Thanks to bZ404 and Zylo for the continuing the work, and to everyone who has pushed to get the DAO moving again. The frustration is fair: AIP-19 passed almost a year ago and nothing was executed. This is a proposal to put the treasury to work for JUSTICE holders, starting now. It is for discussion first. After a week, I’d like it to go on one combined, ranked-choice Snapshot ballot alongside the options in the Development Draft.
As bZ404 put it: “A DAO isn’t one person’s business. It belongs to a group of people. AssangeDAO is a movement, and must not become short-term speculation.” This proposal is built on that idea: a fund that belongs to all JUSTICE holders, lasts for the long term, and is decided by the community every year.
THE IDEA IN ONE LINE
Protect the treasury for JUSTICE holders, put it to work, and let JUSTICE decide every year how the returns are spent.
WHERE WE ARE (on-chain, 5 Oct 2026)
• Treasury: about 198.8 ETH, 97.9m JUSTICE and the Clock.
• Main JUSTICE/ETH pool (Uniswap v3, 1%): about 6.8 ETH and 683m JUSTICE.
HOW THIS RELATES TO AIP-19
In November 2025, 82.5% of voters chose to stake part of the treasury without leverage, with rewards going to a Perpetual Fund, alongside ecosystem and operations allocations. The execution proposal never followed. As Mike suggested, a fresh vote should supersede AIP-19. This proposal builds on it and changes the shares so the fund can sustain the DAO.
PROPOSED STRUCTURE
- Perpetual Fund: about 70% (around 140 ETH), staked with Lido (wstETH). No leverage, no restaking.
- Operating reserve: about 15% (around 30 ETH), held as wstETH so it also earns, available for running costs and emergencies by ordinary vote.
- Ecosystem fund: about 15% (around 30 ETH), for community priorities, including the liquidity pilot below.
LIQUIDITY PILOT
• Up to 10 ETH plus treasury JUSTICE, added to the JUSTICE/ETH pool in stages, for 90 days. No market buyback to start it.
• Pass mark agreed now: if the pilot’s fee income, net of any loss against simply holding, beats what the same ETH would earn staked (about 2.2% a year), it passes.
• If it passes, holders vote on scaling up, up to the full ecosystem fund. If not, it is wound down and the results are published.
• Signers may withdraw early only for a security risk, and must report it. Any increase or re-entry needs a vote.
JUSTICE HOLDERS DECIDE
• Every year, JUSTICE holders vote on how the fund’s returns are spent: developers, campaigns, projects, grants and community work. Larger individual spends get their own vote.
• Contributors: up to 3 ETH from the operating reserve in year one, by vote and in public. After that, up to a quarter of each year’s returns. No one is paid for being on the multi sig.
• No family role in the fund. The Consensus Unit veto will not be used on these yearly spending decisions.
• Any advisory or veto role for Julian takes effect only if he accepts it in writing.
PROTECTING THE TREASURY
• Spending any of the fund’s principal, including any redemption or distribution, needs its own vote with a two-thirds majority and a minimum turnout of 10% of supply.
• Returns are moved to a separate Rewards Safe once a year. A public treasury report is published every quarter.
• A future vote could change these rules. Their strength depends on the community and the signers respecting them, so they are written plainly here.
WHAT IT PRODUCES
At current rates the fund earns about 3 ETH a year, plus a little from the reserve. That is modest, but it comes every year: over ten years, roughly 30 ETH of community spending, with the treasury still in place. The fund can also co-sponsor matched funding rounds, where outside donors multiply what we put in.
WHY NOT A LARGE LIQUIDITY POSITION NOW
LP fees come from trading volume, not from the size of the deposit. At recent volume the whole pool earns well under 1 ETH a month. A large deposit would split those same fees more ways, and if the price fell, the treasury would end up holding JUSTICE bought at today’s price. The pilot tests whether deeper liquidity grows volume enough to change that. If it does, I will support scaling up.
RISKS
• The fund’s value moves with the ETH price.
• Lido carries smart-contract risk, which is why there is no leverage and no restaking.
• The pilot carries price risk on the JUSTICE side, which is why it starts small.
ORDER AND VOTING
• Staking is not spending, so it does not need to wait for the mission vote. The first yearly spending vote comes after holders agree the mission.
• After one week of discussion, I suggest one combined ranked-choice Snapshot ballot. It would include this option, a “stake AIP-19’s 30% only, leave everything else untouched until rules are voted” option, a “do not stake” option, and the options in the Development Draft. Ranked choice makes sure the result is the broadest consensus, not just the largest single group.
Comments welcome. I’ll update this post as feedback comes in.
