[SEP #X] June 2023 Vote to Enable Token Transferability

[Adrian_Hacker]

The time to enable transferability is now. Even more damaging than the economics of a bear market, participants in the DAO are beginning to doubt and clarity of purpose is being diluted and lost.

People have rewards they cannot sell. People have no onramp to a project in which they desire to participate (if they even still desire to do so). I participated in the MakerDAO community during pandemic lock down, and there were many different view points, but anyone, it seemed, had access to participation and everyone had a vision of moving the DAO forward.

Possible Alternatives: None if this organization truly intends on operating like a DAO.

Why would a token be created with transferability disabled. What information is missing here?

[melai16]

Up for this its been a long month no update when is trabsferability of the token

[Bruce]

Hello ! I may upload this sep , @Adrian_Hacker if you want and people want .

@Andre I want you comment , we wait more 1 years , i dont see progress in DAO building , all process work very slow , locked transfer its bad for our DAO more people want join to us but cant buy tokens on DEX/CEX . We may wait more years for “done” but other DAO start very fast , optimism start 3 waves airdrops , we cant start freedom token , maybe we make mistake ?)

[Billion]

Hello all ,

It looks like community is pissed and most of the milestone before transferability were reached.
Shall we move this SEP to snapshot ? Does anyone have enough tokens to do so ?

Best,

[Moro]

One years later since the safe token launched…

[Andre]

Hi @Bruce and @Billion ,

While it’s understandable that you and some other members of SafeDAO have strong personal opinions on the transferability, the discourse in this thread feels isolated from the rest of the conversations within SafeDAO. The majority of the conversation in this thread revolves exclusively around the non-transferability itself, but there is no constructive discussions what fundamentally changed so that some milestones from SEP #3 should not be applicable anymore.

Instead, numerous members of SafeDAO are dedicating their time and effort to progressing our milestones and work on drafting proposals, giving feedback and showing up on governance calls (here are all the participants and the notes from the last one). This is where we are standing:

• The governance framework is currently in Phase 1 (How do we make decisions?)

• The resource allocation framework is in Phase 0 (How do we spend funds?)

• The token utility framework is pending and the first steps into this direction have been made with the whitepaper for the Safe{Core} Protocol and the token design discovery (What is the functionality of the token?)

• The second allocation for users from SEP #5 is currently being redeemed, and

• The first wave of our grants program is actively underway.

With regard to the argument that no new members can join us, there are paths forward even before transferability:

• SEP #6 mentions the possibility for a retroactive token allocation for SGP Wave 1 participants

@MetaGuardian

Due to current non-transferability of SAFE tokens, retroactive SAFE rewards to successful Wave 1 Grantees can be considered as part of Wave 2 implementation. The Wave 2 proposal, which would include retroactive SAFE Grantee rewards, will be reviewed and ratified by the DAO.

• 50% of the non-redeemed user allocation is outstanding and could be used to allocate the token to users that have not claimed their first airdrop, users on different chains or otherwise

@Daniel

Allocation B: Explore other ideas for allocations, including but not limited to setting up a new claim period for those who were eligible for the initial claim but had not redeemed their allocations

I’d like to invite both of you, and anyone else interested, to our next governance call on Tuesday, 26 September from 7-8pm CET. We’ll be discussing the resource allocation framework in detail.

We’ll also extend the call by 30min (8:00-8:30pm CET) so we have dedicated time where you can raise any concerns with SEP #3 or the milestones overall.

@lorny

Join us next Tuesday for our 2nd Governance call! ICYM our first call discussing the Resource Allocation Framework, join us for the second round of discussions!

• What: Resource Allocation Framework Discussion
• Where: Discord in the #governance-discussions channel
• When: Tuesday, September 26th at 19:00 CET

Add the Discord event to your calendar here

Don’t forget to subscribe to the Safe Public Events Calendar so you don’t miss out on any exciting events.

[Bruce]

Hello @Andre . Now we wait more 1 year , i see progress and now i have few question , we are dao , and all info need open , say me

1. Safe
   attracted $100 million in investments and gave investors tokens, how many tokens did investors receive?

2. How many points do we have left before the re-vote?

3. Why didn’t the whales who failed the Sep 2 vote vote anywhere else? It’s more like they only voted in 1 vote to achieve their goal, they are not on the forum, they were not active in other votes, isn’t that strange?

I hope you will not deny this and talk about honesty with us while there are people who can completely change any vote in their favor and then simply forget about the project.

[Andre]

Question 1:

@Bruce

Safe
attracted $100 million in investments and gave investors tokens, how many tokens did investors receive?

You can find how many tokens were distributed to backers in the Governance Hub under Safe Token and Backers. Here is also a visualization.

Question 2:

@Bruce

How many points do we have left before the re-vote?

As this question came up in a few places and to avoid fragmentation, we’ll be using the thread of SEP #3 as central place for updates on the milestones.

[SEP #3] Towards clarity on milestones before voting on enabling transferability again

Following up here with a progress overview of the milestones. We’ll maintain this thread up to date and as a central place for all discussions around them. Milestone A “The claim period has passed” Milestone B “An SEP on a constitution proposal has been ratified” Milestone C “An SEP on a governance framework has been ratified” Milestone D “An SEP on a resource allocation framework has been ratified”: Resource allocation framework is expected to be voted on with the new governance framewo…

Question 3:

@Bruce

Why didn’t the whales who failed the Sep 2 vote vote anywhere else? It’s more like they only voted in 1 vote to achieve their goal, they are not on the forum, they were not active in other votes, isn’t that strange?

While I cannot speculate on individual voting behaviour of certain wallets, here’s the bigger picture: We’re actively encouraging backers, guardians and large delegates to voice their opinions and also engage in every vote. The recent vote on the governance framework [SEP #7] has shown that this is possible. 80% of the top 10 wallets of SEP #2 voted also on the recent proposal SEP #7, it’s the proposal with the highest participation rate - nearly 4x the required quorum - and has numerous first time voters.

[Thorshivam]

It’s been almost more than a year but safedao team is bringing any snapshot vote regarding enable token transferability…

I kindly request you behalf of all our community to bring once again snapshot vote to enable $SAFE token transbility.

[Nneoma_StableLab]

Please review historical discussions in the forum as well as SEP 3 which outlines the milestones to complete before the DAO can vote on SAFE token transferability again. Check out the latest in the discussion on SAFE token utility and share some ideas!