Reallocate Profit Share to Interim DAO multi-sig

Summary

This proposal seeks to update the recipient of the PROFITSHARE (Outlet 1) on the X7TreasurySplitterV3 contract to the interim DAO multi-sig wallet (0x7dcb82decbeb1f41bc9eb00a552b085ba356a256).

Background

Currently, the PROFITSHARE outlet (Outlet 1) is set to the X7ProfitShareSplitterV1, intended for profit distribution amongst unknown contributors. To improve the management and security of these funds, this proposal seeks approval for reallocating this share to an interim DAO multi-sig.

Proposal

Call the setOutletRecipient function on X7TreasurySplitterV3:

• Outlet: PROFITSHARE (Outlet 1)
• Recipient: 0x7dcb82decbeb1f41bc9eb00a552b085ba356a256

The implementation will involve the following function call:

X7TreasurySplitterV3.setOutletRecipient(1, 0x7dcb82decbeb1f41bc9eb00a552b085ba356a256);

Rationale

Reallocating the profit share to the interim DAO multi-sig wallet provides the following benefits:

Control: Direct control over the allocation of funds, enhancing transparency and aligning with the principles of decentralized governance. Flexibility: The multi-sig can be updated or managed by elected DAO members, allowing for adaptive and responsive fund management.

Conclusion

This proposal aims to enhance the security and governance of the X7 DAO's funds by reallocating the PROFITSHARE to the interim DAO multi-sig wallet.