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mStable DAOmStable DAOby0x908DB31Ce01DC42c8B712f9156E969bc65023119mzeronine.eth

Creation of the mStableDAO Asset Management subDAO - Motion

Voting ended over 4 years agoSucceeded

It is motioned to put to a public vote the creation of an Asset Management subDAO committee that will exist within the mStableDAO signer group.

This is done to strike a solid balance between decentralization and efficiency for governance processes. It will also allow the mStableDAO to maximise the productive capacity of the assets it has at it's disposal, allowing the DAO to participate in ecosystem-wide liquidity mining & yield-farming activities with much less lag than is currently the case.

The Asset Management subDAO will consist of 3 signers from the mStableDAO, and be a 2/3 multisig. A new Gnosis Safe will be deployed for this subDAO, and all asset management requests from the ecosystem will be handled by it going forward.

Funding for the subDAO will be handled in the monthly mStableDAO signer calls.

The current Cat Herder will provide a short summary of activities for the Asset Management subDAO in each signer call, so the wider mStableDAO signer group can stay up-to-date on the committee. The Cat Herder will also be responsible for assuring that all on-chain activities related to these asset management activities will be executed in due time and with proper diligence to maximize the potential of said assets, and one signer from the subDAO will be chosen to liaise with the Cat Herder to handle transactions.

Should this motion to create an Asset Management subDAO committee be shared as a public proposal on the mStable forum and snapshot page?

Off-Chain Vote

Yes
40 100%
No
0 0%
Abstain
0 0%
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Timeline

Jul 28, 2021Proposal created
Jul 28, 2021Proposal vote started
Aug 02, 2021Proposal vote ended
Oct 26, 2023Proposal updated