Vote: FOR
Rationale:
We have spot-checked and verified the distribution files and Merkle tree root hashes and approve those gas refunds distributions.
Vote: FOR
Rationale:
We have spot-checked and verified the distribution files and Merkle tree root hashes and approve those reward distributions.
Vote: FOR
Rationale:
We support discontinuing the Gas Refund Program because the data demonstrates that its financial impact is minimal, while the operational complexity remains high. The original purpose of the GRP has been eroded by network upgrades and lower gas fees, making the program largely obsolete. Ending the GRP will streamline DAO operations, reduce unnecessary administrative work, and preserve treasury resources for higher-impact initiatives, aligning with VeloraDAO’s long-term sustainability goals.
Vote: FOR
Rationale:
We have spot-checked and verified the distribution files and Merkle tree root hashes and approve those reward distributions.
Vote: FOR
Rationale:
We have spot-checked and verified the distribution files and Merkle tree root hashes and approve those gas refunds distributions.
Vote: AGAINST
Rationale:
Opposing the proposal is justified by the significant risk of creating an open-ended liability for the DAO. As highlighted by citizen42, reopening compensation after the claim window has closed could set a precedent that undermines the finality of governance decisions and exposes the DAO to ongoing, unpredictable claims. Additionally, as jameskbh points out, the ethos of self-sovereignty in crypto places responsibility on users to manage their approvals and security, even after a vulnerability is disclosed and addressed. The original process was transparent and closed, and deviating from that could erode governance credibility.
Vote: FOR
Rationale:
Supporting this proposal is justified by the urgent need to align Velora’s fixed costs with its reduced revenue and token valuation. The proposal offers a clear path to preserving runway for essential product development and protocol maintenance by eliminating the cost and reducing token dilution. The approach is pragmatic, focusing on protocol survival and continuity, and maintains open governance participation even as compensation is paused. We are looking forward to the future development and potential retroactive compensations to the active delegates as citizen42 suggested.