Dear DIA Community,
We hope this message finds you well. As we approach the year 2024, in pursuance of our unwavering commitment to transparency, accountability, and the principles of decentralized governance, we hereby present a series of options for the 2023 annual potential treasury release of DIA 9.15 million as per Transparency Report, a decision of paramount significance for the future trajectory of our DIA in 2024.
Your input and feedback are valuable as we make this important decision.
Our first proposal suggests refraining from any treasury release in December 2023. Instead, we recommend considering a release in 2024, subject to approval through a community vote, particularly if the market takes a bullish turn. This approach prioritizes fiscal responsibility and safeguards the project against adverse market conditions.
Also, we have not touched the 2023 release due to the bear market and investor protection. $0.30 | DIAToken (DIA) Token Tracker | Etherscan
Option 2 proposes sticking with the treasury release structure used in 2022 Snapshot.
This option provides continuity and predictability, but we encourage thoughtful consideration of its suitability given the changing market dynamics, and as a team would not recommend either an airdrop (sell-pressure) or additional released tokens we can’t sensefully use in a bear market scenario.
Option 3 is a bold strategy, involving the removal of a portion of our treasury assets through burning. We do not recommend this option, see no upside in price dynamics in this, and would prefer to enable the organization with the ability to act (upon DAO vote) in case of a bull market run.
Submitted by community member @alexism
• Utilization of Unused Treasury Funds to supplement the proposed airdrop.
• Airdrop: 91500 DIA
• Distribution Method: Equal shares to everyone who voted on any DIA proposals in 2023
• Formula: 91500 DIA / Number of votants in 2023
• Treasury Release: No release in December 2023.
This comprehensive proposal seeks to uphold our shared principles, express community gratitude, and contribute to the long-term success and sustainability of DIA.
Option 4 is detailed here: Community Proposal for the DIA DAO Annual Treasury vote 2023
We understand the gravity of this decision and its potential long-term consequences. Your collective insights and engagement are essential in shaping the path forward.
We invite all community members to engage in thoughtful deliberation, and we commit to a transparent and inclusive voting process to determine the community’s preferred course of action.
- Open DAO proposal & community proposals: 27.11.2023 - 04.12.2023
- Snapshot vote: 04.12.2023 - 11.12. 2023
- On-chain implementation: First week of January 2024
Together, we will chart a path that aligns with our shared vision for a resilient and sustainable DeFi ecosystem. Your active participation is fundamental to the success of our project, and we eagerly await your valuable contributions to this important decision.
Michael Weber & the DIA Core-Team