Abstract
The purpose of this proposal is to pause all recurring payments until a new path forward is decided on. With the current monthly payments that are occurring, the treasury will be drained within 3 months without having a chance to even make a decision on the path forward. As such, the author suggests we pause all recurring payments to ensure a plan is set in place prior to making anymore new payments. This proposal is to come in effect starting October 31st, 2024.
Motivation
Following the failure of the treasury distribution and DAO dissolution proposal, the community does not have enough time to meaningfully plan the next step.
Details
The process would unfold following these steps.
- The DAO will pay off all remaining liabilities. This includes mod salaries, uniWU.me payment, LG salaries for Oct, Council member payments for the term served if they are eligible, and any other payments that the DAO has committed to for the month of October. After which, no more subscriptions or payments will be made.
- We will pause all future payments to any subscriptions. This includes:
- Vault Team staking contract maintenance of $15,000 monthly.
- Laguna Team Multi-Sig Operations, Staking Reward Pool, Marketplace, Website and Staking website Maintenance $7,000 monthly. (Thus staking and marketplace will be permanently closed)
- Twitter blue check $11 monthly
- Gitbook $300 monthly
- Discourse governance forum $100 monthly (will NOT be paused, to allow the governance to continue afterwards).
- Any engagement or expenses spent on toys or series licensing efforts.
- Any additional monthly expenses for the CU IP that may have not been included above.
Conclusion
By pausing all payments, the DAO will have time to think of the next steps on how to continue this project without bleeding all of the remaining treasury before getting a chance to even forge a path forward.
Snapshot: Snapshot