@Geraldine did you get a chance to review my response? Iâm unable to find anything on the Constitution requiring a constitutional SIP must be submitted by the DAO Team except that a constitutional SIP must receive two thirds majority YES vote
@DAO my proposal is actually to fix atht eh beginning this ratio SAND/$ to get rid of the varition of the SAND and use only VP/$ requested. The thing is that if you use only SAND and if the SAND price is blowing (eg 2$/SAND) you might have guys that will request 400â000 $ with only 200â000 SAND and the quroum will be very low.
I see your point, but because the fact is that the treasury comprises only of SAND and not USD, quorum should also be pegged to that.
Should the day come that, in your example, SAND be worth $2, the impact on the treasury, of asking for $200k(100k SAND disbursed from treasury), will be much lesser than the impact if SAND were to be itâs current worth at $0.28, which is 714k SAND disbursed from treasury.
At the end of the day, quorum should be pegged to the dominant currency of the DAOâs treasury.
This wonât hold true if our treasury is in actual fiat USD. If this is the case, as is with some other DAOs, then pegging quorum to USD makes sense.
@Lanzer Currently, the DAO team handles drafting operational documents, including constitutional SIPs, based on community input. Our incoming community manager will help streamline communication and improve collaboration between the team and the community.
He soon will be introduced and dedicated moment with the community will happen from October.
@Geraldine âŚI donât see where it says only the DAO Team can create a "Constitutional SIP. This would be counter-intuitive, and goes against what Cyril said in his appearance on the Decentralized Podcast (33:40 to 35:30) and Sebâs tweet recommending the community create a SIP to lower the quorum.
The vote I put in at the beginning of this thread has 74% (of 10 votes) indicating a change is desiredâŚwhat more community input are you looking for?
At the moment, the DAO team is primarily focused on introducing Delegation, which has the potential to address the quorum issue, as also mentioned in the tweet you referenced. We believe itâs important to observe the impact of this solution before considering any further changes. Letâs wait to see how things develop with Delegation and evaluate its effectiveness.
Thatâs fair. I donât mind watching how delegations help quorum. Would you mind please moving this thread back into the SIP idea subforum, please?
hello @Lanzer , i donâ know if youâre talking about this survey (see the screenshot below) but if itâs the case, itâs a joke, right ?
I donât understand your questionâŚare you asking if the poll I put in the original post is a joke? A joke of what?
I think what he meant probably was that itâs too small a size to consider it a valid poll.
hi @lanzer, sorry if i wasnât clear enough. I was asking about the " 74% indicating a change is desiredâŚwhat more community input are you looking for?"
i canât imagine that you considere 74% of 10 voters as a valuable âcommunity inputâ , so yes , i asked if itâs a joke, if itâs sarcastic or not.
I absolutly not considere your post as a joke, be sure about that, i respect your work, your time , your involvement.
Ooooooo. Okay gotcha. Fair point @sebga, right now there are 10 votes. Thatâs very small. Itâs not nothing, but itâs the best I have based on who was willing to share their view. Iâve posted it on Discord, mentioned it in X/Twitter spaces, and waited 2 weeks, so I felt okay using the poll to respond to Geraldine about whether the community can propose a quorum SIP.
I can go back and add â75% of 10 votesâ to ensure that context is captured. I appreciate you pointing that out
Request this be moved back to SIP Drafts, please and thank you! Iâm awaiting delegation results as Geraldine recommended, but there are other things in parallel happening that makes my request to move it back to SIP Drafts still valid.
Our primary strategy to meet quorum right now is through Delegation. Of course, over the months ahead, we will also work more actively to bring in more SandFam as we focus on growing the DAO more actively to include more SAND and LAND holders.
Additionally, and perhaps more relevant to your request, a constitutional SIP to reduce quorum (as proposed here) will require an even higher quorum than that which weâre already failing to meet.
All that being equal, I donât see why that would prevent moving the thread back. It was originally moved because of an interpretation of the Constitutionâs rules that turned out to be (I think) a misinterpretation.
While weâre waiting for Delegation results, I can gather more data. The conversation largely died after it was moved to âGeneral.â And while weâre waiting for the results, I can be drafting the SIP to be on standby. It doesnât have to be a sequential process.
will require an even higher quorum than that which weâre already failing to meet.
I read this to say a SIP would be prevented from going to the voting floor because the Admin Team believes it wouldnât receive the votes. Iâm hoping I read that wrong. That isnât an action I think the team should be taking.
Itâs terribly unfortunate that you read everything from the DAO team as being underhanded, Lanzer.
The DAO Constitution states, âAny SIP proposing to amend The Sandbox DAO constitution may be approved only by a two-thirds majority vote in favor with a minimum of 5.0% of the outstanding SAND token participating.â
Assuming we take the total SAND supply, which is 3biSAND, 5% means 150 mVP. Yes, I know only ~2.7M is minted. But still, think about those numbers required to pass a constitutional SIP!
Edit / Addition: Weâve got to work on organically growing quorum first and foremost. Delegation should help a bit. Then, itâs up to folks like you, @Lanzer, to shine a light on all the possibilities the DAO offers the TSB Community.
Itâs terribly unfortunate that you read everything from the DAO team as being underhanded, Lanzer.
I no longer feel that everything is underhanded after our call. I still feel a lack of trust, and I donât think Iâm being unreasonable to feel that way. Itâs been 5 months since the DAO started, and itâs going to take time to unpack all the things that got me and many others to this state. SANDDAO 34 @1:05:50 pretty much sums it up.
I think Iâm going to be easier than most to bring back⌠youâre halfway there already with our talk, our continued forum engagements, Cyrilâs latest Q&A responses, and Cyrilâs bi-weekly Ops updates.
But that mistrust weighs heavy, and the power imbalance leans pretty hard in favor of the DAO Admin Team. You all have enormous power right nowâŚand it seems like important parts of that power is not being wielded in the open. At first I thought it was deliberate, but our talk + Cyrilâs task queue screenshots convinced me that DAO Admin has been swamped with tasks. Iâm still processing, but I donât feel so suspicious anymore.
I can confidently say most still are suspicious. A lot donât even engage anymore. You mentioned something similar in your intro video, and I think youâre 100% right.
Anyways, this draft SIP. Iâm doing what I can with what is within my control to do. While you all are combating quorum through delegation, SandFam could be talking through quorum adjustment. I donât see this as zero-sum. We can do both.
3biSAND, 5% means 150 mVP
Uhhhhhhh. shoot. Yeah I overlooked that 5% part. Great point. But let THAT be the discussion, please, not moving my thread out of a subforum, know what I mean?
Edit / Addition: Weâve got to work on organically growing quorum first and foremost. Delegation should help a bit. Then, itâs up to folks like you, @Lanzer, to shine a light on all the possibilities the DAO offers the TSB Community.
It might not seem like it with how I respond sometimes, but Iâm happy to shine a light. I really want to get to that place, I promise
Communication channels are open for any SandFam that wants to reach out to.
Plus, the Community Poll is still open (with over 160 responses, so far). Weâre listening.
Bummer about those we lost. We hope to bring back those people back, as every person is valued. Plus, the future is big for TSB. If youâre reading this, you probably agree. There will be many more in the future.
I am unsure what to say about your perception of a power disparity as Iâm ultimately unclear how you think âenormous powerâ is wielded in private.
Everything the DAO admin does is reported on to the community.
Hopefully, we can regain trust by making more of this clear for you.