DAO Committee Remuneration

Abstract: This proposal seeks to update the DAO bylaws to accurately reflect the DAO Committee’s responsibilities, and reimburse them for required expenses. Motivation: The main responsibilities of the DAO Committee members are set out in Section 4.2 of the DAO bylaws. At times, these responsibilities require financial expenses. DAO committee members should be reimbursed for these expenses. Implementation: It is proposed that that the first paragraph of “Section 4.2 – The DAO Committee” of the DAO bylaws be amended as follows: “The DAO Committee is a group of five individuals who have been elected by the community to: • Manage the daily operations of the DAO. • Hold the keys of a 3-of-5 multi-sig wallet. This multi-sig wallet owns the Kitty Inu contract and the DAO Treasury. • Set in motion the decisions taken by the DAO. The Committee is responsible for enacting any passed votes involving the Kitty Inu contract or the DAO Treasury. • Oversee the proposal and voting processes, making sure community members produce compliant proposals, helping them to do so if necessary, and initiating the vote process once a proposal is finalized. • Represent the DAO in discussions with third parties and (subject to any confidentiality restrictions) publish a report of the discussions to the DAO. • Maintain access to the official Kitty Inu DAO website and any social media accounts. They are responsible for elaborating and executing the token communication strategy, following the community formal decisions (through votes) and informal preferences (through consultations and discussions via the DAO communication channels). • Take any emergency action required to guarantee the security of the $kitty ecosystem. In case of a serious security event involving the $kitty ecosystem that could be mitigated by a committee action, the Committee is allowed to act on its own and to take any necessary measure to mitigate the risk.” Section 4.2.1 - Reimbursement Process Committee members may obtain a reimbursement of the gas fees they spent to operate the DAO's multi-sig wallet, one time every quarter. To obtain a gas fees reimbursement, a Committee member must provide a list of the transactions to the other Committee members and the total amount requested. The other Committee members must check the claim is valid and can then proceed the reimbursement by transferring to the requestor an equivalent amount in $kitty from the DAO's treasury. The transaction must only be signed by Committee members other than the requestor. The reimbursement amount must be based on the ETH value of the gas fees. Committee members can ask for a one time advance of $500 at anytime in the first 3 months of their mandate to pay for future gas fees. The transactions must be signed by three other Committee members. If they have spent less than $400 in gas fees at the end of their mandate, the unused amount must be returned. Timeline: Immediately upon passing of this proposal. Total Cost: Committee members will be reimbursed approximately 4.8 ETH for the transaction fees incurred from signing the multi-sig wallet since last May.