yuntamoto Can you please elaborate on what will happen to the asset and treasury fund if the community does not approve the purchase?
Once the use of this fund is done to acquire assets a community vote should be created with two options
- Keep it --> Funds are refilled
- Sell it --> Funds are not refilled --> DAO must discuss what to do using discord, this forum and a new AIP should emerge
yuntamoto Could this still lead to some kind of front running, knowing a large position will be dumped on the market?
Yes, option (2) selling them at market price would likely lead to a possible front-running, and possible lost of funds in $ terms. However, the incentives for this to occur are not much as the core team lose a useful acquisition mechanism as the funds are not refilled
The alternative would be to be front-run when buying instead of when selling if the acquisition is considered a bad one for the community
yuntamoto Also assuming devs are significant holders, does the community have a chance of outvoting the devs if there is a difference of opinion between devs and community?
This is a fair issue, but it is a common issue across all DAOs. However, the decision is done based on what option has the most votes (I've seen some ppl propose quadratic voting to reduce the power of whales, but it can e bypassed by having multiple accounts). To my knowledge, Alchemix core team is already funding other sub-team, and they are diluting themselves.