0x4ff99ad3…908fsent to0x663d77b6…0c36·#20,180,326·0xf46899b1…88ce50
# Renounce Ownership of Relevant (REL) Token Contract
In view of recent malicious attacks to take control over the REL token smart contract, I am submitting a proposal that will renounce the DAO's ownership of the contract. This will prevent any potential governance attack on the REL token and prevent attackers ability to drain the remaining liquidity pools.
REL contract: <https://etherscan.io/address/0xb6c4267C4877BB0D6b1685Cfd85b0FBe82F105ec#readProxyContract>
As a result it will no longer be possible to call a number of onlyOwner methods:
setVestingContract - no longer needed
setInflation - we will not be able to update inflation rate (currently at 10%)
burn - not necessary (we already burned all an-allocated tokens)
updateAllocatedRewards - not needed (internal accounting method)
vestAllocatedTokens - not needed - we already sent all the tokens that we needed to the vesting contracts