0xc949c2f3…3d54sent to0xaf159c68…48c8·#24,980,788·view on Etherscan
# Loot Survivor Governance & BYOB Dungeon Proposal
## Summary
This proposal seeks to approve the following three actions:
1. Establish a 3/5 multisig on Starknet for the purpose of custodying Loot DAO’s $SURVIVOR tokens.
2. Grant the multisig limited authority to participate in Survivor DAO governance on Loot DAO’s behalf, including voting and vote delegation.
3. Allocate 100,000 $SURVIVOR tokens from Loot DAO's Survivor token holdings to be used as in-dungeon rewards for a Loot-exclusive Bring Your Own Bag dungeon.
## Background
Loot DAO currently owns 1,324,624 $SURVIVOR tokens on Starknet. These tokens are currently held in a 2/3 multisig at address 0x061a55ab9a4C739Ab1d4e04A4F6628D51b8601de150d2ee46C7835c8dA5964dD by members of the Loot Survivor core team.
This custody arrangement was created as a practical temporary structure while Loot DAO’s $SURVIVOR allocation was finalized. Now that Loot DAO holds a meaningful economic and governance stake in Survivor DAO, it is appropriate to move these tokens into a broader multisig controlled by trusted members of the Loot community.
This proposal establishes that structure.
## Proposed Starknet Multisig
If this proposal is approved, 1,224,624 $SURVIVOR tokens will be transferred to a new 3/5 Starknet multisig at address 0x07eAF35BDBd8Ba399C7B206C9e4d68CC0A78Cc4fA214B3Be4aB2db17C5bF0E0e secured by the following five members of the Loot community:
- Taylor Zhang
- Calcutator
- Flashrekt
- Caygeon
- Loothero
These members were selected based on their seniority in Loot DAO, familiarity with Loot Survivor and Starknet, and their substantial collective ownership of Loot bags.
The remaining 100,000 $SURVIVOR tokens will be left in the current account to be used as rewards in a new Loot Bring-Your-Own-Bag dungeon which is outlined later in the proposal.
## Survivor DAO Governance Authority
Loot DAO’s $SURVIVOR position gives Loot holders a meaningful governance stake in the future of Loot Survivor and Survivor DAO.
The original intended approach was to mirror Survivor DAO proposals to Loot DAO and reflect the votes. While this was a reasonable approach in theory, in practice, this approach is not workable because Loot DAO proposals require a longer voting and execution timeline than Survivor DAO proposals. As a result, by the time a Loot DAO vote could be created, discussed, completed, and interpreted, the corresponding Survivor DAO vote may already be closed. This timing mismatch makes it impractical for Loot DAO to mirror Survivor DAO votes on a proposal-by-proposal basis.
For this reason, this proposal adopts a more practical governance model: Loot DAO will authorize a five-member committee, operating through the 3/5 Starknet multisig, to vote and delegate Loot DAO’s $SURVIVOR tokens in Survivor DAO governance.
This committee is expected to vote in the best interests of Loot DAO, the Loot ecosystem, and the long-term alignment between Loot and Loot Survivor.
## Scope of Multisig Authority
The 3/5 multisig will serve as the Starknet custodian for Loot DAO’s $SURVIVOR tokens.
Loot DAO retains the authority to add or remove signers from the multisig through a successful Loot DAO vote. Any signer change approved by Loot DAO should be executed by the multisig in a reasonable amount of time.
At creation, the multisig is authorized to:
1. Vote and delegate votes in Survivor DAO governance on behalf of Loot DAO.
2. Execute future Loot DAO decisions involving Loot DAO’s $SURVIVOR tokens.
The multisig is not authorized to transfer, sell, swap, stake, lend, or otherwise use Loot DAO’s $SURVIVOR tokens unless approved by a successful Loot DAO vote.
This keeps authority with Loot DAO while allowing the multisig to act as an efficient Starknet executor and Survivor DAO governance participant.
## Loot Bring Your Own Bag Dungeon
In addition to establishing Starknet custody and governance permissions, this proposal approves the use of 100,000 $SURVIVOR tokens to be used as in-dungeon rewards for a Loot-exclusive Bring Your Own Bag dungeon. For clarity, 100% of these tokens will be made available to Loot holders via in-dungeon rewards and this dungeon will be free to enter for Loot holders who will start their dungeon run using the content of their Loot bag.
## Execution
If this proposal passes:
- 1,224,624.468 of Loot DAO’s $SURVIVOR tokens will be transferred from 0x061a55ab9a4C739Ab1d4e04A4F6628D51b8601de150d2ee46C7835c8dA5964dD to the new ⅗ multisig at 0x07eAF35BDBd8Ba399C7B206C9e4d68CC0A78Cc4fA214B3Be4aB2db17C5bF0E0e
- 100,000 $SURVIVOR tokens will be left in their current ⅔ multisig and to be used for the Loot BYOB dungeon.
- The new 3/5 multisig will be authorized to vote and delegate votes in Survivor DAO governance on Loot DAO’s behalf.
## Conclusion
This proposal creates a more resilient and aligned custody structure for Loot DAO’s $SURVIVOR tokens, gives Loot the ability to participate in Survivor DAO governance, and funds a dedicated Loot holder activation through a Loot-exclusive BYOB dungeon.