Validator DAO Amendments

Following the success of Umee Governance Proposal 14 and the establishment of the Umee Validator DAO, the following amendments are proposed as additional safeguards.

1. Umee community governance has the ability to vote to dissolve the Validator DAO Committee and call for a new one at any time if abuse is detected.

2. The Validator DAO committee has a cap of 8 percent of the total Umee Foundation delegation pool as the maximum amount to allocate to any individual validator.

3. The Validator DAO committee must have a minimum of 7 members. In the event that less than 7 eligible validators apply during the initial 24 hour committee formation period, the committee formation period will be extended for a maximum of 72 hours. If a committee of 7 is not formed within the total 96 hour period, the existing committee will be responsible for assigning delegations and the Validator DAO will be dissolved thereafter.

Vote “Yes” on this proposal to signal support for the amendments listed above.

Vote “No” on this proposal to avoid making any adjustments to the Umee Validator DAO.

Governance Discussion on Discord: https://discord.gg/umee Proposal 14: https://commonwealth.im/umee/proposal/14-umee-validator-dao Original Validator DAO Proposal Details: https://docs.umee.cc/umee-validator-dao/