- Author(s): @JackALaing
- Implementer(s): @JackALaing
- Category: Governance Upgrade
Remove the sentence that restricts ownership of assets other than POKT, to enable collaborative activities such as the like-for-like token swap described in the recently approved PEP-3.
The DAO Constitution currently forbids the DAO from receiving any income other than the Pocket Network Block Reward (and Governance Stakes, though that was deprecated once PIP-1 passed). This was included in an attempt to reduce the legal attack surface by limiting the number of financial events involving the DAO’s treasury. However, we have been advised that doing this is really just symbolic in practice, so it’s not worth restricting the DAO’s opportunities to collaborate and perform like-for-like token swaps with other DAOs, as described in PEP-3.
Unlock the DAO’s ability to collaborate and perform like-for-like token swaps with other DAOs.
Remove the following sentence from the Constitution: “7.2. The DAO will only accept incoming payments to its treasury in the form of Governance Stakes and the Pocket Network Block Reward.”
We have been advised that restricting asset ownership doesn’t actually help the case for the DAO’s legal status, so it’s not worth restricting the DAO’s opportunities to collaborate and perform like-for-like swaps with other DAOs, as described in PEP-3.
This proposal should have been surfaced before PEP-3.
It should have, however PEP-3 hasn’t been executed yet. If this proposal is rejected, contradicting the approval of PEP-3, that can only be interpreted as the DAO changing its mind about PEP-3. Since PEP-3 passed without dissent, I am doubtful that will happen.
@JackALaing will amend the Constitution to remove the specified sentence.
Copyright and related rights waived via CC0.