Proposal on Transferring ION to ION DAO Treasury

Description

• By voting YES on this proposal, 5,468 ION(33% from the Osmosis Community Pool) will be transferred to the ION DAO Treasury.
• By voting NO on this proposal, 5,468 ION(33% from the Osmosis Community Pool) will NOT be transferred to the ION DAO Treasury.

Details

Proposal Type: Proposal to spend funds from the community pool

A total of 16,572 $ION (78% of the total $ION supply) has been approved to be eventually transferred from the Community Pool to the ION DAO Treasury with the passing of the signaling proposal (#120). To ensure the safety of $ION, we suggest first transferring 33% (5,468 $ION) of the approved amount before systematically transferring the rest after this spend contract is proven safe and reliable.

govContract(ION DAO treasury) address: osmo1k8re7jwz6rnnwrktnejdwkwnncte7ek7gt29gvnl3sdrg9mtnqkse6nmqm

We successfully executed the same transfer proposed above on the Osmosis Testnet. You can find the results of the test here: Testnet proposal : https://testnet.mintscan.io/osmosis-testnet/proposals/56970 Testnet govContract address : https://testnet.mintscan.io/osmosis-testnet/account/osmo1pynvlxmagkgkxmcw8shddm324wam4qztswyp8rusfjcs7uk6hecstnyzlz

After transferring ION

The ION dev contributor team is currently developing a treasury information UI for the ION DAO website, via which ION DAO members can access to information and updates such as Treasury spending. The ION DAO governance will decide all fund uses with a smart contract code.

Commonwealth Thread

https://gov.osmosis.zone/discussion/8052-proposal-on-transferring-ion-to-the-ion-dao-treasury

About ION DAO : https://ion.wtf/