DAO Proposal #33 Yearly Hydranet DAO Representatives Vote

Title of Proposal: Yearly Hydranet DAO Representatives Vote Proposal ID: #33 Proposer(s): Hydranet Multi-Sig Submission Date: January 4th, 2025

1. Abstract This proposal seeks to elect and confirm the Hydranet DAO representatives for the upcoming one-year term. The representatives will manage the DAO’s multi-signature wallets and oversee financial transactions, with a 3/5 signature threshold for all transactions to ensure shared responsibility and decentralized governance.

The vote will confirm the following nominees:

Walleye: Foundation Director (Multi-Sig Lead) - 0x5B6e889B05D5a23C8f1E19Ed9E54B4f03dF01c51

Smurf: Content Lead and Financial Accounting - 0x38F18239331Bf4AC8624396820360139c7008D19

Max: Developer Lead - 0x5322fDE71810bf23179FF755A9687b808D5E2136

MFlankes: Doxed to Foundation Members (Outreach and Investment Lead) - 0x8CA42F8D9eAD02aA85a00b5113d9a173b4F753f1

IPally: Doxed to Foundation Members (Financial Strategy Lead) - 0x17A96132aaE18Dd976840Ad6897944817d460594

A sixth multi-sig position will remain reserved for a qualified candidate who can contribute exceptional skills to the DAO’s mission, to be approved via a future vote. This vote ensures trusted management of DAO assets, transparent operations, and effective delegation of responsibilities.

2. Proposal Details Key Terms:

Multi-Signature Wallet: Requires multiple private keys to approve transactions, ensuring security and shared oversight. DAO Representatives: Elected members who manage multi-sig wallets and financial operations.

Objectives: Elect the proposed nominees as multi-sig representatives for January 2025 to January 2026. Reserve the sixth multi-sig position for a future qualified candidate. Update the DAO’s official records with the confirmed wallet addresses after the vote.

Implementation: Action Steps: Conduct a community vote to confirm nominees. Assign elected representatives as multi-sig signatories. Update DAO records with the finalized multi-sig wallet addresses. Reserve the sixth position for a qualified candidate.

Timeline: January 10th, 2025: Snapshot voting begins. January 15th, 2025: Voting ends. January 16th, 2025: Announcement of elected representatives and update of wallet signatories.

3. Impact Analysis Advantages:

Ensures the DAO is managed by experienced, trusted representatives. Maintains secure, decentralized financial operations. Provides flexibility to onboard an additional representative with unique skills when needed. Reinforces transparency and accountability within DAO governance.

Disadvantages: Temporary reliance on five representatives until the sixth position is filled.

4. Conclusion & Voting Electing the DAO representatives is essential for maintaining efficient, secure, and transparent governance. The nominees bring relevant skills and experience to their roles, ensuring the DAO operates effectively throughout the year. The reserved sixth position provides flexibility to strengthen the team as needed.

Voting Options: Approval: Elect the proposed representatives, reserve the sixth position and assign a 3/5 signature threshold. Rejection: Reject the proposed representatives.