Thank you @OrangePillLtd and @YGG for this counterproposal to MIP-13, named MIP-14.
As soon as MIP-13 was published, it was clear to all involved that it would have a significant impact on the future of all DAOs, and thus garnered a vast amount of attention, not just from the Merit Circle community, but from all cryptocurrency- and GameFi communities. Many have weighed in their thoughts and opinions, both on social media, and the governance forum, with some not having even heard of Merit Circle beforehand. We’re happy to see the growing activity all around our precious DAO and its ecosystem.
Merit Circle Ltd and YGG have tried their best to find a middle ground which ensured both sides of the proposal were pleased with the result, whilst ensuring the DAO remains unharmed. We want to thank them for taking many hours over the past 8 days to negotiate, and secure, the deal that this proposal brings.
We believe this counter-proposal represents a win for the DAO, as well as a win for YGG, Merit Circle Ltd, the wider community, and the GameFi space. Merit Circle Ltd have ensured that the principles of the DAO have been followed, and that the DAO was respected. Likewise, by finding a beneficial solution which works for YGG, the reputation of all stakeholders is kept intact. We commend YGG for taking a positive and active role in this.
Going forward, we want to reemphasize that we strongly believe in decentralization and mutual harmony, and the Merit Circle DAO must continue to exemplify this. This counterproposal is an ideal example of how this can happen, while simultaneously making concessions to avoid further (legal) friction, and at the same time preserving the vibrant nature and reputation of all parties involved.
We voted yes to Honey’s original proposal as we believe action needed to be taken, and we will also be voting YES to this proposal because we believe it represents the ideal middle ground where we all win, current and future stakeholders. Whether you are an investor, gamer, partner or cat - everyone matters.
We are all working to make GameFi a better space for years to come, and we are proud of how far the Merit Circle DAO has come. It is vital that the DAO continues to make difficult, but necessary, decisions if it is to live up to the high expectations we all have. The concept of a DAO is a relatively new thing, and we’re delighted to play a part in this.
Let’s push GameFi forward together.
Signed with right paw,
Purrito Meatball
Sad Cat Capital
