It’s been mentioned of K9 building it’s own voting platform…Our team is more than capable… However time restraints could be an issue. I know this is on their agenda as the DAO is a top priority I say next to development and launch of the product…
2 Likes
I don’t think those asking the K9 Finance team to pay $20K ANNUALLY realize the strain on the budget that would cause. That’s $20K removed from additional marketing, building, funding, and expansion, just so you can vote on proposals when we’re already 200% over quorum on every vote already.
Here are your options:
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Keep your KNINE on ETH and vote
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Bridge over a certain amount so you can use Bone Crusher. Leave the rest on
ETH to vote -
Bridge all your KNINE to Shibarium and use Bone Crusher.
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Bridge and stake. Unstake and bridge back to vote. Bridge back and restake.
There is no right or wrong action with these options. The choice is totally yours to do as you see fit with your DAO participation.
If you’re still reading, thank you. Here’s the bigger picture:
The Shib World Paper has many sections about how each ecosystem token of SHIB, BONE, and LEASH are ALL GOVERNANCE TOKENS. What does this mean? It means the ‘Shib Team’ has to be building a voting platform for Shibarium or has plans to do so in the roadmap. Good things come to those that wait.
Don’t be short-sighted and hasty to force $20K out of the team’s budget every year just because voting is not activated on Shibarium yet. It will be in due time.
In the meantime, buy more KNINE and allocate some to stay on ETH for voting purposes if it means so much to you.
8 Likes
Very well written proposal…
100% supported this proposal
I believe when one vests their KNINE on Shibarium - they will receive a receipt token which will be able to be used for voting in the DAO as well.
So as long as KNINE is vested - it’s a non-problem really.
Devs might correct me if I’m understanding something wrong.
5 Likes
There is a hidden sKNINE token when vesting.
4 Likes
Just pulling this out of my a… memory, iirc Buzz once said that this is the way: they could either keep it as it is now or implement it with not much effort. Or something like that… XD
At least how i understood it at that time, i think.
2 Likes
As time becomes a crucial factor in the voting process of the DAO I believe it could be in our best interest to fund the integration of snapshot into Shibarium. I have reached out to several Community leaders in regards to shared funding but currently there is no immediate need for snapshot in some of the other projects with a DAO within Shibarium. Funding the snapshot integration for a year could be in our best interest and give time for future development and or participation of other Shibarium projects. The cost was mentioned around 20K which could be negotiated.
Would love to have more thoughts and input as I’m sure the entire DAO would.
1 Like
Those 20k seem like predatory pricing to me. Since they have a ready platform - the real cost of connecting extra network is probably in hundreds of dollars - not thousands.
I would propose creating our own DAO voting platform instead which incorporates Eth + Shibarium.
I am not a coder but I imagine it shouldn’t be too hard to spin a site which would take a snapshot of wallets on Eth and Shibarium at the same time and allow people to cast their votes accordingly.
Even if it costs the same amount to develop - it will pay off after 1 year already.
I would imagine it might be even cheaper though.
And if we build possibility for other projects to join - we can rent it out for a reasonable price or provide it as public service getting great street cred for it in return.
4 Likes
I don’t know how negotiable the price is…lol…I say we go there…to see… I don’t like a 20K cost price tag either…
2 Likes
Of everything I read I agree with this most.
I love the idea and I think voting on SHIB is important, but I also feel like that fee is insane for the actual cost.
Can we not crest our own snapshot for 1/10 of that price annually that incorporates both SHIB and ETH?
2 Likes