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NuCypher Stakers DAONuCypher Stakers DAOby0x093670106724d5B1739bD96A1db2c8Ed2B5c759B0x0936…759B

Should the NuCypher and Keep networks pursue a collaboration?

Voting ended almost 5 years agoSucceeded

Background The NuCypher and Keep communities recently proposed an on-chain collaboration that would form a unified threshold cryptography network. The original proposals and subsequent community discussion can be found in the links below: 
* NuCypher DAO forum: https://dao.nucypher.com/t/codename-keanu-the-first-ever-decentralized-on-chain-network-hard-merge-between-keep-and-nucypher/159

  • Keep forum: https://forum.keep.network/t/proposal-keep-and-nucypher-hard-merge/74

Based on initial feedback there appears to be sufficient support in both communities to continue working towards this collaboration and iterate on a final proposal.

Signal This informal signal is meant to gauge continuing Staker support for the above. It is not a formal DAO proposal and it has no on-chain impact.

It’s meant purely as an opportunity for Stakers to signal their interest or non-interest in a future final proposal that would capture the following key terms:


  • A new staking contract that would accept either NU or KEEP, with an approximate 50/50 split in staking power (likely weighted by the stake-able supply in each network)
  • Creation of a DAO for the new network controlled by Stakers
  • Launch of tBTC v2 on this new network, with the ability for existing NU stakers to opt-in and earn fees

Next Steps If there is sufficient Staker support for this signal, then the communities would continue to collaborate on developing a final proposal for DAO approval.

A final proposal would address implementation details, economic design, and other relevant considerations, which would be the subject of forthcoming community discussions and signals.

For example, a significant economic consideration would be the percentage of unminted NU supply transferred to the control of the unified network’s DAO.

Off-Chain Vote

Yes
33M 100%
No
0 0%
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Timeline

Mar 22, 2021Proposal created
Mar 22, 2021Proposal vote started
Mar 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated