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RomeDAORomeDAOby0x79d0B656751D4C2413B7839e0eB52095446d7b3f0x79d0…7b3f

RIP-011: Create a ROME Token Option Pool

Voting ended almost 4 years agoSucceeded

The author of RIP-011 seeks to use 11,500 ROME from the warchest as a pool of tokens to incentivize long-term retention of developers.

Implementation: 25% of tokens in this pool would vest after 1 year, the remainder would vest linearly for 2 years. For the developers partaking in this pool, no longer working at any time would result in forfeiture of tokens, sending them back into the pool to follow the same schedule for other recipients. Tokens will be sent to a dedicated vesting multisig so token holders can audit the tokens and ensure they do not move before the designated 1 year cliff and do not vest at a pace faster than the 2 yr vest that follows.

Specifics of this token vesting would be delegated to core Sempronia contributors with senators responsible for making sure the implementation is executed faithfully. The recipients of this token pool would be decided by the Sempronia core developers responsible for overseeing these tokens and confirmed by senators.

Details to be strictly followed by this proposal:

  • 11,500 ROME which will be staked upon passing the proposal
  • 25% vesting after 1 year, the remainder vesting linearly for 2 years

Off-Chain Vote

Create Token Option Pool
61.65K 82.2%
Do Not Create Token Option Pool
13.33K 17.8%
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Timeline

Mar 12, 2022Proposal created
Mar 12, 2022Proposal vote started
Mar 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated