unoriginalcory

  • Mar 22, 2022
  • Joined Aug 16, 2021
  • I humbly suggest the OIP should be first focused on establishing the framework which will be used to evaluate potential M&A targets and the criteria that must be met in order for the "core/deal" team to move forward with more formal negotiations with the potential target. The community can then vote on whether it is comfortable allowing the core/deal team freedom to operate according to such a framework.

    Further I would suggest that before asking the community to approve the legal form of a tender offer, the offer document should be reviewed by an attorney experienced in crypto/web 3 and IRL M&A. Once such a review has been completed the community can feel comfortable with the scope and content of the tender offer template and can then offer whatever other feedback it so desires.

    • Multisig with majority of "reputable" entities… kinda worries me… who defines reputable? why not have our DAO hold majority when we lend out?

    • Big fan of the Balancer LBP and White Whale held the first ever LBP token launch on Terra today. Its a great case of expanding OHM usage. Totally supportive!

      As for the multisig, will the DAO be part of it? The recent AnubisDAO rug on Copper came to mind. If I remembered correctly, there was a multisig in place for the liquidity pool but at the very last minute during launch, due to some technical issues, the control of the liquidity pool was given to a single person and the rest was history. Would like to know in cases where Olympus is providing funding, we have mechanisms to prevent this?