The proposal has PASSED as of 10/10/21 16:00 UTC, with 93.64% voting in favor of transferring 200 owner bags to a community controlled treasury.
Snapshot results here.
This is a proposal to move 200 of the remaining 221 remaining “owner bags” into a community directed treasury. This community can vote over time using the Proposal → LIP framework on how to direct the bags.
In order to burn the keys to the Loot contract, we need to decide the fate of the 200 owner bags.
This is currently the approach I am most in favor of, so I’m starting with this proposal.
Placing the bags into a treasury gives the community a lot of flexibility, allowing them to be directed later into one or many different intiatives (e.g. Proposal: Daily Owner Bag Auctions or many of the ideas discussed in Owner Bags)
At the same time, the treasury itself has a limited resource (the bags) and scope of responsibilities (what to do with the bags)
Here is the order of actions:
- Dom mints the 221 remaining owner bags
- 200 bags are transferred to a neutral multisig with signers of Dom’s choosing
- Keys to the Loot contract are burned
- Multisig implements Compound/Noun-style treasury governance for Loot owners which can be used to direct funds
- To prevent early derailing, the treasury will be locked for at least 90 days
Why use a multisig?
This is an intermediate step which allows us to get the bags out of my hands and move on with burning the keys. There is then some time to implement the system that will live on top of the treasury. Once the system is implemented, the multisig is no longer needed.
Please note that voting against is not directly voting to burn the bags. If necessary, this will come in another proposal.
- For: Move the 200 bags into a treasury
- Against: Back to the drawing board
Voting For this proposal means you are in favor of establishing a community directed treasury as outlined in the proposal above.
Voting Against this proposal means you are in favor of looking for a different approach — such as multiple treasuries like this proposal by John Sterlacci.