As most of you know, we had an informal poll to have a cool off period before we decided what to do with the 84k MKR received from the Foundation. While months have not passed, I think enough time has gone by that we can make certain decisions about these funds. I would personally like to propose that we send these funds to the burner.
- Removes the cognitive overhead of deciding what to do with these funds. Trying to find a “purpose” for these funds will ultimately lead to potential wasteful spending.
- Potential positive PR implications
- Potential legal ramifications with regards to securities law when minting future MKR to replace burned ones
- Could be used in the future for fundraising or any unforseen capital costs. Counter-argument is minting would achieve the same goal (loop back to possible legal ramifications)
Should we burn the 84,000 MKR sent to us from the Foundation?
Polling will end on 2021-06-10T16:00:00Z. If “Yes” wins with a majority, I will create an on-chain poll for MKR holders to vote on the following Monday. If “Yes” then passes the on-chain poll, an executive in the future will be created that includes a spell that will burn this MKR. As always, I look forward to hearing your feedback and discussion.