[SEP #5] Redistributing Unredeemed Tokens From User Airdrop Allocation

It is exciting to follow the development of this proposal. Watching SafeDAO grow has been thrilling, like a toddler taking its first steps. @Daniel has done a fantastic job presenting all possible token allocation options to the governors :saluting_face:. However, let’s not ignore the elephant in the room - governors having the power to award themselves tokens is like putting a cookie jar in front of a kid and telling them not to eat it. So, it’s no surprise that Option 3, which allocates all the tokens to themselves, was the preferred choice during the Temperature Check.

Deciding the best way to distribute tokens is challenging, as highlighted in Messari Governor Note. There are several factors to consider. Whether those who missed out on the initial allocation would make suitable governors if they claimed their tokens and if those who have already claimed tokens would make better governors. Additionally, we should consider granting tokens to new potential governors from actual voting participants and DAO contributors.

It is worth avoiding the path of least resistance, which entails allocating all tokens to the governors themselves. Achieving a suitable distribution can be challenging, but starting with equity is an excellent way to begin.

Here’s what I’ve discovered before making any binding governance decisions, especially for everyone considering voting:

  • Option 4 is a top contender. It rewards early claimers and promotes decentralization, despite the low voter turnout of the temperature check. About 20% (or 8% including Ecosystem allocation) of redeemed tokens voted, which falls short of the 10 million required for a quorum. There is a need for new governors in the mix who will engage in more temperature checks in the future.

  • Combining A and B isn’t the best idea, though. B holds more nuanced, so allocating more tokens for other initiatives can greatly decentralize voting power.

  • Concentrated voting rights from a few addresses are a concern. A simple single-choice vote won’t fix this, and we can’t count on token holders to always vote as good actors without conflict of interest.

  • The utility of the SAFE token and how to scale it is a critical issue that only the best governors can tackle. It’s crucial to get this vote right now, don’t sit this one out.

  • Who will lead the charge? Daniel has taken the lead for this critical proposal from day zero, which is laudable, but the task for its implementation is enormous. Until more technical participants join the fray for community implementations, all proposals should be signals for execution to the Safe Foundation. They’re the primary guardians of the DAO at this stage, and seeing this alignment is good. [SEP #5] Redistributing Unredeemed Tokens From User Airdrop Allocation - #193 by Daniel

To sum up, Option 4 is a suitable choice for currently distributing unclaimed tokens. But we need to address the concentration of voting power and the token’s utility so the more skewed the vote outcome towards Allocation B, the greater balance between optimizing for decentralization and active voter participation.

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