This PIP seeks to inform and collect feedback on transferring the POP treasury on Aragon to a multisig controlled by Core team members as we continue to decentralize Popcorn and its smart contracts. This is a temporary solution that will prevent token holders allocating treasury funds to themselves for monetary benefit via an autonomous vote until the protocol sufficiently decentralizes and can run autonomously.
To remove the ability of token holders to submit proposals to transfer themselves tokens from the PopcornDAO treasury and ensure the entire POP treasury can be utilized in the future.
Submit proposal on Aragon to transfer the entire POP allocation on Aragon to a multisig controlled by Core team members: eth:0x93A32401D3E1425AD7b3E118816A1B900E714d18
Transfer POP to the multisig
Prevent potential of token holders submitting proposals and ultimately transferring POP tokens to themselves
Maintain control of POP by the core team in a multisig until PopcornDAO determines how to utilize POP in a decentralized and autonomous protocol
An autonomous vote means that anyone with a token can autonomously and permissionlessly create a proposal to transfer tokens. Token holders can of course reject the proposal if there is no valid reason, however we would like to remove the potential of a vote altogether. We should have done this since day 1.
This article provides a clear and concise explanation of the proposed action steps, desired outcomes, and motivation behind the transfer of the POP treasury on Aragon to a multisig controlled by Core team members. The temporary solution aims to prevent token holders from allocating treasury funds to themselves for monetary benefit via an autonomous vote until the protocol is decentralized enough to run autonomously.
I like the fact that the article effectively communicates the purpose and goals of the proposed transfer and provides a clear roadmap for how to achieve them.