PIP-84 Increase Approval Threshold For Financially Sensitive Proposals

This PIP aims to increase the approval % required for proposals that involve use of JPEG'd DAO Treasury funds for activities such as buyback and burn (of $JPGD or $JPEG), distribution of Treasury assets, dissolution of Treasury, use of any Temple Dao or associated protocols products.

Background The current approval threshold for PIPs is a simple majority (>50%) after quorum is satisfied. However, Temple Dao, including individual members of the DAO, or actors loosely associated with Temple Dao have expressed large interest in JPEG'd DAO's treasury and financial strategies that benefit these actors at the expense of the DAO and it's mission.

These members have NO interest in the mission or ethos of JPEG'd, which is NFT Finance and bridging the gap between DeFi and NFTs, and merely want to opportunistically plunder and loot the DAO. And in fact Temple Dao and individuals associated with Temple Dao have conducted these sort of "corporate raiding" activities in the past resulting in the shutdown and dissolution of DeFi protocols. This would cause JPEG'd to cease operations in order to appease the financial motives of a few opportunists.

Proposal Any proposals that involve the implementation of a buyback and burn (of JPGD tokens), distribution of Treasury assets, dissolution of Treasury, or use of any financial products created by Temple Dao or associated protocols will require necessary quorum to pass and a supermajority approval of JPGD voted in the proposal (67% in favor or greater). If neither quorum is hit or a supermajority approval is achieved the proposal is invalid.