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closedEnded 3 years ago ยท Snapshot (Offchain)

JBP-436 - Update Reserved Allocation (September 2023)

By 0x50e7...11b4BA

Synopsis

Update the reserved list to include active JuiceboxDAO contributors. For organizations that work with JuiceboxDAO, send reserved tokens to their multisigs instead of individuals.

Motivation

  1. Sending reserved JBX to multisigs instead of individuals allows those organizations to use their JBX more creatively โ€“ to distribute as an added incentive, to build a stockpile, to vote collectively, or to do something else.
  2. Allocating reserved issuance to align incentives with active contributors will become even more important as the buyback delegate is implemented, which may significantly increase reserved issuance.
  3. Simplifying this list makes it easier to verify relevant multisig transactions.

Risks

Sending JBX to multisigs gives these organizations more to manage, even if minor. This distribution is only a loose approximation.

Specification

Update reserved JBX distributions like so:

RecipientPercentage
dao.jbx.eth32%
Peel (6)24%
Nance (2.5)10%
Juicecast (2)8%
WAGMI Studios (1.5)6%
drgorilla.eth4%
filipv.eth4%
breadfruit.eth4%
jb.0xba5ed.eth4%
zhape.eth4%

Rationale

Since there are now fewer recipients, Iโ€™ve slightly increased the allocation to dao.jbx.eth (from 30% -> 32%).

The list was updated to only include current contributors, with 4% per individual. Organization allocations were calculated based on the following list:

OrgMembers
Peel6: TJL, peri, aeolian, Strath, wraeth, johnnyd
Nance2.5: jigglyjams, twodam, Zeugh (part-time)
Juicecast2: matthewbrooks, brileigh
WAGMI Studios1.5: Sage, mieos (part-time)

Timeline

Implement in the cycle following this proposalโ€™s approval.

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Votes 32
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0x90ed...b10ff7
22.162M

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0xf725...1D0041
21.701M

For

0xe787...eDEFd1
19.558M

For

0x3067...6EAB39
16.606M

For

0x6860...4EEa3c
10.502M

For

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Proposal Status
  • Tue September 12 2023, 12:05 amVoting Period Starts
  • Sat September 16 2023, 12:00 amEnd Voting Period
Current Results

1-For

127.125M

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