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SIP-8 Contributions to DAO

Voting ended over 5 years agoSucceeded

This proposal seeks to summarise and formally ratify the conclusions of a community discussion on Discord regarding the specifications around the contributions to be made to the DAO.

The discussion can be found here: https://discordapp.com/channels/751609290002923580/751610359168630786/754418033912578149

Community has decided that all the contributions made to the DAO for the purposes of covering the cost of smart contract audits, as well as any operational costs arising in the short to middle term - prior to the treasury being set up (SIP-2), be classified as "zero-interest loans to the DAO".

The contributions would be made to a Gnosis Safe Multisig wallet set up here: https://etherscan.io/address/0x32fd2B855a0e4b5aC7c9a15a4518c6DB24E04FEA

It is proposed that these contributions would eventually be returned from the treasury when treasury is set up, and in good health. The return schedule, terms and definition of "good health" would be decided by future community discussions and an accompanying proposal.

Disclaimer/Risks of Contributing to the DAO: There is always a chance of loss of funds due to a lot of factors that cannot be specifically accounted for. While this proposal seeks to ratify return of funds from a future treasury, it should, by no means be considered a guarantee. The DAO, its representatives, and participants make no claims of guaranteeing the return of funds contributed.

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Timeline

Sep 12, 2020Proposal created
Sep 12, 2020Proposal vote started
Sep 13, 2020Proposal vote ended
Jan 23, 2024Proposal updated