[CMP #1] - End of Manual Migrations (SPONSORED)

Quoted from the DAO discussion forum post linked below:

"Objective: This proposal aims to end the manual migration process for wMEMO.

High Level Details: Due to security risks surrounding the multichain that lead to over 3.000 unbacked wMEMO in circulation Wonderland migrated to a new token called Volta. This was explained in their announcements and several Discord comments over months now. The team has taken precautions to mitigate the risk by offering a time limited automatic migration of 69 days that ended on the 6th of November. Since that window closed the migrations are being done manually in a seemingly time consuming process that the team plans to keep open indefinitely. I propose to limit these manual migrations to the 01st of January 2024.

Provide Low Level Details: Wonderland or now Volta had a lot of changes. At times it was hard to keep up with them. A long time holder I appreciate the new system that leads to a lot less votes and announcements about things I do not care about. The treasury is managed and my investment grows. The team solid and available. I want to move on. We holders had to take a lot of hits because of unclear management under Daniele, unclear management under permanent DAO votes and are ready to move on from that. Anybody that wants to keep supporting is migrating to Volta and anybody who doesn’t is only keeping the focus of the team in the past. Active participating holders should not be stuck because of people that gave up a long time ago. How many people do we want to pay to enable safe migration for somebody that never bothers to follow? Other protocols like ICE (also Daniele) or Lybra do not offer that. Why should we? The active investor base has had ample time to migrate. Continuing to allocate resources for inattentive investors detracts from those actively participating.

I propose a clear cut of manual migration time until the new year with the cut off date set on 01.01.2024 and then we should move on from the past. I propose to close migration and move on with an active supportive community and grow from here. Cut the cord and walk again not be stuck in the past.

Multichain recently started to be active again and funds were moved from wallets. There are a lot of suggestions to exclude the wallet and keep the contracts open but to circumvent that would be easy by transferring simply into a new wallet, or sell on market, flooding our wMEMO and due to unlimited migration also Volta with thousands of unbacked tokens. It would also cost a lot of money to keep this situation under permanent surveillance to be able to react when needed. This is a huge risk for us faithful holders. Any manual migration involves lots of tasks to be performed as it is easy to observe in chats. It’s wasted time that these people can spend working to bring us holders and our investments forward, not stay stuck in the past. Not migrated wMEMO is currently out of circulation and is positive for all Volta holders. Let us move forwards and solve the security risks that are affecting us as long as any form of migration is offered. The positive effects for all us Volta holders is obvious and I find it very sad that we are risking funds and stalling progress for people that do not check or abandon their investment for years."