I wanted to follow up on the accountability that we have built into our executable proposal.
This includes providing the calldata necessary to cancel our streams at any time should we not deliver on our promises.
Our executable was built using the following GitHub repository: GitHub - unruggable-labs/unruggable-stream
This codebase:
- Generates the calldata for setting up both our requested Superfluid USDC stream and our Hedgey ENS token stream.
- Simulates execution of these transactions using Tenderly.
USDC Stream
approve
- https://www.tdly.co/shared/simulation/7a33ba80-767d-4764-891f-b93690ad7b25
upgrade
- https://www.tdly.co/shared/simulation/d564e4b9-3c5d-4e90-91f7-9ae78e32fbd1
setFlowrate
- https://www.tdly.co/shared/simulation/725d872b-8174-4fa5-a60b-5d45eea1812f
increaseAllowance
- https://www.tdly.co/shared/simulation/d94d705b-0025-4500-b5d0-e4eba5221abeENS Stream
Delegates are able to see, and confirm exactly what the proposal executes.
In addition to this, we are providing calldata for cancelling both of these streams should Unruggable not deliver on their promises.
We have also provided milestones within our proposal:
And have adapted our ENS token request to have a 1 year cliff as visually shown in the below graph.
If for any reason delegates decide to cancel our stream within the first 12 months, the ENS tokens will immediately be returned to the DAO Wallet (TimelockController). This is clearly illustrated in this Tenderly cancellation simulation.
This is true DAO led decentralised Governance whereby everything is explicitly on chain, and cancellable at any time should we not execute to an ENS worthy standard. There are no up-front lump-sum payments.
We acknowledge that many prefer that we wait to use the next iteration of the Service Provider program. We support the program and are very appreciative of it.
We have requested funding directly from the DAO because we feel that it is in the best interest of the ENS DAO to support our work on production gateways with a stable funding stream. This will allow us to expand our team with exceptional talent and focus on delivering on our milestones.
We look forward to working collaboratively with the entire ENS community in 2025 and beyond to make ENSv2 a resounding success.