0xbc3ed6b5…72c4sent to0x6f3e6272…223d·#17,720,667·view on Etherscan
I have repeatedly voted against staking, and I will do so again on this prop.
I do not think that the DAO should be pursuing small yield on its treasury. It exposes us to risk and opens up all kinds of debates that I think are a waste of DAO attention: should we have insurance, who should we stake with, etc.
I think the purpose of the DAO is to curate and empower (with funding) the global Nouns community. There are many competing and complementary ideas for what Nouns *is*, and we gradually discover the most compelling by funding various different versions and seeing the outcome.
I believe that the most exciting future for Noun is one in which Nouns are valuable because vote power is valuable because people are seeking for the DAOs approval and empowerment.
Personally, I do not think a DAO focused on small staking yield is a compelling vision of Nouns or good use of our time. If people want to stake, they are free to do so with their own ETH. I see small gain to the DAO in staking, outsized by the downside in the risks and time these kinds of proposals take.
Specifically here, many people seem to be voting for this in order to block the Prop 342. I do not think Prop 342 will pass, and I also think that we should focus on defeating proposals we think are bad, rather than pursuing round about ways that make it more difficult for the DAO to do things with its ETH.
*sent from voter.wtf*