The Economic Committee members (EC) serve annual terms and are voted into office, via an Agoric on-chain governance proposal. On 15 September 2023 it will be one year since the members of the first Economic Committee were voted in. Accordingly, it is time to consider the composition of the EC for the next 12 months.
DCF has polled the current EC members and we’re pleased to announce that all present members of the EC have indicated their willingness to serve another term. The DCF feels that the present EC members have done an excellent job this first term, and that continuation of their service for another term is the least disruptive option and healthy for the protocol. Accordingly, the DCF is proposing to re-elect the existing EC members for another term.
The members are proposed to be:
- Jason Potts
- Chloe White
- Thibault Schrepel
- Chris Berg
- Youssef Amrani
- Joe Clark
Members will serve until 15 September 2024, and will be compensated with an annual stipend of US$50,000 each, with the Secretary earning an additional $38,000 for the additional work that position brings (a total of $88,000).
Q: Why can’t there be a vote for each potential member and the candidates with the top 6 votes are elected in?
A: The way that Cosmos chain voting currently works is by binary vote, either Yes or No on a proposal. There isn’t a way to vote on multiple proposals and adopt the six that received the most votes.
Q: What if I would like to support additional / different members for the EC?
A: At any time the community may post a discussion to the forum as well as an on-chain governance proposal for BLD stakers to vote on. For this particular vote, having a comprehensive description of the proposed members and their qualifications is most helpful for the community to be able to have an informed discussion.
Q: What are the steps to post an on-chain governance proposal for the BLD stakers to vote on?
A: Proposals are voted on, Yes or No, in their entirety. It is recommended that any on-chain proposal be posted to the forum for a 10 day discussion period before posting an on-chain vote. Posting on-chain will require a deposit of 500 BLD, which will be refunded if the proposal is not voted no-with-veto. Voting is currently a three day process.