This is an apparent consensus vote, open to ROOK and xROOK token holders.

• Vote 'No objection' if you agree with the proposal.
• Vote 'Object' if you disagree with the proposal. If voting ‘Object’ to the proposal, you are encouraged to voice your reasoning on the Rook Forum. Objections that are backed by a strong argument may potentially hold more weight than a simple objection vote.

Sophon Recommendation

The Sophons reached a consensus of "no objection", with three recommending in favor of this proposal, one recused, and one abstained due to unavailability.

Results

KIPs that receive > 50% ‘No Objection’ votes do not automatically pass. On completion of the vote, ‘Object’ votes will be analyzed and discussed by the Rook team and community. If a significant number of objections occur, the vote will either be marked as ‘Failed’ or enter a reconciliation phase. For more information, see the Rook Governance Beigepaper.

Proposal Full Text Links

LINK Forum post LINK Github post of record

Proposal Text

kip: 42
title: extend KIP-26 through Q2 2023
category: delegation of powers
author:  @JasonW (jason@rook.fi) 
status: sophon review
created: 2023-01-30
replaces: 
dependencies: KIP-12, KIP-21, KIP-26

Proposal

Extend KIP-26 (and thus KIP-12 and KIP-21) through the second quarter of 2023.

References

[1] KIP-12 Empower key contributors to expand and organize KeeperDAO
[2] KIP-21 Extend KIP-12 until the end of Q2 2022
[3] KIP-26 Extend KIP-21 until the end of 2022
[4] Q1 quarterly report
[5] Q2 quarterly report
[6] Q3 quarterly report
[7] Q4 quarterly report

Background

Summary

This KIP proposes to extend the powers granted in KIP-21 (and by extension, those in KIP-12 and KIP-26) by an additional six months, through the sooner of the end of Q2 2023 or until superseded by another KIP.

Nature of powers to be delegated

KIP-12 [1] empowered @hazard and @JZ to expand and organize KeeperDAO during the first quarter of 2022, and was extended by KIP-21 [2] through the second quarter of 2022 and by KIP-26 through the end of 2022 [3]. This KIP proposes to extend the same powers articulated in those proposals.

Term of delegation

This proposal will cover the six months ending June 30, 2023, unless superseded by another KIP prior to that date.

Budget

There is no anticipated budget to fund this proposal beyond that established in Rook’s quarterly budgeting process.

Mission Alignment and Rationale

The leadership team has driven a complete reorganization of the DAO’s contributorship, the delivery of major protocol and product developments and the building of a cohesive and high-performance organization during the course of 2022 [4,5,6,7]. This proposal is intended to empower them to complete the promised cycle of work first formalized in KIP-12 [1] and to guide the DAO through key upgrades to the protocol.

Expected benefits for Rook

Continuity in leadership will be essential for Rook as a whole to realize the potential of the transformations undertaken in 2022, especially given the upcoming launch of key protocol developments. Keeping current leadership in place will enable Rook to reach the goals set out in Rook’s quarterly reports over the course of 2022 [4,5,6,7]. Keeping the same leadership team will also provide stability for existing and potential integration partners, allowing ROOK to strengthen the roots of existing relationships and maintain its standard of transparency for new partners

Potential risks and mitigation

Continuing to delegate these powers to hazard and JZ could pose potential risks to the DAO given the concentration of authority. The fundamental mitigation of this risk is in the temporary nature of this proposal. This KIP is intended to provide time-limited authority to lead the DAO and protocol development into the first two quarters of 2023.

As first proposed in KIP-26 [3], this KIP continues to require committing to consistent reporting of progress. Effective reporting will require some combination of written updates, periodic community meetings to discuss progress, and the continued development of dashboards where the community can monitor that progress.

Oversight and Recourse

The leadership will operate under the review of the Sophons as established in KIP-12 [1]. The community also retains several forms of recourse. In the event that the community comes to consensus that leadership’s actions no longer have their trust, they could take any of the following actions:

• Convene an “all hands on deck” community call with the leadership team to address specific issues
• Unwind the authorities granted in this proposal through a formal KIP

Delegated Team

The leadership team members to be delegated the powers in this proposal are:

• @hazard, CEO
• @JZ, CTO

Specification

1. Extend KIP-26 until the end of Q2 2023, i.e. midnight UTC on 30 June, 2023
2. Continue to provide periodic reporting to the community on progress and new developments