Note: This is just intended to ignite discussion, and anything we may vote on would take into consideration every response
Expedite the transfer of treasury from Aragon Association to Aragon DAO to complete within 60 days.
Pledge that the treasury will be used to help realize Aragon Project’s purpose and protect it.
It is our belief that this is what token holders actually want more than anything.
It’s been 319 days since the ANT governance voted for the treasury to be transferred to onchain DAO control.
The root of the problem is the Aragon Association it’s self.
They reflect all that is wrong with larping as a dao: centralized control.
The recent backlash in crypto communities against “repurposing the treasury” is against the centralized control.
Due diligence targets:
These targets are arbitrary and moving, designed to drag out the existence of the Aragon Association.
-Price target?! No comment.
-Wrapping targets are a red herring, if there was a controversial governance vote token holders will wrap if they care - the only thing that matters is that they are sufficiently notified, hence the time requirements of governance.
-Sufficient decentralization of token holders is also a red herring, if it hasn’t happened in $ANTs 5 years of existence when exactly is it going to happen?
-Aragon DAO is already mature enough to make decisions for it’s self (see ~$12 million in approved funds this year alone w/ average vote participation of ~600k wANT). There is already ~5x the amount of wrapped ANT
-The one legitimate concern is contract safety. Hence completion date 60 days. Game theory dictates that exploiters will already exploit at $10mil, $20mil, $30mil rather than risk another exploiter getting there first. We propose a linear transfer of the treasury assets.
Aragon Association’s mandate:
We as token holders appreciate that the Aragon Association must abide by its mandate.
This is why we token holders would pledge that the treasury will be used to help realize Aragon Project’s purpose and protect it.