Yam

Yam is under going a governance attack by people have tried twice donate other people’s funds and be able to redeem their own.

It is theft to donate other people’s funds but not your own.

This has been discussed at nauseam on discord and the forums, but the individuals who have been caught trying to pay for votes to steal other people’s funds have created a snapshot twice. Both snapshots have failed but it is likely that they will try again.

Evidence of impropriety: 2 Snapshots that have failed: https://snapshot.org/#/yam.eth/proposal/0xe2b29b6ed210b7737c1e397b9a9449035f265475c152986182d29588f1571232 https://snapshot.org/#/yam.eth/proposal/0x3db446c52f54bba28b95551dfa8f55ca0a9fda868dbec04d37a46467eb3fc1bf

Solution -

1. Ban / ignore all further discussion and votes that would send un-redeemed funds without approval from the holders of un-redeemed YAM.
2. Update the Guardian Multisig - We need to update the guardian multisig to include people who will stop bad actors who want to spend other YAM holder’s part of the treasury but not their own.

Who should be on the Guardian Multisig

This proposal will be removing anyone who is currently on the guardian multisig that:

1. Would no longer like to be a guardian
2. Would not vote to cancel an on-chain transaction that would allow donation of other people’s funds but not their own.
3. Does not respond within 48 hours.

This proposal will add anyone that would like to apply. Anyone is qualified if they meet either one of these criteria:

1. Anyone who has publically spoken out agianst the theft of un-redeemed funds before the time stamp of this posting.
2. Anyone who has voted on the past 10 snapshot proposals with these requirements: a. With above 3k BOU YAM. There are many bots that auto vote every snapshot with minimal number of YAM. b. Did not vote to donate un-redeemed funds to charity on either of the snapshots. c. A member of the community before Oct 9th.

Additional Info

The two wallets that are primarily trying to redeem and donate the un-redeemed treasury have bought all their YAM at a significant discount to treasury value. By going thru with the redeem, they stand to profit immediately but they want to also steal the treasury from the people who are unaware or don’t keep track. https://etherscan.io/tokentxns?a=0xAbC8e9b22e8658Ac6d61d86cA035AFDb8a453da2 https://etherscan.io/tokentxns?a=0x2281A3Cd35AD0314f4aAB831017930078ED461F7