VIP #1: Token Buyback Mechanism

This ValiDAO Improvement Proposal suggests implementing a buyback mechanism to repurchase $VDO tokens on the open market, on a monthly cadence, in line with the revenue and profitability of validator operations across active networks.

Proposal

On a monthly basis, on or near the first day of each month:

• Use 25% of accrued validator rewards on all networks to repurchase $VDO tokens on the open market, sending the repurchased tokens to the DAO treasury multi-sig (0x2574aC3027EdF0a16660AF176f1E92E8762cE7eb).

Voting Details

Quorum

A minimum of 10% of the total voting power must participate for the vote to be valid.

Voting Period

The voting period will last for 5 days.