Creation SquidDAO ‘Policy Team’

Summary Squid has matured very quickly — and the time has come to decentralize ALL policy decisions to a ‘Squid Policy Team.’

The ‘Policy Team’ powers will cover all policy decisions including: changes to bonding, addition of new assets for bond, changes in APY, and generally- any decision related to SquidDAO’s policy.

The Listing Committee will consist of 5 Nominees who are voted in by Squid NFT holders. This will enable the protocol to both move quickly and decentralize decision making powers to highly-valued community members.

The policy team will begin as a governance elected team where decisions are made in a private discord channel— 3 ‘Fors’ are required to pass any policy change. The ‘core team’ will still need to execute all approved changes, but has formally pledged to implement ALL changes voted in by the ‘Policy Team.’

Over time, Policy Team votes will be moved to a Policy Team-only snapshot, which will be publicly visible to all.

Compensation Each member of the Policy Team will receive 0.0014 sSquid (~$1,000) per month of work.

Re-elections At the end of every quarter, anyone in the community is allowed to call for a new election. If no election is called, members automatically remain the same.

This vote needs 50% participation to reach quorum (39 nfts)

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For

Approve the creation of a 5 person Policy Team. Policy Team will adopt ALL powers related to policy decisions.

3 / 5 ‘fors’ required to make any policy change.

Approve outline comp and re-election plan detailed above.

Against

Do nothing