Back to collectionXIP-1 Reaches the Portal as Delegation Draws Scrutiny
The night before, Ex Populus had said it would step back from the DAO establishment vote, and the chat was still debating how delegated votes might be used. The Foundation issued a statement in the same terms: team members with token allocations would not vote, and the voting power of institutional holdings would be delegated to several community members. The proposal had moved from a promise to a page people could inspect, giving the wait a specific starting point.
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The night before, Ex Populus had said it would step back from the DAO establishment vote, and the chat was still debating how delegated votes might be used. The Foundation needed to state its own position today, while holders who had been waiting for an entry point wanted to know when the proposal would actually appear.
The Foundation issued a statement in the same terms: team members with token allocations would not vote, and the voting power of institutional holdings would be delegated to several community members. That evening, XIP-1 formally appeared on the governance portal, with voting scheduled to begin in three days. The Night Watchman told people who had asked about eligibility where to find the page and when voting was set to start, and urged them to read the delegation rules first.
The proposal had moved from a promise to a page people could inspect, giving the wait a specific starting point. The Foundation's and the company's decisions to step back were now open to the same scrutiny. Holders could prepare their voting power, but they still needed to check how delegates would decide and whether the page settings were correct before voting opened.