cryptonews.net
Under the proposal, dYdX's initial operational subDAO (OPS subDAO) expires on June 19 ($DOT 1.0), and to launch $DOT over the next 18 months, the community plans to allocate $6.6 mln to cover costs and compensate contributors.
Reverie Reserves, LLC and George Beall have agreed that they will no longer participate in $DOT as trustees and executors after the current term expires on June 19, 2023. The dYdX community is actively looking for additional trustees as well as new enforcers.
$DOT 2.0 will be responsible for the following:
- finding an operations manager, technical project manager and site reliability engineer to expand the Ops subDAO and provide technical assistance to the dYdX DAO;
- search for an indexer operator and participate in the deployment of an indexer in a future version of the protocol;
- facilitate the deployment of open source software and the operation of applications for iOS, Android and website (browser) interfaces for a hypothetical future version of the protocol;
- upon completion of the $DOT 2.0 mandate, any remaining money will be transferred to a community controlled wallet.
Image: Chain Debrief