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Krause HouseKrause Houseby0x1983dA5059F7d7DA6b4c6cDc3D42D69a334A5E7E0x1983…5E7E

Move 200000 USDC + 280000 $KRAUSE to Polygon Multisig

Voting ended about 4 years agoSucceeded

Move funds to Krause Houses’s Gnosis Safe on Polygon (0x40eDBC75C543954CDD9c5ae7398342788F46A85B) for the purpose of paying contributors on streams and generally increasing payment options.

Amount

200000 USDC (~6.7%), 280000 $KRAUSE (~18%)

Note: We can add/remove tokens at any time, making the particulars of this amount somewhat negligible.

Why?

Payments are expensive on Ethereum L1, and thus small reoccurring payments are not practical, hurting contributor experience. Polygon allows us to bridge tokens back and forth to chain with cheaper gas fees, allowing us to avoid gas concerns and pay contributors how they'd like with negligible transaction fees. This also allows us to run more on chain experiments (like prediction markets and commitment staking) using our existing assets.

Notes

This does not prevent us from using other rollups or chains moving forwards.

Off-Chain Vote

For
488.39K 99.9%
Against
403.7 0.1%
Abstain
50 0%
Download mobile app to vote

Timeline

Dec 27, 2021Proposal created
Dec 28, 2021Proposal vote started
Dec 31, 2021Proposal vote ended
Oct 26, 2023Proposal updated