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Rejected
Requested:
1.00 KSM

Referenda #162

Proposer:
HACN...FTy7
 
in Democracy
Beneficiary:
(1.00 KSM)
18th Apr '23

0x436f6e7369646572204841434e4120616e204163746976697374205374616b65686f6c6465722e2041414720697320696d70726f76696e672e20456d7068617369736520646973636f75727365206f6e20326e642070617274206f66206f757220566f74696e6720506f6c6963792e2057652076616c756520707269766163792e

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Proposal Failed

The approval was lesser than the threshold for this track.
Summary
Failed
13.3%Aye
AyeNay
86.7%Nay
Ayes(23)
8.78K KSM
Nays(205)
57.30K KSM
Support
12.59K KSM
Voting Details
Approval0.00%Threshold0.00%
Support0.00%Threshold0.00%
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2Comments
FLKB...svZR
 
 
18th Apr '23

Interesting... now we know you're watching the AAG.

Jay will be very proud of you, lol

dashboard profile icon
ChaosDAO_Referendum_Commission
 
 
3rd May '23

ChaosDAO, in efforts to bolster transparency within the community, has offered the below rationale for its decision to abstain on Referendum 162.

As noted in our previous response from HACN’s on-chain remark with referendum 157 (https://kusama.polkassembly.io/referenda/157), HACN has used on-chain remarks to interface with the community. Given HACN’s significant holding of KSM, their opinion has a large sway on the success of various referenda.

This on-chain remark highlighted the retroactive funding bias outlined in ref 157, but also pointed out the improved discourse of governance through AAG also known as Attempts at Governance. AAG is a weekly segment run by The Kusamarian’s Jay Chrwanna. Every Monday, engaged community members, such Leemo and Phunky from ChaosDAO, sit down and discuss governance items facing the community.

HACN seems to appreciate this discourse and we as a DAO do as well. HACN does seem to favor anonymity which we value, however, many in the DAO believe using on-chain remarks and clogging the chain in this way is a suboptimal means of communication. Others see that this may be one way to spread the message to multiple people in the ecosystem as comments are often missed.

Regardless, we voted abstain given the nature of this referendum was purely for communicative purposes

9% Aye 91% Abstain


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Members of the Fellowship Collective involved in projects flagged by the OG tracker should provide a proper explanation, return the funds to the Treasury, or face expulsion.

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This RFP was adapted over several weeks on AAG to turn a treasury proposal in discussion to an RFP with refined scope and oversight.

To apply for the prize pls fill out this form.  


Prize Pool: $43,000
Finder’s Fee: $2,000 **
Supervisors: $5,000

Supervisors (Bounty Curators)

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  • James Slusser

Excess or unused funds will be returned to the treasury by Bounty Curators.

Timeline

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Monday, March 24 - Single-ref Bounty + Curators ✅
4 Weeks after Bounty Funding - Submission Deadline Thursday
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Project Scope

Smart Contract Development

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User Interface

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Anti-correlation Attack Mitigations:

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Open-Source Delivery

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** re: Finder’s Fee: this payment is set aside to incentivize a broad search for the right implementor. Finder’s Fees are paid out at time of team engagement. Teams that submit themselves can collect their own Finder’s Fee at completion of project.

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To prevent potential mismanagement of Youdle DAO treasury funds, we propose temporarily transferring these assets to the Kusama Treasury, which is now the safest option.

Rationale:

The Invarch team, which currently controls the funds, has a history of questionable financial decisions, including the transfer of more than 200K ASTAR from the DAO to a CEX without transparency.

Community members have raised concerns and asked questions about fund management, but the team has not provided clear answers.

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Next Steps:

The funds will later be returned to Youdle DAO holders through a transparent and verifiable process.

 

We urge the community to support this measure to protect DAO resources.

 

Evidence:

Rug on virtuals

image.png


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Polkadot treasury rugs

image.png

 

Youdle DAO rug

Moving DAO funds to a CEX because it's a shared address instead of moving to another on chain address? No answers. 

image.pngimage.png

image.png

Pink rug

Pink distributed by the pink team to invarch was supposed to get distributed to the community

image.png

but instead 2000000 pink were allocated to xcastronaut (invarch founder) wallet

image.png

image.png

Then went to hydration and got sold.

VARCH rug

$VARCH token launched less than 30 days ago. ICO investors are down -96%
image.png


KSM partial rug

Not fully delivered. 

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Tinkernet rug

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