#[PASSED] ICCP-9 Safety Pool - Lowering of Threshold and Future Revenues

1 messages · Page 1 of 1 (latest)

restive spruce
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Proposal on Snapshot: (Passed) https://snapshot.org/#/community.ilv-gov.eth/proposal/0x881a3bec45af4260361995eefa7c3ec41f17c969dc2b51ad89dd66047173d28f
(Passed Stratgey Sub-Council) https://snapshot.org/#/strategy.ilv-gov.eth/proposal/0x0e904f2508ef81c5ee040be88ce7783ef88111c1f3ad977a3ca0f91af5ce3f24
(Voting IMC) https://snapshot.org/#/ilv-gov.eth/proposal/0x7f42cf15b596ce6ac4000db46129d9cc20ce44d04e57a33eb919bcd77274d75a
Discussions: https://discord.com/channels/760344898200666112/1119852427127029821

Summary

This ICCP intends to recalibrate the safety pool in light of the recent capital raise of 10 Million USD and the total sales generated from the completion of Illuvium: Beyond Wave 1. The ICCP proposes to lower the threshold from Fifteen Million ($15 Million) to Five Million ($5 Million) USD or its equivalent. With the addition that all current & future revenue shall be diverted to the Safety Pool, in accordance with ICCP-3, until the Safety Pool is filled or Illuvium enters Open Beta whichever comes first. All revenue exceeding the Safety Pool threshold or generated after Open Beta will be directly allocated to Revenue Distribution. By making these adjustments, the Illuvium DAO (“DAO”) aims to ensure adequate financial resources are readily available for the runway until the DAO’s revenue streams are profitable.

Objective

The objective of this proposal is to take into consideration the impact of the $10 Million USD capital raise in relation to the initial threshold of $15 Million USD and including current & future revenue streams to complete the funding of the Safety Pool or until Illuvium enters Open Beta whichever occurs first. By lowering the threshold and including current & future revenue streams, we seek to create a more robust financial buffer that can be utilized for various purposes, such as mitigating risks, seizing opportunities, and investing in strategic growth initiatives.

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<@&1107754780744487002>

glad prairie
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Testing

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Well, seeing as I hold the most amount of weight here at Illuvium sarcasm I do appreciate this ICCP. My intoxicated brain doth believe this to be quite an adequate modification to the current safety pool standard. HOWEVER. I do not know the current trajectory of the roadmap and would like to make an inquiry to the team on whether we are ahead or behind schedule. If behind, I would propose that the safety pool remain as such due to the trend of falling behind schedule thus requiring a potentially longer runway toward launch.

I have spoken.

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@restive spruce did i do good?

restive spruce
queen sage