Builder DAO

I am are writing this proposal to address some concerns members have regarding the governance and decision-making processes within Builder DAO. This proposal aims to ensure greater transparency and fairness in decision-making, which I believe is essential for the long-term success of the DAO and its mission.

The proposal includes the following points:

Remove Zora’s veto power: zora.eth (Zora Inc) currently holds a veto power that can prevent any proposal from passing. This creates a significant imbalance of power and undermines the democratic process of a DAO. Removing this veto power will ensure that all proposals are subject to the same scrutiny and decision-making process, without any undue influence from a single entity. BuilderDAO was presented to Nouns without fully disclosing the nature of the project they intended to undertake. It was not made clear that the project would involve the creation of an UNA, let alone one founded by a US entity.

Increase NounsDAO allocation to 10%: Currently, NounsDAO holds a 5% allocation of BuilderDAO tokens. This allocation should be increased to 10%, reflecting the important role that the DAO plays in the builder ecosystem and ensuring that it has sufficient means to carry out its mission.

Remove Zora’s founder allocation: Currently, Zora holds a founder allocation of 10%. Given the potential conflicts of interest associated with the company’s involvement in the DAO, this allocation should be removed to prevent any further conflicts of interest.

Increase the auction minimum bid to 3 ETH: There have been several instances where malicious actors have targeted BuilderDAOs with low minimum bid requirements, leading to the loss of funds for DAO members. Increasing the auction minimum bid to 3 ETH will mitigate this risk and provide greater security for BuilderDAO members, especially considering the current size of the treasury.

These changes will increase transparency within the Builder and greater Nouns ecosystem and help to ensure that it operates in the best interests of its members. I urge all members of the DAO to support this proposal and help to strengthen the integrity of our community.