As planned, we have initiated the On-chain Vote based on the results of the Off-chain Vote.
Please visit Subsquare to review the proposal and cast your vote: Approve Treasury Proposal #13 (Neemo Reimbursement – Snapshot Model) & Transfer Neemo dApp Ownership Back to Neemo Multisig
Context Overview
- All proposed options have already been presented and discussed.
- However, within the current Soneium/ASTR ecosystem, it is difficult to conduct an Off-chain Vote with adequate Sybil resistance.
Limitations of Off-chain Voting
- Subsquare does not prevent Sybil attacks, and Snapshot is not yet integrated with Soneium.
- Even if we attempted to calculate nsASTR/nrETH holdings across DeFi protocols using a voting tool, there would still be a significant risk of miscalculation due to the complexity of aggregating data from multiple protocols.
- Any error in calculation would likely lead to questions about legitimacy, and strong calls from the community to redo the Off-chain Vote.
- This would further increase confusion and damage trust within the ecosystem.
Validity of the On-chain Vote
- In contrast, the On-chain Vote — as originally intended — is weighted by ASTR balance × conviction multiplier, ensuring greater transparency with no Sybil attack risk.
- Even if one option is rejected, the most fair and credible path forward is to submit all options sequentially via On-chain Votes, enabling an open and objective decision-making process.
- Importantly, it should be noted that ASTR cannot be withdrawn from the Treasury by any method other than an On-chain Referendum.
We sincerely thank all community members for your input and patience. Your participation in the on-chain vote is critical.