Trx. Id: 9d64c0ec40809950bc3fba068f4cd40b25f493e1b3c4c45f57a3db1425b3c4e9
Expiration Time: 2024-07-17T18:23:30.000
ACTIONS
| CONTRACT | NAME | AUTHORIZATION | DATA |
|---|---|---|---|
| dao.hypha | proposeupd | chuckseattle active |
proposal_id : 64825 proposer : chuckseattle content_groups : label : content_group_label value : stringdetails label : title value : stringReconciliation of SEEDS Commons Sale label : description value : stringReconciliation of SEEDS Commons Sale After SEEDS governance failed to approve the Milestone 3 payment, and created the SEEDS Commons, Hypha adopted proposal [https://dao.hypha.earth/hypha/agreements/28668](https://dao.hypha.earth/hypha/proposals/28668) establishing a policy to redirect proceeds of the SEEDS Public Sale to the Commons. For several reasons, this policy was not fully implemented, leaving liabilities on behalf of both the Commons and Hypha regarding the Public Sale. The Sale transactions and net liabilities are detailed in the attached document. This proposal resolves all outstanding liabilities in this regard. It recognizes the SEEDS Collaboratory DAO as successor to the Commons and reconciles the liabilities by means of transactions between Hypha and the Collaboratory DAO. It also establishes a limited-purpose joint escrow account to hold the funds due to SEEDS Collaboratory under this agreement for one year. Under this policy 1. The SEEDS Public Sale contract remains permanently suspended ? 2. SEEDS and TLOS assets of the tlosto.seeds accounts shall be transferred to Hypha treasury accounts. ? 3. Hypha will create a multisig Telos escrow account, to be managed as described below. 4. Hypha recognizes a liability of $11060.03 ? which is resolved \[in part by\] ? $9500 delivered to SEEDS Collaboratory DAO?s representative ? the submitter hereby pledges to immediately deliver these tokens upon receipt into the escrow account. 5. If any liabilities related to the SEEDS Commons Sale are currently held on Hypha?s balance sheet as BTC or EOS, they will be removed and subsumed into the HUSD liability described here. 6. The SEEDS Collaboratory DAO will deliver 167363.741 SEEDS to a Hypha treasury account as specified by Hypha It is understood that redemption of HUSD is determined by Hypha policy and is subject to indeterminate delays. Management of the escrowed funds. 1. The funds will be used primarily to pay for software development and maintenance services provided by Hypha-affiliated persons. This scope of the work will be specified by SEEDS Collaboratory in collaboration with Hypha members. 2. Unless otherwise agreed, reimbursement shall be based on specific deliverables, each with defined scope of work and predefined price (Quest model). 3. After the 1-year escrow period expires, the remaining balance (if any) shall be placed under full control of SEEDS Collaboratory. 4. The multisig signing configuration of the escrow account shall be determined and implemented by agreement between the respective financial/economics Circles of the two DAOs. Signers will be responsible for abiding by this policy; no subsequent DAO Agreements are expected to be necessary for implementation. The completion criterion for this quest is when all of the following obtain: 1. A proposal containing identical or synonomous text is passed by the SEEDS Collaboratory DAO 2. A proposal containing identical or synonomous text is affirmed by the SEEDS Commons or a group acting in good faith representation of the Commons? interests 3. The SEEDS Collaboratory holds in its treasury sufficient SEEDS balance to meet the obligation herein. Upon approved completion of this Quest, the specified amount of HUSD will be automatically issued directly to the submitter, Chuck Harrison, whereby Hypha?s liability to SEEDS Commons is dissolved. Chuck Harrison ? commits to promptly transfer the HUSD to the specified escrow account. The SEEDS Commons Sale transactions are displayed in this spreadsheet: [https://docs.google.com/spreadsheets/d/1n52Yb2kFWv0NjWTCzGbHk4sv6ITcsSMQreKOi1pN6zc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1n52Yb2kFWv0NjWTCzGbHk4sv6ITcsSMQreKOi1pN6zc/edit?usp=sharing) The attached pdf document contains (1) the authoritative full text of this proposal, followed by (2) the spreadsheet linked above. label : url value : stringQmWrKM4H6BYncLnGSZjKCk5vLrXp4BfjJj3ofFcHXEH3zw:pdf label : deferred_perc_x100 value : int640 label : usd_amount value : asset9500 USD label : voice_amount value : asset9500.00 HVOICE label : reward_amount value : asset0.00 HYPHA label : peg_amount value : asset9500.00 HUSD label : start_period value : int6449541 label : period_count value : int642 label : recipient value : namechuckseattle |