Discussions on Exit: RageQut vs BuyBack + Parameters

[fartunov]

In response to this Poll I am trying to help consolidate discussions around the mechanism to provide ANT holders with a non-market exit.

The aim is to box the discussion around the mechanism and its parameters and ultimately arrive at a proposal to be voted on and implemented. We are aiming for mature, strucutred and respectful discourse. If people actually prefer to have the conversation in multiple parallel locations this thread will just sink into oblivion without creating distraction.

Discussions specifically around the treasury size, what can be transferred from the AA to the DAO and “book value per ANT” is structured in a separate topic HERE. If you want to discuss any of these other topics please head there.

Relevant other treads from the forum:

from @alex-arca

Returning Value to ANT Token holders via Buyback

Author’s Note - For transparency, we are posting our original buyback proposal. This was written prior to the events of this week (approximately 1 month ago). Overall, we really like Luis’s proposal, but think the continuous structure of the buyback proposed here might work better for alignment and potentially cost less than the proposed $30m. We look forward to working with Luis, token holders, and the team to find a solution. Overview This proposal outlines a large buyback of ANT to help …

from @luis

Buy, invest, vest

UPDATE: This has already achieved its goal, which is to kickstart a public discussion and brainstorming of proposals from ANT holders. Don’t take this proposal as final. I plan to still draft more proposals myself and iterate on this one, and I encourage other ANT holders to do the same. Disclaimer: This is purely my personal take. I’m not involved in the day to day of Aragon. I’m in the Aragon Association’s committee, and I plan to stay until most of the token sale proceeds have been safely tr…

and

Sentiment check: veANT, ragequit

Disclaimer: This is purely my personal take. I’m not involved in the day to day of Aragon. I’m in the Aragon Association’s committee, and I plan to stay until most of the token sale proceeds have been safely transferred to the Aragon DAO. Not investment advise. I really like veANT as a way to make sure holders are long-term aligned. However, I understand that some might not be, and might want a way out. In that sense, ragequit/continuous buyback makes a lot of sense. I’ve been trying to tie u…

@mlphresearch proposal from last summer:

Proposal: Transfer the Aragon Project Funds to an Aragon DAO Governed by (Delegated) ANT

The proposal below is put forward by Placeholder, an early investor in Aragon and one of the largest holders of ANT. An earlier version of the proposal is available here. The associated vote was live on Aragon Voice from June 3, 2022 to June 17, 2022. Proposal Summary Limit the foundational document of the Aragon Network DAO (AN DAO) to a mission statement, description of the core governance structure/process, and community guidelines. Set aside funds for the Aragon Association (AA) and Ara…

my own:

A path forward with exit (RQ) and voice (veANT)

Context Aragon built a bunch of great code until 2020 that some massive projects are using to this day. The entirety of that team is gone. There is a new team that started getting assembled in late 2021. The new team shipped a great MVP in Feb 2023. In response to expressed tokenholder desire, the Aragon Association (steward of the treasury consisting of Aragon ICO proceeds) has initiated a process to transfer that treasury to a DAO controlled by token holders. Meanwhile, Aragon’s treasury has…

[fartunov]

Linking @Lux.Temple’s introduction of RAMOS as it feels relevant here:

Returning Value to ANT Token holders via Buyback

Greetings from TempleDAO. We are believers in Aragon’s mission and are excited to witness these invigorating community discussions around how to create sustainable value for token holders and Aragon partners. We note that buybacks have been proposed in this discussion as a way to reduce the imbalance between returning value to token holders in the present while building for the future. We also acknowledge the legal uncertainty around buyback implementation as a way to return value. TempleDAO e…

[josehernandez]

Why are the only two options to waste resources indulging short term profit seekers? I want to vote against the 51% attack

[fartunov]

Hey Jose, welcome to the community. In the forum we discuss proposals, you will be able to vote with your wrapped ANT once a proposal goes up. More details on how Aragon’s governance works can be found HERE.

The idea of this thread is to shape a proposal around the potential introduction of a non-market exit mechanism. The default of “don’t introduce a mechanism” always exists, the fact a discourse around an alternative exists does not mean the decision to introduce one is made.

[sajt]

You are welcome to buy more ANT.