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[PROPOSAL] DAO Revival Retroactive SBR reward #47

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c2yptic opened this issue Apr 23, 2024 · 0 comments
Open

[PROPOSAL] DAO Revival Retroactive SBR reward #47

c2yptic opened this issue Apr 23, 2024 · 0 comments
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proposal Governance proposals

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@c2yptic
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c2yptic commented Apr 23, 2024

Summary

SaberDAO is alive today due to the active members in the SaberDAO discord, the DAO operations guys, the council, the DAO role holders, and those voting. Without these people contributing to the DAO revival, SaberDAO would not have happened. It is of my strong conviction that the DAO has a huge upside in aligning the long-term incentives with those who revived it.

I think we have a great opportunity now, with the revival aspect, to set a good tone in DAO community alignment using the DAO governance token to ‘invest' in the community in connection to a unique event. The DAO should want to make sure that the ‘revival community and contributors' stay active in the DAO in the longer term, and continue to contribute to the DAOs success.

Motivation

I, therefore, suggest an SBR allocation to all contributors and active DAO members, so that we ensure to make community participation more meaningful and impactful in the long term as the active core community who revived the protocol would have more of an impact in guiding the DAO forward.

Total 3.11% of total supply (311M SBR) spread as follows:

2.71% Contributors and council
0.4% DAO role holders + DAO Revival chapter 1 voters

These retroactive allocations would be allocated in veSBR with a 2-year lockup period - ensuring the long-term alignment and an immediate more impactful community seat in the DAO governance.

Expected outcome

  • Contributor DAO long-term incentive alignment
  • Community long-term incentive alignment
  • Stimulate the Saber ecosystem with more active working veSBR
  • Recognition to the community for the DAO revival

Lastly, I would like to put forth that everyone who helped the DAO revival did so with no expectation of payment, but did so pure heartedly with the intention of just helping out. This is to me honorable on a level that is rarely seen. Let's reward the DAO revivors - But first, lets chat about this and hear peoples opinions and perspectives before we push this to a on-chain vote.

Actions

Mint 311M SBR tokens from the treasury and send to wallet H6SjJMKV2wL19AUYT5SYUq8UGvQ5mnmz7tkjgF2MuXRo , which will distribute the amounts: 2.71% Contributors and council & 0.4% DAO role holders + DAO Revival chapter 1 voters

@c2yptic c2yptic added the proposal Governance proposals label Apr 23, 2024
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