Title: Vote to Ratify Transition Council Authority Authors: Hiro Kennelly, trewkat Forum Post: Transition Council Authority

SUMMARY

The Transition Council, which was established to guide our community through this period of change, is seeking BANK-holder ratification of its authority to implement a broad set of changes within the DAO, as described in this Forum post.

Six Transition Council members were appointed at the June 24, 2024 Governance meeting, per a tlBANK Snapshot vote. To date, the six appointed members have proceeded with work around purpose and branding, but before we move forward with officially implementing these changes and making additional decisions that will further shape our future, we believe it’s crucial to have the broader community’s formal and documented backing.

SPECIFICATIONS

If ratified, the Transition Council will have the authority to:

• Implement its selected new name and brand identity for the DAO (Black Flag DAO) across social media accounts and web presence.
• Decide on the role of the BANK token and issuance of new token(s) within the new Black Flag DAO.
• Change the Black Flag DAO membership requirements and organizational structure.
• Decide on the tooling necessary to operationalize these changes.
• Update DAO governance processes to reflect membership and/or token ownership rights.
• Produce a replacement Constitution that reflects these changes (and any others necessary to effectuate these changes). While the replacement Constitution will be written and implemented by the Transition Council with consideration of community feedback, the text will include a process by which members can later suggest and enact revisions to the new Constitution. (After community feedback, the language of this bullet point is slightly different than the Forum post).

DISCUSSION

Any discussion related to this Snapshot vote should take place on the Forum post.

POLL

Do you support the Transition Council’s authority to implement the changes listed under Specifications? This token-weighted Snapshot vote will run for seven days and requires ≥ 66% approval (Yes vote) to pass.

bDIP-10: Revision to BanklessDAO Constitution

Draft Authors: Trewkat, HiroKennelly, links, Ernest of Gaia Working Group: Trewkat, HiroKennelly, links, Ernest of Gaia

BDIP SUMMARY

• BanklessDAO’s Constitution lacks clarity and completeness.
• We have created a revision of the BanklessDAO Constitution which simplifies the language without making any changes to governance.
• This bDIP is to replace the entire existing Constitution with the entire revised Constitution. The revised text is available here .

BDIP BACKGROUND

This work has been supported by the Governance Department with the dual goals being:

• to update the wording of the existing Constitution so that the information is presented in clear and concise language within an intuitive, numbered structure.
• to document information about existing governance practices which were not included in the existing Constitution.

The goal for this round of work has NOT been to introduce new governance principles or practices, except where there was concurrent work happening and its inclusion made sense.

Notes from the Temp Check This bDIP follows a Temp Check which included polling on various aspects of the proposed revision.

As a result of Poll 1, the following section of the proposed version has been updated, as follows:

• 4.6.4 Grants Committee Election Process “… any Level 1 Member may self-nominate … “

The Constitution currently states “anyone may self-nominate”, but 89% of Poll 1 voters were in favour of changing this language to reflect current practice.

Text referred to by the other polls in the Temp Check was already included in the proposed document and this text was accepted by the majority of voters.

• Poll 2 resulted in 100% of votes in favour.
• Poll 3 resulted in 84% of votes in favour.

Poll 4 asked whether the proposed revised Constitution is ready to proceed to a bDIP in its current form, and resulted in 91% of voters in favour.

Lastly, as a result of the recent tlBANK proposal passing Snapshot, Section 3.2 of the proposed version has been updated from what was first referenced by the Temp Check to incorporate language about tlBANK. Note the added text does not match the text approved in bDIP-09 but retains the intent.

Vote Time! It’s now time to vote on whether the proposed revised Constitution should replace the existing BanklessDAO Constitution in its entirety, remembering that no changes to governance rights, responsibilities, or processes are enacted by this new version.

BDIP SPECIFICATION

Rather than include the full text of both documents in this proposal, the relevant links can be accessed below.

|Current Form|Proposal| | --- | --- | |BanklessDAO Constitution & Community Handbook |BanklessDAO Constitution |

EXPECTED IMPACT

We anticipate that if the revised version of the Constitution is implemented it will clarify our current governance practices and establish the foundation for future governance revisions.

ANALYTICS

n/a

NEXT STEPS

We expect this to be designated as a Major change; although it does not make changes to governance, it is a substantial revision to the existing document. Therefore, the following governance proposal thresholds must be met on Forum before the bDIP proceeds to a Snapshot vote:

|Governance Update|Forum Quorum|Approval %|Timeline| | --- | --- | --- | --- | |Major|63|70%|1 week|

Snapshot proposals run for seven days and require ≥66% approval. If the bDIP proceeds to Snapshot and is approved, the Governance Department will be prompted to update the Constitution.

WORKING GROUP BACKGROUND

Trewkat, Ernest of Gaia, HiroKennelly, and links are long-time Level 2 Contributors.

POLL

Do you support this proposal for the revised Constitution text to replace the existing BanklessDAO Constitution in its entirety?

• Approve
• Abstain
• Reject

Title: Deposit fees from the UNIv3 liquidity position to the multisig Squad: Icedcool, Tomahawk, Ernest of Gaia, Sprinklesforwinners Date Created: 1/26/23 Forum Post: Link

TLDR:

• BanklessDAO has earned on its full range Uniswap liquidity position. 2
  • ~1.1 million BANK
  • ~9.76 ETH
• This proposal is to pull these fees and deposit them into the BanklessDAO Multisig. 3

BACKGROUND

The snapshot vote Tokenomics - Migrate DAO-Owned Liquidity to Uniswap V3 1 pulled the liquidity acquired from OlympusPro Bonding, owned by the treasury, and migrated that over to Uniswap v3 as a full-range position. This was sought in order to have a price oracle that could integrate with RARI (which now no longer supports borrowing) or other DeFi platforms in the future. The UNIv3 position has additionally benefited us by consolidating the BANK-ETH liquidity, driving the majority of the volume to Uniswap and improving fee revenue to the DAO treasury.

Uniswap offers a 1% fee pool for smaller market cap tokens with higher volatility (perfect for BANK), and this pool is now where the majority of the existing liquidity lives. Making Uniswap v3 the primary source of liquidity for BANK has shown to be a clear benefit, supporting the majority of transaction volume and maximizing fee revenue to the DAO treasury.

SPECIFICATION

The steps would be as follows:

1. BDAO multisig 2 would submit a fee-collecting transaction 1 to collect accrued fees 2 from the UNIv3 liquidity position.

2. The fees that have been earned would then be deposited into the BanklessDAO multisig.

POLL

Approve Abstain Reject