PIP-77: Governance Evolution & Operational Alignment

Governance Proposals
23

Update: Proposal Passed & Next Steps

Thanks everyone for the discussion over the past few days, really appreciate the time and thought that went into the feedback on all sides.

The proposal has now passed.

We’ll start the implementation early next week. This will include:

  • updating staking configuration and disabling new deposits
  • setting the exit lockup to 0
  • updating governance and multisig configurations
  • beginning the process of settling the DAO treasury accounts and transferring assets in line with the proposal

We’ll share a follow-up once these steps are completed, along with a transaction summary for transparency.

In the meantime, feel free to continue using the forum for discussion, we’ll keep monitoring and responding where helpful.

24

Wow, how many times do we get this same rehearsed line? The rewards were active from 2.0 until just a few months ago, and they were surprisingly high right up until they stopped.

There’s no chance this proposal was supported by the community, but it passed anyway. No wonder market cap is less than $1m now.

2 Likes
25

Update: Implementation Progress

Following the approval of the proposal, initial implementation steps have been completed:

  • Snapshot governance configuration updated
  • Staking deposits paused
  • Unstaking cooldown set to 0
  • UI updated to support immediate unstaking and withdrawals

The staking program is now officially concluded.

Admin privileges on the staking contracts will be removed in the coming days, after a short monitoring period to ensure everything is functioning as expected.

Treasury operations will follow as the next step, in line with the proposal.

Further updates will be shared as implementation progresses.

27

Voting is just for show, to create a false sense of ‘fairness’. Like I said before, no matter how much we oppose it, this proposal will ultimately be passed. They already control enough representatives’ votes. The proposal is merely to inform you — it’s not actually asking for your real discussion :shushing_face:.

2 Likes