Olympus-2024-03: Establishment of Managing Members Role and Appointment of Initial Managing Members

Proposal ID Unique identifier for the proposal.
Olympus-2024-03

Proposal Summary This proposal seeks to establish the role of "Managing Members" within the Mount Olympus DAO, formally defining their responsibilities and limitations. It proposes appointing three initial managing members: @moe_linde, @Steve_M286, and @th2elephant. Managing members will hold specific administrative and operational responsibilities, including authority to sign documents following DAO votes and manage essential DAO assets. They will not possess unilateral signing authority for contracts or deals, ensuring all decisions adhere to DAO-approved initiatives via Snapshot.com voting. The role of DaoBOX LLC, the current Managing Entity, remains unaffected by this proposal. Managing members can be changed via DAO vote at any given time. Yes or No Question (Mandatory). Do you approve the establishment of the Managing Members role and the appointment of the initial members as outlined in this proposal?

Context and Background Mount Olympus DAO is expanding its structure to better manage internal operations and secure its voting and administrative resources. Currently, certain functions, such as managing official accounts and signing documents post-vote, lack a dedicated team of responsible DAO members. The DAO has recognized a need for clearly defined operational roles to improve efficiency and ensure that all actions follow approved governance measures. This proposal provides the structural framework for implementing these roles without altering the responsibilities of DaoBOX LLC, the existing managing entity.

Objectives and Goals Primary Objective: Establish a designated team of Managing Members to handle administrative, operational, and document-signing responsibilities on behalf of Mount Olympus DAO, while maintaining transparency and member oversight. Secondary Objectives: Define administrative duties for the Managing Members to ensure effective governance. Ensure all DAO actions are executed in compliance with DAO votes and approval processes. Set a foundation for enhanced operational efficiency without modifying DaoBOX LLC’s role as Managing Entity. Expected Outcomes and KPIs: Successful appointment of managing members, verified by DAO vote. Increased clarity and security in DAO asset management, as well as voting and document control. Enhanced communication and adherence to DAO decisions.

Ecosystem Impact Analysis Positive Impact: By appointing Managing Members, the DAO will improve operational integrity and streamline document management. This increased structure will likely enhance member confidence and allow for more transparent operations. Negative Impact and Risks: No significant negative impacts are anticipated, though there may be a learning curve as new members acclimate to their responsibilities. Clear guidelines and ongoing training will mitigate these potential risks. Holder Impact Analysis: Token holders can expect more secure handling of voting processes, consistent oversight of public-facing DAO assets, and a streamlined process for implementing DAO-approved initiatives.

Financial Implications No immediate financial costs are associated with the proposal, as the appointed Managing Members will work within existing DAO resources. Any future expenses required for administration will be addressed through separate proposals, if necessary.

Technical Considerations The Managing Members will manage administrator rights for the Snapshot.com voting platform, the DAO’s official X (Twitter) account, Google Workspace, and website access. No additional technical modifications are anticipated. Security and Compliance Considerations: Managing Members will ensure strict compliance with Mount Olympus DAO’s governance protocols and use appropriate security measures to protect assets and accounts. This setup aligns with legal standards for DAO operations and meets the transparency and accountability expectations outlined in relevant decentralized governance frameworks.

Proposer(s) Proposed by: @moe_linde @Steve_M286 @th2elephant

Supporting Documents and References Snapshot - Where decisions get made