jojo:
Request 3: Maxis must account for their Aura
To be clear, while it is important to realize that the Aura token is just a governance token and has no inherent value, the desires of people to hold the token are of interest to token holders and so I think it is a fair metric to include when measuring success.
To that end, this request proposes that the delegates should not be using the Aura token as their primary means of income. The dumping of the token at any stage indicates a lack of belief in the future of the flywheel and the protocol and thus must be discouraged. Whilst there are of course exceptions to this assertion, these need to be quantified.
This AIP will now require the Maxi to report on what they did with their Aura holdings after being issued the tokens from the DAO. The expectation is that they will be locked and then the incentives will instead provide a means of compensation.
This issue has been touched upon earlier. While holding the Aura token undoubtedly signals trust in the ecosystem, mandating specific financial decisions can hinder active participation in the Aura community. As mentioned, while involvement in Yogis shouldn’t be viewed as one’s primary income source, individuals should have the autonomy to make financial choices that best serve their and their families’ needs.
Specificification
If the AIP will be approved, the following will happen:
This AIP will deprecate the AIP 28
Current funds (500 Aura, 0,3861 ETH) in the Aura Maxi treasury 0xd2F8D0C521BE12cf66d51bf696C0d5A8b0C6a8D6 will be sent back to the Aura protocol treasury eth:0xfc78f8e1af80a3bf5a1783bb59ed2d1b10f78ca9
The Aura Maxi group will be definitely sunset
$37500 worth of Aura 1 ETH worth of Aura will be send to the new Yogi multisig 3/5 safe eth:0xD57bFc18d643b77e34AC4328c70981E1957ECACC to cover for costs and salaries for Q4 2023.
The Yogi group will be bootstrapped with the specifications of this AIP
I support the continuity of this initiative with this more focused approach. I won’t vote on this if it becomes a proposal, as I’m part of the Yogi composition.
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