Background

The Keep and NU communities have hashed out several rounds of network upgrade proposals and the time has come to implement a snapshot in both communities to vote on an implementation plan.

Proposal Overview

• The NuCypher and Keep collaboration will be implemented as a network upgrade.
• “No token left behind.” Whether staking, LPing, or simply holding, all holders will have an equal opportunity to participate on the same terms without being punished for upgrading “late”.
• Inflation in NU and KEEP will be suspended by respective DAO votes and replaced by inflation in T.
• Post-upgrade governance decisions related to the Keanu DAO treasury and functioning of the Keanu network are not part of this proposal.

Before voting a list of community FAQs and more important information including infographics and previous community calls explaining the rc0 proposal is available to review:

https://www.notion.so/T-Token-Proposal-RC0-fd1730ba09b2409fb6d224217467701c

Furthermore, the full proposal is available on the Keep and NuCypher forums:

• https://forum.keep.network/t/t-token-proposal-rc0/264
• https://dao.nucypher.com/t/t-token-proposal-rc0/271

Vote Structure

This signal focuses on rc0 because after much conversation in both communities this proposal has emerged as the favorite. Furthermore, this proposal was vetted by third parties to ensure all tax and legal aspects are in form. However, this signal contains three options so that no proposal is left behind and community members may express their interest in voting for a separate proposal.

We kindly request that if you do not vote for rc0 in this signal that you drop a note in Discord explaining your reasoning so that our communities can work together to move forward based on this feedback.

FAQ