Opinions on this proposal aside, for the good of POKT it is crucial that any approved changes be legitimate, which means they must either:
- Be in compliance with the Foundation Articles and DAO Constitution
- Follow the proper process to amend the Articles/Constitution
To be able to proceed as currently proposed, amendments are required to both documents:
- this proposal must include clearly written amendments to the Articles/Constitution anywhere that Mike’s proposed restructuring would be non-compliant
- this proposal must pass with a supermajority, which means 75% approval by DAO participants who voted on the resolution, with the vote lasting no fewer than 14 days and a quorum of at least 25% of DAO participants who have cast a vote within the 12 months immediately prior to the date of the vote
- the Article amendments must be officially filed with the secretary, exactly as written in the proposal, by the director(s)
- the Constitution must then be updated in GitHub exactly as written in the proposal
As the interim director, it will be @shane’s duty to see these changes are approved properly as outlined above.
For an example of the clarity that should be provided for amendments, see here.
As for where I see conflicts between this proposal and the current Articles/Constitution…
Foundation Articles:
- 1.5 requires supermajority approval (75% described above) for all ordinary/special resolutions of the Foundation, which includes director appointments/removals and amendments to the Articles
- 4.5 empowers the DAO to govern the appointment of directors, via 1.5 and 4.17
- 4.6 compels all new directors to resign from other positions of executive authority within the DAO, to avoid conflicts of interest
- 4.8 empowers the DAO to remove directors
- 4.17 compels directors to carry out with best efforts all DAO Resolutions (approved proposals)
- 4.35 requires directors to disclose information to the DAO as necessary to ensure informed DAO Resolutions
- 4.38 limits director compensation
- 4.42-4.44 various controls that give the DAO oversight on Foundation spending
- 6.3-6.6 empowers the DAO to govern the appointment of supervisors
- 6.8 empowers the DAO to remove supervisors
- 6.17 compels supervisors to carry out with best efforts all DAO Resolutions (approved proposals)
Constitution:
- 4.7-4.10 repeats elements of the Foundation Articles re deferral of directors to the DAO
- 6.8 states that all parameters not otherwise specified will be governed by majority approval
- 8.11 states that protocol upgrades will be governed by PIPs
- 8.14 states that no foundation article amendments can be made without DAO approval