Validator DAO Term 1 Funding Request

RETURN OF VDAO1 PAYMENT TO HARMONY

After much discussion the current Validator DAO governors have voted unanimously to return the recent 161023.45 ONE sent from Harmony to the current DAO multisig wallet (Harmony Blockchain Explorer) for payment for VDAO1 governors.

As evidenced in this thread, and also discussed here, there is much on-going discussion concerning this long-standing topic. It has not been resolved. Therefore the current VDAO has sent the 161023.45 ONE back to Harmony (Harmony Blockchain Explorer) for the following reasons:

  1. It is not within the VDAO mandates to resolve payment conflicts between parties with prior arrangements and disagreements on proper pay.
  2. The payment was made to the current VDAO multisig wallet which is not what the validator community voted on (VDAO1 wallet multisig is listed on the proposal that was voted on); the link is in this thread. To maintain the confidence of the validator community it was deemed necessary to return the funds for proper distribution outlined in the passed proposal.
  3. The current VDAO consulted with the 5 governors of VDAO1 and informed them of the decision to return the funds to Harmony, to which all agreed upon.

In summary, the current VDAO has remained true to the community vote regarding payment of VDAO1 and believes any further involvement clearly does not fall into the scope of the VDAO mandates. We sincerely hope a true and open line of communication can be established between VDAO1 and Harmony that will result in an amicable solution. A Harmonious solution if you will.

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