Summary

Risk DAO is a service DAO that aims to build open-source tools and resources to make lending, borrowing, and collateralized debt positions (CDP) protocols safer and the risks more transparent for users. Vesta being a CDP protocol managing millions of dollars worth of users’ collateral, there was an essential need for objective third-party risk assessments and frequent monitoring. Risk DAO proposes this service.

The compensation for this collaboration is $50k per quarter, divided into two-thirds in stablecoins and the rest in $VSTA. The stablecoin payment will be executed immediately at the end of each quarter, and the $VSTA payment will be calculated with a 30-day weighted average price, with a vesting time of three month cliff. Vesta will utilize its treasury to pay for this activity. The partnership will last for a quarter to start with but will be renewable at the end of each quarter.

For more detail, please visit the discussion link.

Voting Structure

Voting period is three days and will go from Jul 12, 2022 22:00 to Jul 15 2022 22:00 (PDT).

A quorum of 5% of circulating supply is needed to make this proposal valid. As of Jul 12, 2022, this is roughly equivalent to 250k tokens. A majority vote is needed to pass this proposal.