Proposals of #144

Convert Core 1 to an Official SubDAO

Exec Legacy Content
passed
Expected result
Turnout / Quorum
91.24% / 33.40%
Voting start 2023.02.07 at 00:02:58
Voting end 2023.02.12 at 00:02:58
97.77%
36 231 466 juno
Yes
0.02%
6 282 juno
No
0.00%
132 juno
Veto
2.22%
821 777 juno
Abstain

Details

logo
Proposer
-
Total deposit
1 000 juno
Submit time
2023.02.07 at 00:02:15
Deposit end time
2023.02.17 at 00:02:15

Description

From the original Juno Tokenomics blog post:\n\n> Approx 10% of the supply difference was allocated to the core-1 development reserve (multi-sig) address for the funding of core infrastructure development.\n\nCore 1 (also know as Root) has helped make Juno into what it is today, a vibrant community and one of the leading chains in the Cosmos. At the same time, Core 1 has not been perfect. As Juno has grown it has increasingly become important to bring in more community representation and decentralization of responsibilities. Thus, Core 1 must evolve.\n\nThis proposal aims to make Core 1 an official Juno SubDAO, making it's membership an elected position with the potential to remove members that are no longer active, as well as giving the community direct admin ability. The SubDAO shall be funded by transfering the current Core 1 Develoment Reserve tokens to the new Core 1 SubDAO.\n\n## The Future Core-1 SubDAO\n\nCore 1 will continue to carry out its assigned mission of funding and leading development of Juno.\n\nFor ease of transition, existing Core 1 members will also be part of the new SubDAO:\n\n- Wolf\n- Dimi\n- Jake\n- Block\n- Jack\n\nIn addition, two additional individuals Juno's Core contributors will be added:\n\n- Maxjuno\n- the-frey\n\nJuno would not exist without them, and both have spent many sleepless nights in service of this chain.\n\nFuture members may be elected by governance, at any point members may be removed by governance if the community looses confidence in them.\n\n## Implementation\n\nThis proposal will create an official Core-1 SubDAO with the individuals listed above as official members.\n\nUpon the passing of this proposal, the existing Core 1 multisig will transfer any liquid funds to the new official SubDAO. The vesting funds remaining in the existing Core 1 Development Fund multisig will be transfered to the Official Core 1 SubDAO in a future software upgrade.\n\n## Verifying the SubDAO Instantiation Message\n\nInformation on verifying and understanding the SubDAO Instantiation message and how it works can be found here. More info on verifying DAO DAO V2 Contracts and Code IDs can be found in the DAO DAO wiki.\n\n---\n\nBy voting YES you approve that Core 1 should be transitioned to an Official SubDAO as described in the proposal above.\n\nBy voting NO you disapprove of the proposal in favor of things remaining as they are.\n\nBy voting ABSTAIN you ABSTAIN from making a ruling.\n\nBy voting NO WITH VETO you express that you would like to see depositors penalized by revocation of their proposal deposit, and contributes towards an automatic 1/3 veto threshold.\n

Votes

Voter
Answer