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UMA ProtocolUMA Protocolby0x27012992d7a26c944Cc4b6E70cb5a1860b0752ca0x2701…52ca

Request for funds to run a 10 person delegated voting pilot

Voting ended about 3 years agoSucceeded

Requesting funds to create a small pilot program that would give voting grants to 10 people.

Total Budget Requested The budget is 10 delegates X 5,000 $UMA each = 50,000 $UMA.

Most or all will be given back to the DAO at the end of the program. The only reason it would be fewer is if one or more delegates staked without voting and lost some of their stake.

These 50,000 $UMA would be requested to be sent to a Risk Labs multisig address. Risk Labs would then be responsible for setting up and deploying this program. RL would be the custodian of all 10 cold wallets.

At the end of the program, RL would reclaim the StartingAmount from each cold wallet and send the remainder to the associated hot wallet. Then, all the base amounts would be returned to the DAO. As mentioned above, there is a possible scenario where some wallets have a lower balance, in which case the DAO would eat the loss (the loss that was distributed evenly among ya’ll good voters.)

Requested: 50,000 UMA Destination multisig: 0x8180d59b7175d4064bdfa8138a58e9babffda44a

Off-Chain Vote

For
5.27M UMA100%
Against
0 UMA0%
Quorum:159%
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Discussion

UMA ProtocolRequest for funds to run a 10 person delegated voting pilot

Timeline

Jan 26, 2023Proposal created
Jan 26, 2023Proposal vote started
Jan 31, 2023Proposal vote ended
Oct 26, 2023Proposal updated