TIP-45: Forming the Treasure Delegate Council (TDC)

Summary

As TreasureDAO transitions from Arbitrum to ZKsync (as outlined in TIP-44), the governance structure that oversaw the DAO’s activities within Arbitrum, previously known as the Arbitrum Representative Council (ARC), is also set to end on October 30th.

We propose transitioning the ARC to a Treasure Delegate Council (TDC) to provide resources and expertise to assist TreasureDAO with navigating ZKsync governance processes to ensure that Treasure continues to thrive within this new ecosystem.

The community will be asked to vote on one of three paths forward to shape the future of TreasureDAO’s engagement with ZKsync governance.

The Treasure Core team selects all 3 members for the TDC.
The Treasure Core team selects 1 member of the TDC, while the remaining 2 members are elected by the community.
No renewal— dissolve the external governance function entirely.

Actions

Voting Eligibility

The following holders of MAGIC can vote:

(A) Stakers in the TreasureDAO Governance Staking contract and Sushi (MAGIC-ETH SLP) on Arbitrum One.
(B) Holders of all listed Magicswap LP tokens and stakers in Beefy’s mooSushiMAGIC-ETH vault or Balancer’s 50% MAGIC / 50% USDC weighted pool.

gMAGIC will be calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount)

start

October 23, 2024

8:24 PM

end

October 28, 2024

8:30 PM

Voting

off-chain

Voting type

single-choice

Voters

Votes

3,774,496

Final Votes

closed

Approve (3 Core)

3M gMAGIC

80.15%

Approve (1 Core + 2 Community)

49.1K gMAGIC

1.3%

Reject - No Renewal

2 gMAGIC

Abstain

700K gMAGIC

18.55%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%