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Unifi Protocol DAOUnifi Protocol DAOby0x03F9F1f03A2181B1bf0324977222488997dA0BA00x03F9…0BA0

Referendum to Recuse UNFI held by SEED from voting on SEED related matters.

Voting ended over 4 years agoSucceeded

It is very difficult at this stage to quantify the long term ramifications of the SEED and UNIFI Protocol merger.

The terms of this merger will be vital to the long term success of UNFI and it's ability to attract and retain Liquidity Providers.

Understanding how the terms of this merger can result in unanticipated and unintended consequences requires unbiased analysis.

It is Prima Facie that the SEED team is inherently biased. Knowing that UNFI was born under the auspice of a DAO, the SEED merger announcement contained this one line;

Once details are finalized, the plan will be submitted as a core referendum to the UNFI GGM for final approval.

Looking at the past 3 referendums that had project specific ramifications, not tests or polls, there were an average of 27,148 UNFI votes from 15 addresses. The highest referendum garnered 34,236 votes from 27 addresses.

It seems with UNFI/SEED's 75,000+ UNFI they can swing this vote without any illusion of the independent UNFI holders having a voice at all.

This referendum is to acknowledge UNFI/SEED insiders inherent conflict of interest and encourages them to recuse themselves from any vote on the final approval of the terms of the SEED merger.

REFERENDUM: Should the SEED insiders, and SEED held UNFI, be recused from voting on the terms of the SEED merger?

Off-Chain Vote

Approve
9.67K 18.9%
Decline
41.53K 81.1%
Download mobile app to vote

Timeline

Jul 17, 2021Proposal created
Jul 17, 2021Proposal vote started
Jul 23, 2021Proposal vote ended
Oct 26, 2023Proposal updated