0x71558ae2…779csent to0xcf2f348c…b49a·#23,222,434·view on Etherscan
nouns-duna-admin-elections- The role is defined by binding agreements and bylaws that specify deliverables. Admin duties are codified in the DUNA Bylaws (Sections 2.1 and 2.2) and in the Administrator Agreements (Proposals 728 and 729), which together define roles, powers, compliance responsibilities, and operational expectations. Any candidate or community member can review these onchain documents to understand the baseline responsibilities, which have been outlined since before the formation of the DUNA.
- We feel that multiple admins are necessary since the responsibilities require continuous monitoring, coordination, and intervention with no true downtime. The role requires daily monitoring including weekends, with no time off. Two admins ensures consistent coverage as life events are guaranteed to arise.
**Core Duties**
- Compliance Administrators are responsible for: reviewing DAO proposals for legal compliance, implementing and managing tax and sanctions procedures, ensuring proposals align with U.S. law and the DAO Bylaws, enacting offchain actions for passed proposals through contracts or payments, taking additional compliance actions when necessary, management of offchain assets and nouns.wtf domain related services, and coordinating with accountants, KYC providers, legal counsel, and tax advisors to ensure smooth operations.
- The Reserve Administrator has the same duties - acting as backup and advisor to the Compliance Administrator and stepping in when needed to ensure coverage. In practice, we’ve operated as a team.
- Veto Administrators have the authority to veto proposals in extraordinary circumstances involving legal or existential risks, serving as a safeguard for the DAO.
**Elaboration on Day-to-Day Work**
- Accountants: administrators assist in an ongoing basis to prepare financial reports, categorizing and clarifying sources of income and expenses, and maintaining records for audits and tax filings.
- KYC: administrators manage onboarding and verification of contributors and grantees through our Persona workflow, assist in resolving technical issues, and maintaining compliance records.
- Legal advisors: we try to limit interactions with legal as our advisors are extremely expensive, when needed we engage them to address liability, sanctions, governance interpretation, contract matters, etc.
- Tax advisors: we coordinate to ensure contributions, grants, and expenses are treated correctly, advise on compliance, strategize for tax efficiency, and oversee filings in coordination with our accountants.
- These duties are all ongoing and require consistent attention and coordination, not one-off tasks.
**Transition & Election Process**
- A minimum one-month overlap or handoff should be built in between outgoing and incoming admins to ensure continuity with accountants, legal, tax, and KYC providers. We will also need time to transition any and all accounts, multi-signature wallets, etc.
- Ideally, transition periods should conclude after tax filings are completed, since ending terms before taxes are filed risks gaps in knowledge on specifics from the previous year. This is not the case currently, but we strongly recommend the DAO considers adjusting the admin terms to align with tax filings moving forward.
- To ensure neutrality, it would also make sense to formally prohibit all candidates from voting in elections onchain or through meta-governance. Allowing this creates an uneven dynamic where candidates can vote against sitting admins, who are restricted from voting themselves.