Proposal #305
Rejected on 11 Aug 2022: only 5.5% of the decisive votes said yes.
Yes
4.6%
5.5% without abstain
Veto
0.0%
of votes cast
Ended
11 Aug 2022
4.59%
of votes cast
17.13%
of votes cast
78.27%
of votes cast
0.01%
of votes cast
The ION DAO has successfully gone through testnet and is now ready to launch onto the Osmosis mainnet.
Vote YES on this proposal if you want the bytecodes of ION Staking contract (as part of ION DAO) to be put onto Osmosis.
Vote NO on this proposal if you do not want the bytecodes of ION Staking contract (as part of ION DAO) to go on chain.
Checksum of the contracts are following.
# Intermediate
8af84588ed32925dfe57d070113d93fe54bf7ea4ac6c894c547c8bbfe2cbbac5 target/wasm32-unknown-unknown/release/ion_dao.wasm
1db4e0d89c7347d02dbc59e11b53d40dd67fd6869b4bbe4c728085eeaae2d114 target/wasm32-unknown-unknown/release/ion_stake.wasm
# Optimized
4531dc7e25f3b7d3b50fe9a938f17f5f17205936e09cd3db765c7cfae8a7041e ion_dao.wasm
eadc37723e0e88223eb979061027b3e9a80c7b52ea368d05daff742a42f75b8a ion_stake.wasm
# Intermediate
8af84588ed32925dfe57d070113d93fe54bf7ea4ac6c894c547c8bbfe2cbbac5 target/wasm32-unknown-unknown/release/ion_dao.wasm
1db4e0d89c7347d02dbc59e11b53d40dd67fd6869b4bbe4c728085eeaae2d114 target/wasm32-unknown-unknown/release/ion_stake.wasm
# Optimized
4531dc7e25f3b7d3b50fe9a938f17f5f17205936e09cd3db765c7cfae8a7041e ion_dao.wasm
eadc37723e0e88223eb979061027b3e9a80c7b52ea368d05daff742a42f75b8a ion_stake.wasm
The initial ION treasury will consist of the 16572 IONs clawed back from never-active accounts from the Osmosis genesis airdrop. In Prop 120, the Osmosis DAO agreed that the Osmosis Community pool should transfer these to the ION treasury when possible and safe. The activation of the ION DAO contracts on Osmosis mainnet will serve as the trigger for this transfer.
On testnet, about 258 IONs(almost 1.5%) were staked on the test net where it was challenging to receive faucets, 640 suggestions were made for a test, and community members shared 980 ideas and suggestions and bug reports.
Website: [Hidden link]
Commonwealth Thread: [Hidden link]
The ION DAO contracts were written with reference to similar DAO DAO contracts.
These contracts allow ION tokens to be staked for voting power (and potentially for staking rewards, though ION has no inflation).
The contracts also allow for ION voting power to control a treasury by electing wallets to a multi-sig
The similar DAO DAO contracts have been safely used on Juno for a number of months. The ION DAO contracts do not tie into the Osmosis AMM and are unable to interfere with the chain logic. They have been audited by the Manythings Team. Any potential undiscovered smart contract bugs have no way of affecting OSMO because it is not custodied by the contracts. Only ION would be affected.
MANYTHINGS is a “Builder-oriented DAO” based in South Korea. At large, we strive to persuade talented Web2.0 builders to join us and pioneer the Web3.0 movement. Various organizations under the MANYTHINGS umbrella, including Alphaworks, are already creating their presence in the NFT space.
In developing the ION DAO, Alphaworks aims to set Osmosis’s vibrant activity as our milestone. Furthermore, by contributing to the ION ecosystem in the future, we plan to actively collaborate on Osmosis to solidify it as a leading layer 1 protocol.
Team website: [Hidden link]