{Scp 193} Reimbursement for Unblocking Snapshot Governance Strategies

Summary

This proposal seeks reimbursement of $6000 in USDC for the payment that was made on 2/14/25 by @giantkin from a personal wallet to keep the ShapeShift DAO governance strategies operational in Snapshot.

Motivation

While Snapshot announced and reached out over a year ago to get all of their chain supported partners to upgrade information to be added to as a ‘Premium Chain’(Link), Arbitum and Gnosis did not complete the required work and were recently removed from basic support inside SnapShot strategies.

ShapeShift was not given any advanced notice to the functionality change of some of our strategies (FOX on Arbitum and FOX on Gnosis) due to them being outside the ‘Premium Chain’ support. Our instance of Snapshot was blocked from future posts unless the DAO either removed the offending strategies from our Governance, or pay $6000 for a year subscription to allow all of our strategies to continue as implemented and unblock the posting of new proposals.

Leadership decided that it was worth the subscription cost to pay for the year and not block FOX hedgey holders, rFOX holders, and any other FOX holders on Arbitum and Gnosis from voting on current proposals.

Here is the TXID of the payment that was made to unblock our Snapshot instance: Ethereum Transaction Hash (Txhash) Details | Etherscan

Specification:

Send $6000 worth of USDC on eth to 0xff75E131c711e4310C045317779d39B3B4f718C4 address.

Benefits: Reimburses a contributor for the out of pocket cost to maintaining open governance.

Risks and Considerations: Will cost the DAO $6000 in USDC for a one time reimbursement.