treasury Funds to supplement the proposed airdrop. • Airdrop: 91500 DIA • Distribution Method: Equal shares to everyone who voted on any DIA proposals in 2023 • Formula: 91500 DIA / Number of votants in 2023 • Treasury Release: No release in December 2023.

This comprehensive proposal seeks to uphold our shared principles, express community gratitude, and contribute to the long-term success and sustainability of DIA.

Read further

Option 4 is detailed here

Vote

DIA token holders can select one of the options above to vote for this year’s DIA token unlock. The option with the highest amount of DIA votes will be the winning option and will be implemented by the end of the first week in January.