New Appointments for the Tangle Community Treasury

TL;DR:
We present the community-verified results of the two Shimmer network governance votes on the Tangle Community Treasury, held between June 17, 2024, and July 2, 2024. Shimmer token holders have successfully elected new members for the Tangle Treasury DAO – the entity responsible for the Treasury – and the Shimmer Grant Committee.

Earlier in June, we asked Shimmer token holders to vote again on two proposals for the Tangle Community Treasury that had failed to reach the minimum voter participation necessary in an earlier round. These proposals were:

  1. A new Program Lead for the Tangle DAO LLC, the entity responsible for the Tangle Community Treasury. The Lead also oversees the IOTA and Shimmer Grant Committees, which operate under the legal framework of the DAO.
  2. A new Shimmer Grant Committee, consisting of four dedicated members, responsible for allocating the Treasury’s Shimmer tokens to support and grow our ecosystem.

The results are in: Shimmer token holders have elected a new Lead for the Tangle Treasury DAO LLC and new committee members for the Shimmer Community Grant Committee.

This establishes a legitimate elected Tangle Treasury DAO LLC and enables the Tangle Community Treasury to continue operating with a strong mandate and refreshed team.

Now that the community has chosen to continue the operations of the Tangle Community Treasury under new leadership, we look forward to working with them to support the IOTA and Shimmer ecosystem.

We congratulate Linus Nauman, the newly elected treasury lead, and welcome the other new team members: Nicole O'Brien, Finanzgoblin / Richard Mediavila, Yi-Wei Lin, and Phantom 3d.

For full transparency, we’ve collected the full results of the community-verified vote results at the end of the article.

What comes next?

The Tangle Treasury DAO LLC will soon meet to sign the contracts of the new committee members and release the previous committee members from their contracts. The IOTA and Shimmer Grant Committees are expected to pick up their tasks next week. Funds allocated to the committees through the votes in March 2024 will be sent to the newly established MultiSig Wallets of the new Committee.

Shimmer Network Governance Votes: Full Results

Proposal [SGP - 0010]: Tangle Community Grant Committee Reviewer selection

1: Should Candidate “Nicole O'Brien" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 15,649,778,088,780,404 votes - 97.4%

Abstain: 421,093,927,658,952 votes - 2.6%

2. Should Candidate "Finanzgoblin - Richard Mediavilla" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 15,142,936,265,997,200 votes - 94.2%

Abstain: 927,935,750,442,158 votes - 5.8%

3. Should Candidate "Phantom 3D" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 8,135,906,832,500,587 votes - 50.6%

Abstain: 7,934,965,183,938,770 votes - 49.4%

4. Should Candidate "JD Sutton (DeepSea)" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 5,366,502,136,780,932 votes - 33.4%

Abstain: 10,704,369,879,658,424 votes - 66.6%

5. Should Candidate "Ness" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 8,089,678,155,853,230 votes - 50.3%

Abstain: 7,981,193,860,586,127 votes - 49.7%

6. Should Candidate "Yi-Wei Lin"  become a grant reviewer in the Tangle Community Grant Committee?

Yes: 8,676,380,419,835,313 votes - 64%

Abstain: 7.394,491,596,604,044 votes - 46%

7. Should Candidate "Null / Rafael Brochado" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 2,230,873,835,404,030 votes - 13.9%

Abstain: 13,839,998,181,035,328 votes - 86.1%

8. Should Candidate "What" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 2,226,833,145,363,432 votes - 13.9%

Abstain: 13,844,038,871,075,924 votes - 86.1%

9. Should Candidate "Wiwi" become a grant reviewer in the Tangle Community Grant Committee?

Yes:  3,906,520,817,854,060 votes  - 24.3%

Abstain: 12,164,351,198,585,296 votes - 25.7%

10. Should Candidate "0xMarcus" become a grant reviewer in the Tangle Community Grant Committee?

Yes: 7,927,152,094,437,843 votes - 49.3%

Abstain: 8,143,719,922,001,514 votes - 50.7%

The required quorum of votes was passed with 7.33 % of the total achievable votes.

Candidate Ranking

According to the results, the candidates for Committee Membership are ranked as follows, with the top four candidates becoming part of the Tangle Community Grant Committee for the Shimmer network:

  1. Nicole O'Brien
  2. Finanzgoblin/Richard Mediavila
  3. Yi-Wei Lin
  4. Phantom 3D
  5. Ness
  6. 0xMarkus
  7. JD Sutton
  8. Wiwi
  9. Null/Rafael Brochado
  10. What


Proposal [SGP - 0011] Tangle Community Grant Committee - Lead selection

Should Candidate "Linus Nauman" become the Program Lead of the Tangle Community Treasury?

Yes:  15,712,083,687,806,666 votes – 99.5%

Abstain:  77,459,008,940,321 votes – 0.5%

The required quorum of votes was passed with 7,29% of the total achievable votes.

According to the results, Linus Nauman has been elected as the new program Lead of the Tangle DAO LLC and Community Treasury Grant Committees.

Future of Governance

These elections mark an exciting new chapter for the Tangle Treasury DAO LLC. Our congratulations once again to the successful nominees. With a refreshed and motivated team, the Tangle Treasury is ready to continue its crucial role in supporting innovative projects and builders within the community. Your voice and vote are vital in shaping the future, and we encourage all community members to actively participate in upcoming governance votes. Let's advance the future of decentralized governance!


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