🧵 A statement from CoA
1) According to the current legitimate governance framework we see that we're in v0 governance.
2) We believe that the recent votes of HoM don't have power since we didn’t transition into v1
3) We see that it would take time to agree on the priorities, KPIs, and budget and then get them approved by the community. This is the only thing that CoA and HoM are entitled of doing now, and this should be the focus. The transition should happen no later than November 24th.
4) We expect that after approval from the community and the trust enforcer, v1 governance will be in place. At this point, priorities will be set, the budget will be allocated, and NDC v1 will be capable of performing operations immediately.
5) We recommend that everyone involved in v0 continue funding community DAOs until v1 is in place (for no more than two months), the same way it was done before.
This would give new NDC members room to onboard and produce a good budget, and it won't let the ecosystem down during the v0->v1 transition period. We also encourage considering an option to allocate funding in stablecoins instead of NEAR tokens.