I wish I didn’t have to write the following, but I’m worried about what I am seeing with the DAO.
The latest Proposal #16: Tracer Growth Fund which related to 280,000,000 TCR Tokens (28% of TCR total supply) was accepted with just “9” votes (was this 9 individual voters? Possibly). Total votes 84.61k TCR.
Proposal #15: Maple Pools - Treasury Diversification which related to $1.25 million USDC was accepted with 8 votes. Total votes 76.97k TCR
I could go on and on and on.
If I am not mistaken, the number of the “100” voting in these proposals was 3 in both cases (and I was one of those 3). The rest I presume are governors.
Where are the other 97 of the “100” and where are the rest of the governors who were selected to help make these significant decisions?
Are there really only 3 of the “100” that care about how 28% of the entire TCR supply is deployed?
We need to have a serious discussion about how we can get Governors and the “100” to vote.
Should we postpone future votes until we have addressed this situation?
I can understand the hesitancy to vote when the initial Proposals required GAS to confirm, but now with Snapshot there really is no excuse.
So again, can we have a serious discussion about how to increase voting turnout.
I wish I hadn’t felt the need to write the above, but I believe we have something quite special with Tracer and I don’t want anything to jeopardize its future.