Signaling Proposal: Ion🧿 DAO & Treasury
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Full Commonwealth Discussion Thread : https://gov.osmosis.zone/proposal/discussion/3100-ion-dao-and-treasury\n\nAt the moment, an ION Dao does not yet exist, as there is no code for this mechanism. However, with the passing of Proposal 107, Osmosis will soon be integrating the CosmWasm smart contracting system. Once this exists, an ION Dao can be created via CosmWasm smart contract. The exact governance mechanism and design to be used for the ION Dao is yet to be seen, but this proposal signals that Osmosis governance pre-commits to transferring the clawed back 16572 IONs to such an ION Dao once it exists and the transfer can be safely executed.\n\n-- Vote YES on this proposal if you are in favor of the creation of an ION Dao and the eventual transfer of 16572 ION from the Osmosis Community Pool to the ION Dao's Treasury\n\n-- Vote NO on this proposal if you are NOT in favor of the creation of an ION Dao and/or the eventual transfer of 16572 ION from the Osmosis Community Pool to the ION Dao's Treasury
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