Electing New TrueFi Foundation Board of Directors

Summary

The TrueFi Foundation is ready for a new slate of Directors. Three candidates put forth their platforms statements:

• Masahide Hoshi
• Nathan Vandy
• Ferengi

Background & Rationale

Alex de Lorraine, Rafael Cosman, and Masahide Hoshi (collectively, the “Directors”) have been serving as interim directors since the TrueFi Foundation’s (the “Foundation”) initial incorporation in 2022. The Directors now believe that the Foundation is in a good enough state to have the TrueFi Community formally elect a new slate of directors for the next 1-year term, beginning on Jan 1, 2024.

This election will achieve Step III, part 2: Governing Board of the TrueFi DAO’s path to decentralization. If the Voting Power of Attorney is approved via Snapshot, TrueFi DAO members will have an effective voice in governing the Foundation's management. This board election will be the TrueFi DAO’s first attempt to use their token voting rights to effectuate an off-chain event.