SharkDAO

We are a new DAO. We originally said our goal was to acquire nouns in the first nine and we have succeeded. What comes next? We don’t know yet, but it doesn’t seem right to keep taking on new members and money when we don’t yet have a plan on what to do with the money. We have plenty of ETH in the treasury at the moment.

I propose we temporarily limit the onboarding of new members and ETH until we vote on a process for doing so, a governance model, and a plan for what to do with the new ETH. The exact plan for closing the DAO has yet to be decided, but the leading idea is to handle this via Juicebox.

Pros: -Prevents further dilution of current DAO members’ equity in the DAO. -We are not in an immediate need of more ETH. -We can easily lift the restriction once we figure out a process an procedure for onboarding new capital.

Cons: -In theory, some potential future members could just join the PartyBid while we figure out our governance model.