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VitaDAOVitaDAOby0xC05dED6AB80bd29F2Bcf8c2EafFbd9fD22213AcC0xC05d…3AcC

VDP-67 [Governance]: VITA allocations for more dealflow contributors

Voting ended about 3 years agoSucceeded

One-liner: Giving long-term VITA token allocations to top contributors in the Longevity-Dealflow Working Group

Summary

Contributors earn VITA tokens and USDC for completing VDP26.1 bounties and various projects within the Longevity-Dealflow WG.

Proposal: Allocate 750,000 VITA tokens for 8 of the top new contributors and allow up to 200,000 VITA more to be allocated for a few more.

These will be distributed over the next 4 years (with a 1-year cliff).

Motivation

VitaDAO aims to fund and spin out the best translational longevity projects to accelerate progress towards a healthier longer life.

The Longevity-Dealflow Working Group is at the heart of this mission, sourcing, incubating, evaluating, negotiating, and helping advance / spinout projects toward medicine we can all take.

It is paramount that the members have more of a say in what VitaDAO does, via a governance allocation, while giving them more ownership and alignment with our mission.

Specification

Screen Shot 2022-12-13 at 3.47.47 PM.png

Implementation

The tokens will each be in a separate multisig, with the recipient, the VitaDAO Operations Multisig, the VitaDAO treasury multisig, and an individual steward. After 12 months, 25% of the tokens unlock and can be sent to the recipient to own and do with as they please. Each month after that, another 2.08% of the allocated amount unlocks. Each multisig will delegate voting to the recipient so they can vote on proposals day 1.

Off-Chain Vote

For
1.54M VITA85.3%
Against
0 VITA0%
Abstain
265.91K VITA14.7%
Quorum:187%
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Discussion

VitaDAO VDP-67 [Governance]: VITA allocations for more dealflow contributors

Timeline

Dec 20, 2022Proposal created
Dec 21, 2022Proposal vote started
Dec 28, 2022Proposal vote ended
Oct 26, 2023Proposal updated