The objective of this proposal is to make the following agreements as a DAO:

• We agree to be diligent and conservative in spending of CFG from the on-chain Treasury.
• We agree to try to learn from the mistakes of other DAOs before us so that Centrifuge may spend its Treasury funds more wisely, and thereby give it a greater chance at succeeding in its mission.
• We agree to not start a broader grants program at the current time.
• We agree to raise the minimum quorum requirement to 66% of the council voting yes in order for treasury spending proposals to be passed.
  • This is an increase from the currently implemented 55% minimum quorum and should be added to the language in CP2.
  • This will need to be reassessed upon a possible move to Open Gov.

These agreements apply to all Centrifuge community members and those making proposals to the DAO treasury.

Do you agree with this proposal?

Please vote Yes or No.

See the full proposal: https://github.com/centrifuge/cps/blob/main/cps/CP58.md
See the discussion in the RFC: https://gov.centrifuge.io/t/rfc-treasury-spending-agreement/5575