by 0x895be97bdb9f8a244c472b18ea96dee39ddf8fe5 (dax)
Should monetary allowances from the DAO be limited to Grant Proposals?
The specific issue I have in mind here is the recent controversial case of DG asking for (and receiving) 1,000,000 USD outside of the normal grant structure. This proposal was made in a grey zone from the perspective of DAO regulation and in my mind that loophole should be closed.
Voting invalid question here because I believe that this is a really sensitive issue and needs to be taken seriously. The Grants program as some already said has a clear definition of tiers and max amount of money to be granted. I believe that the issue is when money is requested via a different mechanism than the community grants. I get that sometimes a specific proposal requires a one-time payment (Like the Blender Development Fund sponsorship) or a bigger amount of money (Like the DG one) and we end up bending the rules, or we do a one-time transaction when it should be a vesting contract or the proposals are published under a Governance process.
I feel that we might be needing a category for Treasury management or finance stuff that is super hard to pass in terms of VP but has a short voting time. This could be useful for this kind of situation (And maybe capping a max amount of money to be involved in a proposal is a good idea), also could be useful for a swap or any kind of transaction that could preserve or shield the DAO treasury from a market crash or something like that.
My suggestion would be to open up a working group or at least discuss it a bit more on the forum/Discord and then craft a better-structured proposal.
@ginoct thanks for your response! As it looks like this will pass, I think we can take that as support for the idea in general.
HP has said he’ll open a working group in the DAO (or please do if you are able), and we can have a discussion there about the nuances before creating the next proposal step. I’ve talked to quite a few people in the last few days and there are a lot of good ideas, so I feel confident we can make a proposal that doesn’t hamstring legit requests while still preventing abuse of the system.