Summary:

This proposal seeks to establish two new procedures for the DAO:

1. The first procedure relates to the receipt of DAO bursaries in EDT or shards. The proposed procedure stipulates that it is the responsibility of the recipient to ensure they receive their bursary within 7 days of the financial statement acceptance as information vote being passed on snapshot. If the bursary is not received within this timeframe, the recipient has a further 7 days to contact Jen or Chris to sort this out. Failure to do so constitutes forfeiture of that quarter's bursary.

2. The second procedure proposes a shift to quarterly financial statements. This change aims to streamline the financial reporting process and provide more timely and relevant information to DAO members.

Procedure:

The procedure for this proposal will be a single-choice vote.

Quorum: This proposal met quorum as a pre-proposal, and graduated to a final proposal accordingly. As such, the option to abstain has been removed.

Options:

1. Accept as Information: Vote in favor of the proposed procedures for DAO bursary recipients and the shift to quarterly financial statements.
2. Do Not Accept as Information: Vote against the proposed procedures for DAO bursary recipients and the shift to quarterly financial statements.