RFC: Hire the Professor and implement these changes

There has been over 200 comments of support for The Professor’s proposal post in the General Discussion and it has been one of the most active boards this last week. The original article proposed many changes, too many to vote on in one governance proposal. In his newest article, he addresses the Rage Quitting Solution and comes up with a fair outcome for both sides (link below). *

*Link to previous forum discussion: (Hire the Professor and implement these changes)

Link to newest article: Raging in Wonderland. How a Rage Quit Solution can be a fair… | by The Professor | Feb, 2022 | Medium

  • Option A: Allow a Rage Quit Solution whereby those that exit don’t receive up to $67 million of the Treasury and those that stay receive an “APY multiplier”. Trading will be suspended during the vote to not allow any whales to arbitrage (this is what is recommended by The Professor).

  • Option B: Allow a Rage Quit Solution and include all assets held by the DAO and don’t suspend trading.

  • Option C: No Rage Quit option.

Please read The Professor’s newest article before commenting or voting as it shows what we as a community need to consider.

Name: [RFC] - The Professor Proposal

Scope: This proposal outlines that rage quitting should be the first thing voted with heavy preferential treatment given to those that stay. All other changes to the DAO will come after.

Link to previous [DAO Discussion]: Hire the Professor and implement these changes: Hire the Professor and implement these changes

Objective: We need to come together and stop being divisive within the community for the protocol to grow.

Provide a High Level Overview: The Professor’s newest article highlights the need for a rage quit solution and why it will actually benefit the protocol. He outlines how both sides can win and how to stop whale manipulation.

27 Likes

I see no improvements taking in consideration previous discussions, takes like this is quite naïve

4 Likes

Having gone through both Professor previous & newest articles, Option A, pls.

I like option C. We have to stay together.

2 Likes

There has already been an RFC opened with majority voting in support of a rage quit option before any other changes are made.

This RFC differentiates the options for rage quit scenarios and is worth considering.

I would support Option A. But there should be some kind of vote for this in the RFC.

1 Like

Definitely option A. Without rage quit, we can’t move forward.

For those who are saying, we need to be together, the people who want to quit can’t wait to dump on the real holders when the price reaches their requirement.

So the best solution is, get them out right now, so that the people who wants to remain can move forward, as they will buy back into the project anyways when they see things are getting better and real holders are starting to put profit in pocket IMO.

2 Likes

Option A would get my vote.

3 Likes

Option A. Seems like it will make both parties happy.

2 Likes
  • Allow a Rage Quit Solution whereby those that exit don’t receive up to $67 million of the Treasury and those that stay receive an “APY multiplier”. Trading will be suspended during the vote to not allow any whales to arbitrage (this is what is recommended by The Professor).
  • Allow a Rage Quit Solution and include all assets held by the DAO and don’t suspend trading.
  • No Rage Quit option.

0 voters

10 Likes

added a poll here ^
bump this up so people can vote

I vote for option A in line with the Professor’s recommendation.

2 Likes

I vote for option A and moving forward

2 Likes

I’m good with either Option A or Option B, leaning more towards Option B as it’s a free market and people that wanted to arb have already bought in. Going forward with an exit option will establish a price floor and reduce the volatility of wMemo. It’s a win-win, and afterwards there’s no incentive to leave since the market price will rise to its backing.

Trapping investors after the scandals (which investors did not know of) is extremely bad for the image of the protocol. And Olympus already offers a similar option through the inverse bonding process.

1 Like

With this DAO, treasaury raised, and DeFi, all is moving quickly. Now it seems we moved really slow for the past couple of days. Lets make WL great again and vote, fast!

1 Like

Is it even possible to stop trading? The DAO does not own all the liquidity. This is especially true on FTM. Seems like the people who own LP tokens stand a lot to gain from this.

Will pulling the liquidity in itself cause even more FUD? I can just imagine the rug pull headlines that will come with that.

IMO inverse bonds at slightly above market (until backing) seem like a better option. OHM already has it coded. Should encourage the market to arb the market price up to backing then anyone who wants the exit can find it at sushi.

1 Like

I think people need to realize that option C no longer exists. There is already a mature RFC for option B so there will be a Rage Quit vote. At this point, we, the community need to decide which option goes to vote. The vote itself will allow the community to choose option C. Basically the vote will come down to Option A vs No Rage quit… or Option B vs No Rage quit. I prefer a vote on Option A.

One question thay comes through my mind : what would happen to the collaterized positions on abra if the lp are removed ?
There are still around 3 millions mim borrowed against wmemo on abra.

I amfor option A! Stay strong and we will win all :slight_smile:

I vote no on the professor. I dont feel he completely understands the dynamic of the apy marketing and how so safely handle it. I support revenue share but that wasnt his idea it existed before his proposal.