Hey all, I would like to add the following item to the agenda on the upcoming metagov call, as well as raise this point for a broad discussion. Metagov was supposed to do something about it and nothing happened. Tagging @AvsA @estmcmxci @5pence.eth
Being a Steward his job is to oversee work of “service provider stream” recipients. In that capacity he cannot oversee himself, that is a direct conflict of interest.
By now Slobo.eth had at least a whole month to make some sort of statement regarding that matter, to clarify his position - so far silence. This is complete no brainer, for example @cap in his stewardship application being also “service provider stream” applicant made it very clear, that he would resign, should he win both of the voting processes.
@lefterisjp in one of his twitter posts, commenting on recent voting window (being an external observer that is) already highlighted conflicts of interests, directly stemming from the process of ENS DAO distributing sizeable grants such as “service provider streams”.
For example in traditional finance investment bankers would be forbidden by law to trade securities. Those public protection laws are so severe that people get decades of jail time for violating those rules.
Recently during some other discussion @Coltron.eth was arguing that “if it’s not in the rules, then we don’t have to do it”. Clearly common sense doesn’t have to be in the rules to be applied.
This situation is not even about @slobo.eth per se, it’s bigger - it’s about setting precedent on self regulation. While certainly there is no traditional law regulating this situation, and there is no internal ENS DAO rule prohibiting him being a steward, there is simple thing called “Court of public opinion”.
It is especially relevant now that ENS is getting so much publicity, in the light of GoDaddy integration. ENS broadly as a collection of agents should be seen in public eyes as an “organisation with integrity”. Allowing this conflict of interests to go on would enable people like UD to pour even more dirt on ENS.
It is especially dissapointing, that @slobo.eth himself decided not to raise this subject, and someone else had to do it. To reiterate, you cannot be running public hospitals and oversee process of fund distribution for those public hospitals. My suggestion is for @slobo.eth to step down as Steward voluntarily, or have him removed as per ENS DAO rules which actually exist.