AADAO Oversight Special Report: GM Misconduct/Mismanagement

Good Morning everyone,

After reviewing the whole thread, going through the TG AADAO group messages for any further context, reviewing prop 865, and speaking with several people in DM’s, we strongly recommend that @Youssef resign immediately, without any further payment.

We urge that the AADAO promote an internal existing member to serve as a temporary GM to replace Youssef while the team works to create a process to elect a new one. From our understanding a gov prop will need to be made and approved to do so.

Misuse of community pool funds is essentially theft against the community, and I don’t care how “disrespectful” this comes across against Youssef. Disrespecting the community is >>>> disrespecting Youssef/any single entity.
Prop 865 wasn’t meant to be drained via paying the GM more, it was meant to bring in innovation and new builders.

To both Grace and Patricia, whom we spoken to in private regarding the situation, we appreciate all your efforts and dedication to trying to do the right thing. No one should ever have to put up being treated and spoken to like that. More than happy to excise my asshole Marine mentality as a moderator/supporter on your next call.
Since these reports and findings, plus lots of work in the backend to do so and bring it in a well written format that takes lots of time, you two should split his current bonus. :wink: If we are going to consider any work “exemplary” to bonus, these reports are it.

-Erialos
-The Silver Fox

ChatGPT Prop 865 Summary:

When Cosmos Proposal 865 passed, the following key items were approved:

  1. Funding of 975,811 ATOM for ATOM Accelerator DAO (AADAO): This amount, equivalent to around $8.3 million at the time, was allocated from the Cosmos Hub community pool to fund the AADAO’s activities throughout 2024​(

Cosmos Hub Forum

)​(

Observatory

).
2. Grant Program Expansion: The AADAO committed to continue managing grants through two main channels:

  • Open Grants: Applications from community members for innovative projects within the Cosmos ecosystem.
  • RFPs (Request for Proposals) and High-Priority Grants: These are strategically targeted grants that address specific challenges or opportunities identified by the DAO​(

Cosmos Hub Forum

)​(

Cosmos Hub Forum

).
3. Ecosystem Development Initiatives: The proposal outlined efforts to expand the utility of ATOM by fostering partnerships and integrating it into external platforms such as MakerDAO and real-world asset tokenization. Additionally, there were plans to increase ATOM’s liquidity across various Layer 1 and Layer 2 networks​(

Cosmos Hub Forum

).
4. SubDAO Structures: The AADAO planned to develop specialized subDAOs within its structure to handle grants and other operations more efficiently. These teams would focus on specific areas such as technical research and strategic partnerships​(

Cosmos Hub Forum

).
5. Commitment to Transparency and Community Involvement: While there were critiques regarding a lack of transparency in the first year, the AADAO committed to improving its communication with the community and providing more detailed breakdowns of how the funds would be used​(

Cosmos Hub Forum

).

In summary, Proposal 865 approved significant funding for the AADAO to continue driving growth and innovation in the Cosmos ecosystem while addressing some of the community’s concerns regarding transparency and equitable distribution of resources.

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