What is going on?

Our proposal process takes 7+ days to accomplish the 3 steps for the DAO democratic process. We need to move faster for investments with the DAO that are based around quick turnarounds and taking advantage of low-priced opportunities. Opportunities can slip away in the 7 days that happen across an investment.

Proposed below are two different accelerated pathways to making new purchasing and selling decisions:

All ideas originate from the Incubator Room

🗣│incubator-room is our channel for ideas from the community. It is free form and has no lag time between proposal submission and writeup. It is our fastest way to go from idea to execution.

For investments under 5eth

If an investment idea is under 5eth and receives more than 20 of a positive reaction emote, it immediately goes to a snapshot vote. The snapshot vote is only For, Abstain, or Against and needs a 12% quorum vote to pass. This vote only lasts 24 hours but all holders are notified in discord when the vote goes live. Upon a final decision, the team immediately executes and alerts the 🗣│incubator-room on the results.

For investments greater than 5eth

If an investment idea is over 5eth and receives more than 20 of a positive reaction emote, there is a multi-step process:

1. A thread is created for a 36-hour discussion. If the discussion receives 100+ positive reactions any time during the discussion, the discussion moves forward to snapshot early, regardless of time left in the discussion.
2. At the end of the discussion, assuming the original idea did not receive 100+ positive reactions, an in-discord vote is called for a pass🟩 or fail🟥 that lasts 24 hours.
3. If the vote is passed, a snapshot vote is presented for 24 hours where the only options are For, Abstain, or Against and needs a 12% quorum vote to pass.

Beta test 4/30/2022

The beta test of the program was run on 4/30/22 for a mint of The Otherside NFT project. Over 40 members reacted positively to the investment of 5eth in at least one NFT Otherside Deed.

Managing Incubator Room

If this vote passes, Incubator Room will be managed by a moderator that explicitly looks for potential vote ideas on investments. At their discretion, the moderator will tag voting parties to weigh opinions on if an investment idea is worth pursuing.

What you are voting on

This vote is on if we agree with the change in the process. We will use a simple vote of majority rules For, Against, Abstain. Over the next 48 hours, if at least 12% quorum is met, the vote will be final and be effectuated immediately into our proposal process.