WHAT
We propose the following execution details to officially retire the multi-sig for DAO governance, approve some of the pending proposals, update token allocations, and move Soft DAO to token holder governance.
WHY
The approved SoftDrop this Christmas proposal included the activation of Soft DAO’s Governor contract and Timelock contract. However, the aforementioned proposal did not include provisions or details for officially retiring the multi-sig. This proposal seeks to provide details and clarity on these matters so that proper execution can occur.
HOW
In consideration of the above, we propose that Soft DAO takes the following actions.
#1. Approve three current, important Soft DAO proposals immediately.
There are several important, pending proposals that have broad community support. Due to their potential impact on where SOFT tokens are sent, we propose approving the latest, updated versions of these proposals immediately. This will ensure that the move to token holder governance is unimpeded and much less complex. These proposals are:
- SoftDrop Follow-up Allocations
- Compensation for Community Leaders and Ambassadors
- Rewards for Leading Crew3 Participants
#2. Update SOFT Token Distributions.
In preparation for sending SOFT tokens to their relevant contracts, we propose the following updated SOFT token distribution. Please note that — unless stated otherwise — the purpose and vesting/unlock terms of the allocations remain unchanged.
#3. Send 2000 SOFT to each multi-sig signer and 5000 SOFT to nosam.eth for website development.
In recognition of their service to the community, we propose allocating 2000 SOFT tokens to each multi-sig signer at the addresses used to sign the multi-sig and 5000 SOFT tokens to nosam.eth for his work on Soft DAO website. These allocations will be immediately available for claiming and funded by the Soft DAO Treasury.
#4. Send SOFT tokens out of the multi-sig.
In accordance with the updated SOFT Token Distributions and the approved proposals, we propose that the Soft DAO multi-sig sends its balance of 976,784,943 SOFT to the following locations.
NOTE: smart contract addresses and outstanding amount(s) will be provided prior to voting.
VOTING
Date/Time
We propose that voting can commence as early as 72 hours after publishing at 17:00 UTC on 27 Feb, 2023. Of course, this assumes healthy community discussion, integration of feedback, finalization of any outstanding mounts, and the provision of appropriate smart contract addresses.
Consensus Method
We propose that consensus is reached via Soft DAO governance multi-sig in its final act of governance before retiring its position in the DAO.