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中文版
感谢 bZ404 和 Zylo 起草《发展草案》，也感谢所有推动 DAO 重新行动起来的朋友。大家的不满是合理的：AIP-19 通过已近一年，却一直没有执行。本提案旨在让国库从现在起为 JUSTICE 持币人发挥作用。本帖先供讨论；一周后，我希望它与《发展草案》中的方案一起，放进同一个排序投票（ranked-choice）的 Snapshot 投票中。
正如 bZ404 所说："DAO 不是一个人的事，它是一群人的事……阿桑奇 DAO 是一场运动……而不能是短暂而直接的投机。"本提案正是基于这一理念：一个属于全体 JUSTICE 持币人、着眼长远、每年由社区决定用途的基金。
一句话概括
为 JUSTICE 持币人保护国库，让它产生收益，并由 JUSTICE 每年决定收益如何使用。
现状（链上数据，2026 年 10 月 5 日）
• 国库：约 198.8 ETH、9790 万枚 JUSTICE，以及 Clock。
• 主要 JUSTICE/ETH 池（Uniswap v3，1%）：约 6.8 ETH 和 6.83 亿枚 JUSTICE。
与 AIP-19 的关系
2025 年 11 月，82.5% 的投票者选择以不加杠杆的方式质押部分国库，收益进入永续基金，同时设立生态和运营拨款。但执行提案一直没有发布。正如 Mike 所建议的，新的投票应取代 AIP-19。本提案在其基础上调整比例，使基金能够长期支撑 DAO。
拟议结构
- 永续基金：约 70%（约 140 ETH），通过 Lido 质押（wstETH）。不加杠杆，不做再质押。
- 运营储备：约 15%（约 30 ETH），以 wstETH 形式持有，同样产生收益；经普通投票即可用于运营和应急。
- 生态基金：约 15%（约 30 ETH），用于社区优先事项，包括下述流动性试点。
流动性试点
• 最多 10 ETH 加上国库持有的 JUSTICE，分阶段加入 JUSTICE/ETH 池，为期 90 天。启动时不进行市场回购。
• 现在就约定达标标准：如果试点的手续费收入（扣除相对于单纯持有的损失后）高于同等 ETH 的质押收益（约年化 2.2%），即视为成功。
• 如果成功，由持币人投票决定是否扩大规模，上限为整个生态基金；如果未达标，则结束试点并公布结果。
• 多签人只有在出现安全风险时才可提前撤出，并须公开报告；任何增加投入或重新加入都需要投票。
由 JUSTICE 持币人决定
• 每年由 JUSTICE 持币人投票决定基金收益的用途：开发者、社区活动、项目、资助和社区工作。较大的单笔支出单独投票。
• 贡献者：第一年从运营储备中最多拨出 3 ETH，经投票并公开；此后每年最多为当年收益的四分之一。不因签名而获得报酬。
• 家属在基金中没有任何角色。共识单元的否决权不会用于这些年度支出决定。
• Julian 的任何顾问或否决角色，只有在他书面接受后才生效。
保护国库
• 动用基金本金（包括任何赎回或分配），须单独投票，并获得三分之二多数以及不低于总供应量 10% 的投票率。
• 收益每年转入一个单独的收益 Safe；每季度公开发布国库报告。
• 未来的投票可以修改这些规则。规则的效力取决于社区和多签人是否遵守，因此在此明确写出。
预期收益
按目前的收益率，基金每年约产生 3 ETH，运营储备另有少量收益。数额不大，但年年都有：十年下来约有 30 ETH 可用于社区，而国库本身依然保留。基金还可以联合发起配捐资助轮，让外部捐助者放大我们的投入。
为什么现在不做大规模流动性
[6/10/2026 9:07 AM] Lena: 做市手续费来自交易量，而不是存入资金的多少。按近期交易量，整个池子每月的手续费远不到 1 ETH。大规模存入只会让同样的手续费被更多份额分摊；如果价格下跌，国库最终会持有按今天价格买入的 JUSTICE。试点正是用来检验：更深的流动性能否带来足够的交易量增长。如果能，我会支持扩大规模。
风险
• 基金价值随 ETH 价格波动。
• Lido 存在智能合约风险，因此不加杠杆、不做再质押。
• 试点在 JUSTICE 一侧存在价格风险，因此从小规模开始。
顺序与投票方式
• 质押不是支出，因此不必等待使命投票；第一次年度支出投票将在持币人确定使命之后进行。
• 经过一周讨论后，建议进行一次合并的排序投票（ranked-choice）。选项包括：本方案；“只执行 AIP-19 的 30% 质押，其余部分在规则表决前保持不动”；“不质押”；以及《发展草案》中的各项方案。排序投票能确保结果代表最广泛的共识，而不只是最大的单一群体。
欢迎大家提出意见，我会根据反馈更新本帖。