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FloorDAOFloorDAOby0x51200AA490F8DF9EBdC9671cF8C8F8A12c089fDanobi.eth

FIP#54 - Make Sweep War FLOOR Burns Immutable in Floor V2

Voting ended over 2 years agoSucceeded

Summary This proposal seeks to clarify the process for burning FLOOR after each Sweep War has concluded. Specifically, should this process be immutable and enshrined in the protocol’s code or left open to give the DAO the opportunity to retain FLOOR after a sweep instead of burning it.

Motivation Currently, FLOOR will need to be burnt by the multi-sig following the “sweep” of FLOOR tokens after each Gauge War ends.

Instead, we have the option of making the burning of FLOOR immutable at the end of each Sweep War. Immutability would enshrine this process into the protocol and decentralize the mechanism - a core goal of the DAO.

However, this would also remove optionality for the DAO, meaning that FLOOR could not be bought back and held/spent following any Sweep War. This may have undesirable consequences that this forum post aims to discuss before being voted on.

Proposal Should FIP#54 pass in favor of making the Sweep War FLOOR burn immutable, a pull request will be created for the repository and reviewed, ready for the launch of V2.

Off-Chain Vote

Yes
31.35K gFLOOR98.9%
No
0 gFLOOR0%
Amend
1.75 gFLOOR0%
Abstain
344.29 gFLOOR1.1%
Quorum:127%
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Timeline

Aug 03, 2023Proposal created
Aug 03, 2023Proposal vote started
Aug 07, 2023Proposal vote ended
Jun 05, 2024Proposal updated