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SUP#2: Allocate additional 4% for token distribution

Voting ended about 4 years agoSucceeded

Summary

Add additional allocation of 4% for the suDAO token distribution, to have 19% in total.

Abstract

Among this 19%, we propose to allocate 5% for VCs and 3% for KOLs + DeFi founders with 5% left for public distribution. 6% already distributed for og-members. During the first distribution DAO was able to get extremely valuable members onboard. VCs can further enrich the protocol and give following valutes:

a) More credibility. Regular users who are the primary target of the protocol might not read the whitepaper or the code and would check by simple flags. Because of the community ownership, an organisation with a big name as an investor would be a good green flag.

b) Connections. VC the core team spoken with were very well connected, and can play a role not just source of capital but strategy partners.

c) Resource. First and foremost VCs bring a capital onboard, which is very helpful for the development and marketing. Right now the protocol has to compete with extremely well funded companies on the talend market and marketing. An additional capital would massively help in that.

Proposal

Allocate additional 4% of the SuDAO supply for early supporters with the following token distribution:

  1. 19% in total for distribution rounds 1.1) 6% Genesis distribution [completed] (3 months cliff, 9 months linear vesting) 1.2) 5% VCs (3 months cliff, 9 months linear vesting) 1.3) 3% KoL and DeFi founders allocation, (3 months cliff, 9 months linear vesting) 1.4) Public NFT distribution round 5%, vesting TBD
  2. 24% Development (4 years liner vesting)
  3. 28.5% Protocol incentive (farming etc)
  4. 28.5% DAO treasury

Off-Chain Vote

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Timeline

Dec 06, 2021Proposal created
Dec 06, 2021Proposal vote started
Dec 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated