- AstroDAO needs to be upgraded to v3 by 25 May or be locked in v2 forever
- Proposal to approve upgrade and grant voting power to Council to approve all subsequent proposals to complete upgrade.
- AstroDAO has become a core part of the REF finance tech stack; current AstroDAO contains all funds and we need DAO approval for all basic functions including transfer of REF rewards, collecting fees from all pools and converting them to REF to be distributed to xREF stakers, and even to pay for Core Team salaries
- AstroDAO team has made it really simple to migrate to v3 - DAOs are being prompted to upgrade on their main page, a sequence of proposals with pre-configured parameters are automatically prompted. Each proposal needs to be approved by DAO before being able to proceed to the next step (only three steps).
Detailed video of the upgrade process from AstroDAO team: Upgrade Your AstroDAO to V3 Before May 25th! - YouTube
REF Astrodao is currently made up of two groups: Community Board (22 Members, 11 votes required to pass a proposal) and Council (4 members, 2 votes required to pass a proposal)
Only Council members can initiate a proposal. A proposal that receives 50%+ from any of the two groups will pass. Most proposals are only voted by Community Board.
The problem 1: failing to upgrade prior to the 25 May Deadline would make it much, much harder to migrate at a later date and could present additional challenges to the operations of the DAO later on (known unknowns).
The problem 2: arranging for enough Community Board members to be available at the same time so that we can pass all the necessary, separate proposals could prove logistically challenging given the current time constraints.
This is a proposal to approve just ONE poll agreeing to upgrade to v3 AND delegating power to the Council to be able to pass the required proposals.