Limit Fund Appropriation to Grant Proposals
Proposal Details
Description
This proposal advocates for limiting fund appropriations from the Decentraland DAO to the established new [Grants Framework](https://governance.decentraland.org/proposal/?id=77475620-7b74-11ed-ad27-015f26e7c35c) approved on December 28, 2022. And it comes as a response to previous instances where funds were allocated through binding governance proposals, raising questions about the legitimacy of such actions. By implementing this measure, the DAO aims to ensure that all project and initiative funding adheres to the approved Grants Framework.
@jar0d I reviewed this proposal a few times when I wrote the Executive Arm draft, and at least from my point of view, the DAO does not lose control of the funds since the Executive Arm multisig should have at least one signer from the DAO Council elected by the community. So, it’s not that the DAO is giving away the money (signing a blank check), but rather granting the Executive Arm the right to manage a portion of the treasury that has been budgeted in advance and approved by the Council. That being said, this comment and the conversation you had with @maryana on Discord yesterday made me realize that there should be a defined mechanism to deprecate a governance proposal rather than just interpreting that a newly approved proposal overrides a previous one. This is something that could be improved.
Doesn't the passed governance invalidate any governance that has passed to utilize funds outside of the now-shuttered grant program, @ginoct?
Limit Fund Appropriation to Grant Proposals This proposal has been ENACTED by a DAO Committee Member (0xbef99f5f55cf7cdb3a70998c57061b7e1386a9b0)
Limit Fund Appropriation to Grant Proposals This proposal is now in status: PASSED. Voting Results: * Yes 98% 11,259,683 VP (173 votes) * No 1% 3 VP (7 votes) * Abstain 1% 912 VP (4 votes)
[quote="Eibriel, post:2, topic:19897"] a new loophole exploit by DG [/quote] I suppose you are still hurt about DG and the 1M in funding from the gov prop a while ago. A bit contradictory accusing others of “exploiting”. How many grants has DG been approved for before? What has been their contributions to DCL as a whole? How many grants has GolfCraft been approved for before? What has been their contributions to DCL as a whole? I can’t even see it on the explorer page anymore.
[quote="jar0d, post:3, topic:19897"] Perhaps it makes sense to propose a larger majority must vote yes, 66% or 75%, to change dao process, so something like this prop is harder to over rule or undo. [/quote] This could be a good way to solidify proposals that are passed as binding, and for something like a decentralized constitution, in that binding governance proposals are thus more difficult to override with subsequent legislation. This would solve one potential issue, while at the same time creating a few others however, e.g. interpretation surrounding if a proposal directly overrides a previous proposal, who is responsible for that interpretation, etc. The other potential issue is a party getting a vote passed based on short term acquisition of MANA or some other manipulation, and then having it very difficult to override. That said, I do like that idea of there being some voting/VP implication for overturning proposals that have been previously passed as a binding governance proposal.
We've had this proposal escalation in our back pocket for a while. The decision back in the day was to leave the proposal in a Draft form unless its invocation was necessary, which apparently it did become necessary.
I actually that, based on the feedback, Gabe has removed that DG prop. I also wonder if a prop can stop future props over ride it. Perhaps it makes sense to propose a larger majority must vote yes, 66% or 75%, to change dao process, so something like this prop is harder to over rule or undo.
This voting is coming just in time for a new loophole exploit by DG, that is about to request the DAO to swap ~$1M worth of MANA for DG tokens in exchange of "30% of all revenue generated in MANA from the Tominoya Casino would belong to the Decentraland DAO" (without explaining what "belonging" means). > The Decentraland DAO will initiate a token swap, converting 900,000 DAI worth of MANA for DG tokens through open market operations. This process will be implemented over a span of 15 days from the approval date of this proposal. The daily transaction amounts might vary, but the complete purchase is ensured by the end of the stipulated 15-day period. This strategy is designed to deter any potential front-running of the purchases. In addition, there will be a further 100,000 DAI worth of MANA swapped Over The Counter (OTC) for DG tokens. These MANA tokens will then be utilized by Decentral Games to back up the MANA bets. https://snapshot.org/#/decentralgames.eth/proposal/0x5765081e1790a7239f008eeac95b0a1ac1e2893f200a780838d5a2546e293ec4
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