As the nomination period for the CU treasury multi-sig holder election concludes, we note that only three individuals have accepted their nominations, despite multiple extensions.This suggests a clear preference within the DAO to refrain from electing a new custodian for the CU DAO’s treasury multi-sig, even after the turnover. With the majority expressing on Discord a preference to maintain the existing custodianship, we believe the appropriate response is to honor this preference. Moving forward, the Laguna Games team will assign custodianship of the DAO multi-sig to trusted individuals within legal and finance capacities.
Despite this we want to assure the DAO that we remain committed to a balanced distribution of voting power. Reducing the voting influence of the Team and Investor block remains a priority, and we will proceed with our original commitment as outlined previously, aiming to complete these steps by November 14, 2024.
Here’s a summary of the transactions for anyone who may have missed the previous post.
- Remove the 23,600,000 Team and Investor lsCU tokens we locked for voting.
- Rather than continuing to vote as a unified block, we will distribute the Investor and Private Sale tokens to their respective owners,
- Burn a total of 10,405,179.17 Team CU, comprising both the unallocated portion and unlocked sCU, permanently removing these tokens from circulation.
After the turnover, effective November 15, 2024, the Laguna Games team will assume a limited custodianship role, responsible only for queueing multi-sig transactions in alignment with Snapshot results and within the scope of the Crypto Unicorns Guiding Principles.
We believe that, following the completion of the turnover, the DAO will be better positioned to align with the community’s expectations, and we look forward to this next phase.
Moving forward all multi-sig distribution requests and other governance-related facilitation requests may be coursed through the facilitator@cryptounicorns.fun email address.