• Proposal
  • OIP-50: How the DAO Should Handle Charitable Donations

The best way to support charity is to focus on returns so that each Ohmie can then choose to donate a portion of their gains as their conscience dictates.

    Odnom I agree w./ odnom. I already donate to my sons school by just sending directly to them from m,y wallet.

    Sad to see Option 2 isn't even on the snapshot. Would have voted for it. I do think that people could use this for things such as political beliefs, but a restriction that makes treasury ohm only available for donations to help launch new DApps across the broader crypto community would be nice, rather than blanket banning the whole protocol from any charity at all for eternity.

    This is sound governance, goes to show how powerful this DAO really is.

    There is no constitution to abide by and the quality within this proposal is an example why we don't need one.

    Wow. I'm shocked by this proposal. Most of DeFi/Crypto was built on charitable donation of ones time. I don't think we should be eliminating the possibility of the DAO donating to good causes or even, more direct and obvious, blockchain infrastructure/security efforts.

    At some point my hope is that the DAO contributes to the Ethereum Foundation and other developers/efforts that worked toward the overall progress and good of all Crypto.

      I personally don't see the point of this proposal.

      Before: Make a proposal to give DAO funds to charity.
      After: Make an amendment to this proposal to give DAO funds to charity.

      You can't "ban" making proposals, it doesn't change anything ?

      Edit: Just thought I'd underline something: DAO funds aren't funds with which the DAO contributors can do as they please, they are owned by the ohmies community, we're all part of the DAO. It's how it has always been and I hope it will stay this way 🙂

      I would ask the OHM community to vote Do Nothing on this proposal. It cuts directly against the social mission of new capital and will materially harm our ability to expand the community of people involved in Olympus.

      JFry4 I do believe that in the future we will need to revisit this, as it seems like too big of a decision in the earlier days of Olympus to be fully rationalized.

      ProofofSteveGM Framework 2: Require that all charitable donations coming from either DAO controlled funds or yields from those funds be proposed and ratified through the following process/standards:

      First an OIP must be drafted and proposed on the Olympus DAO forum for a “temperature check” vote. As Forum votes are non-binding and can be participated in by individuals/entities who do not hold Olympus, this process is more to provide a period for easy public commentary. The poll for this Forum vote must last no less than seven days.

      A Snapshot vote which is completely identical to the original Forum post must be posted, again with a polling period of no less than seven days. If the Forum vote leads to the author thinking they should amend the post even one word, they must scrap the process and start all over again from step 1. Remember that this process is intended to be onerous and difficult to pass, so yes even if the change is just one word or some punctuation it must be completely redrafted and restarted.

      That Snapshot vote from step 2 must pass with at least 95% or more approval at the end of its seven day voting period, and with at least 100 separate $OHM (or $sOHM or $gOHM or any other derivative) wallet addresses participating.

      Steve, why didn't you offer framework 2 as an option?

        wollemiPine Because the vote on the forum determined which framework would be pushed to Snapshot, as you can clearly see in the vote result titles.

        I'm wondering, how is "Do nothing" currently winning the snapshot vote? Can someone explain? Olympus isn't a fucking charity, why does everyone when seeing a lot of money think "oh we should give this away"? Olympus DAO treasury is backing for OHM and there is no sane reason we should be making donations of any amount to anyone or anything without getting something in return, unless it's the devs here who are doing an amazing job.

        If people want to invest in a charity you can go have fun on the Angel Protocol on Terra, or check out Binance Charity, but don't try to turn Olympus into a charity fund.

          ElChapo The contributions are from treasury-owned OHM tokens that are currently not being used, not RFV or other assets.

          Hi ElChapo There is no current authority to use protocol funds for charitable donations - a governance vote to ban charitable donations if it passed would leave us in the same situation - which is that votes to use protocol funds for any purpose must pass through community governance.

          Even if a OIP-50 passed - anyone could come along with a vote setting aside OIP-50 and proposing use of protocol funds for a charitable donation the very next day.

          There seems to be wide consensus that we shouldn't use protocol funds for charitable donations - but it seems some voted against a ban because it would be optically bad for the protocol if it passed.

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