0xf6e7501d…6aa9sent to0x6f3e6272…223d·#25,839,380·view on Etherscan
TL;DR: Cancelling an approved charitable stream to reclaim capital into the treasury for yield reverses mission spending on the exact treasury-efficiency logic the constitution rejects,…
Prop 471's Endaoment stream is charitable/public-goods mission spending (I.1, I.4), and this proposal's core action is to defund it and recover the unstreamed ~88 WETH back into the timelock. The stated justification — that capital 'does nothing while it waits' and should earn ~2% yield — is precisely the 'treasury as product' / treasury-efficiency reasoning the Preamble and II.3 warn against, and it walls active mission capital back into the treasury (the II.4 'freeze' direction). The promised replacement of deliberate direct charity is an unenforced future promise, not part of this calldata, which merely calls cancel() and recoverTokens() to the treasury (consistent with the prose, no mismatch). Because it restructures an existing treasury position and rests on a yield rationale, it is flagged structural and escalated.
[ suggestions ]
- Pair the cancellation with a concrete, funded direct charitable grant so mission giving continues rather than reverting to treasury hoarding.
- If the concern is stream design, propose a shorter or milestone-based charitable vehicle instead of a net reduction in charitable outflow.
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