Elect Nostra Labs as the service contractor of the Nostra DAO for the next year

General
15

Hey! I’m NSTR holder and, well… I’m definitely late for this discussion. But better late than never.

A few points I’d wanna highlight:

  1. day-to-day maintenance and growth of Nostra

Given your description of these operations, your main task will be “prioritising and executing the product development roadmap to build and grow a long-term sustainable protocol”. Can we see the roadmap?

  1. the goal is to put in place the structure and processes necessary to make Nostra a fully Decentralized Autonomous Organization (“DAO”) by the end of July 2025

With this proposal passed by the end of July 2025 Nostra will become fully DAO with almost $0 assets in treasury (besides NSTR) - how do you imagine its operations after July 2025?

  1. Nostra Labs will receive up to $2,500,000 of all revenue generated by the Nostra protocol over this period to cover development and marketing costs. Anything above this will go directly to the Nostra DAO treasury

We had $466k in revenue in the last quarter (Nostra Revenue Report Summary (Jul - Sep 2024)). It means that literally nothing will go to Nostra DAO treasury in the following months

  1. should NSTR tokenholders at any time wish to remove Nostra Labs as the service provider, they can do so

Is it technically possible? What will happen in this case - will you hand over the control of Nostra treasury and interfaces to the community or other service provider?

  1. Nostra Labs promises the Nostra community that it will not conspire with or exert any influence whatsoever over NSTR tokenholders regarding how they wish to vote on this proposal or, for that matter, any other proposal

Isn’t it your account that holds >60% voting power (Snapshot)? If so, it’s understandable why you will not “conspire with or exert any influence whatsoever over NSTR tokenholders”

You guys have a great product, amazing UX, and impressive metrics. But to be honest, this decentralization theater looks kinda pitiful and hilarious. Hope you will not leave Nostra with an emptied treasury after July 2025

Also hope you’ll check how your colleagues in AAVE, Compound, etc. handle decentralized governance - being transparent, accountable, and truly decentralized (without concentration of %50+ of voting power) AND being the main service provider at the same time is possible, pls try to at least start moving in this direction

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