cosmos

Prop 921: AADAO Oversight Election: Vote for Matt Brown

This proposal is to elect Matt Brown to be the community-elected member of the Atom Accelerator DAO (AADAO)’s Oversight Committee.

Three candidates have been shortlisted for this role. Since multiple-choice proposals are currently not feasible, AADAO is facilitating vote options by presenting each candidate through separate governance proposals. This method allows the community to clearly express a preference for their chosen candidate.

Please vote YES only on one proposal—for the candidate you support.

The candidate for this proposal:

This proposal is for Matt Brown.

Matt has a background in Crypto and Cosmos with a strong accounting background (CPA certified). No affiliations with anything within Cosmos so brings a neutral perspective to the Oversight.

You can learn more about Matt Brown here and listen to our Twitter Space with all three candidates here.

What is the Oversight Committee?

Reporting directly to Cosmos Hub Public Governance, the Oversight Committee provides oversight over all AADAO Committees, ensuring compliance and integrity. It has the authority to VETO new grants, discontinue existing grants, and initiate the termination of any AADAO Contributors in case of serious misconduct.

The Oversight Committee is currently a team of 2, seeking to expand to become a team of 3, whose main role is to ensure all AADAO members act in the best interests of the ATOM community. This committee also acts as a counter-power to the Strategy Committee in a classic check and balance system.

The Oversight Committee’s responsibilities are as follows:

  • Interface with the community on key topics
  • Ensure full disclosure of conflicts of interest and ensure the right policies are in place;
  • Maintain robust internal controls & fraud prevention mechanisms;
  • Exercise veto power over new grants and discontinuation of existing grants when not in line with expectations;
  • Sign-off on contributors’ performance assessments;
  • Publish periodic transparency reports.

The role of the Community Elected Oversight Member:

We are looking for a new member to join our Oversight Team to ensure proper representation of the ATOM community. The elected member would be working alongside the Oversight Coordinator and the Financial Controller.

The role is a Part-Time (PT) role with max. 35% FTE.

The duties and responsibilities of the community-elected member are as follows:

  • To oversee the overall community sentiment, to interface, alongside the Coordinator, with the community, and to address community concerns.
  • Attend internal AADAO meetings (Strategy Committee, Grant Committee) and share outputs with the community on the relevant channels whenever needed.
  • Providing feedback on internal protocols for AADAO, and ensuring AADAO adheres to its protocols.
  • Signing off on grantee payment TXs with best faith (2 out of 3 oversight members).
  • To support the Coordinator with the content to be included in all Transparency Reports, ensuring all relevant aspects are disclosed.
  • Exploratory discussions on process improvements are permitted among the 3 members under the supervision and guidance of the Financial Controller. The Financial Controller has the exclusive discretion as to which process suggestions are eventually implemented.

What is NOT part of the role and therefore out of scope:

  • Under the defined roles within the Oversight Committee, it is understood that all areas of responsibility designated for Oversight Committee #1 (Coordinator) and Oversight Committee #2 (Financial Controller) are expressly excluded from the scope of responsibilities for Oversight Member #3.
  • Conducting Payments.
  • HR-related topics such as, but not limited to hiring and termination.

Governance Votes:

The following items summarize the voting options and what they mean for this proposal:

YES - This person is your preferred candidate for AADAO’s Oversight Committee.

ABSTAIN - This person is not your preferred candidate (please remember to vote Yes on your preferred candidate’s proposal), or you wish to contribute to the quorum but you formally decline to vote either for or against the proposal.

NO - No votes on this proposal will not have any impact on the election.

NO WITH VETO - A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance. If the number of ‘NoWithVeto’ votes is greater than a third of the total votes, the proposal is rejected and the deposits are burned.

Election Results:

While we understand that the three proposals may not “pass” or meet the quorum, we plan to tally the final “Yes” votes for each candidate, considering the number of ATOMs (not the number of wallets voting).

Results will be deemed final for this election cycle, at the end of the voting period of all three proposals.