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.

[AntHolder]

why has there been no follow up to this?

[Yakitori]

This is not a 51% attack, as no holder would lose value or be treated differently. This is democracy. Are you against it?

[fartunov]

I have no aim or claim on driving the discussion I was simply attempting to provide a bit of structure to make it easier for the community to follow and to ensure the same conversation is not had in multiple different threads.

[Shawncubbedge]

This is unnecessary. Please keep all conversation on topic and civil.

[Shawncubbedge]

Still not constructive to the conversation. @Svb

If you arent discussing a buy back or rage quit or the parameters involved with it then it doesn’t belong here.

[AntHolder]

Hey shawn,

I think we are still at a standstill here as we are waiting for AA guidance that has been taking quite long to disclose

1. liability report
2. AA documentation
3. 2mm AA fee number

[Joan_Arus]

On Friday, June 23, user “Sbv” crossed a serious boundary by publicly posting the zip code of our community moderator within a discussion thread. This action was clearly aimed at intimidating or even threatening an Aragon contributor, and such behavior is plain and simple unacceptable.

In response to this breach, the Aragon Association has taken the necessary step to permanently ban this user. Our decision is based on the violation of “Clause I” of our User Code of Conduct, which applies to all platforms associated with the Aragon Association.

The clause explicitly stipulates that

You shall not use any material that is false, offensive, harmful, obscene or pornographic, hateful, defamatory, libellous, derogatory, abusive, threatening, or in any other way illegal or infringing upon the legal rights of others, or in violation of this clause.

The conduct displayed by “Sbv” is unfortunate and in direct violation of this clause.

We firmly believe in fostering a space that encourages constructive criticism and healthy debate. However, we cannot and will not tolerate actions intended to threaten the safety and well-being of Aragon contributors and community members.