[Proposal] Adding oSnap for Gitcoin treasury distributions

Hola Alex

I believe that reducing the redundant voting steps within Gitcoin’s governance flow offers significant advantages. Integrating oSnap to eliminate the need for a second on-chain vote via Tally has the potential to save time, effort, and gas fees for participants. Simplifying the process could notably enhance decision-making efficiency within the Gitcoin DAO, representing a positive step forward.

First: The concept of automating the execution of successful Snapshot votes on-chain through oSnap is intriguing. It aligns seamlessly with the objective of fostering transparency and decentralization by executing approved transactions without multi-sig signers. Additionally, I commend UMA for its dedication to continuously improving the frontend, monitoring infrastructure, and verification procedures for oSnap. These efforts significantly contribute to a more reliable integration. However, I am mindful of the necessity for robust security measures. While the system has undergone audits, continuous assessment and improvement are imperative to effectively counter unforeseen vulnerabilities.

Second: Community engagement stands as a pivotal factor. A transparent decision-making process, inclusive of feedback, open discussions, and incorporation of community suggestions, will bolster the acceptance and effectiveness of the integration. Moreover, establishing clear contingency plans for disputes or vulnerabilities is crucial. Having well-defined protocols for dispute resolution and prompt mechanisms to address unforeseen issues will be vital for a resilient governance system. I referenced this in relation to the Incident Regarding Mistransferred Treasury Funds that occurred a few months ago.

Third: Considering the potential risks, a gradual implementation approach might be prudent. A phased or pilot phase would allow for identifying and rectifying potential issues before full-scale integration, mitigating risks associated with rapid deployment.

Conclusion: While I endorse the overarching aim of enhancing Gitcoin’s governance through oSnap integration, I stress the importance of stringent security measures, community involvement, dispute resolution protocols, and a cautious implementation strategy. Therefore, I partially support the integration of oSnap into Gitcoin, contingent upon addressing the outlined considerations comprehensively.

Vote: Against …

Note: We should propose the development of an AI tool for managing treasury distributions, with the potential to integrate it with Gitcoin WalletGuard :shield: for human verification in specific situations.

Would love to see your suggestions around this proposal:
@ccerv1 @meglister @Viriya @M0nkeyFl0wer @azeem @owocki @shawn16400

:ocean::tropical_fish::sparkles:

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