[SEP #3] Towards clarity on milestones before voting on enabling transferability again

So you don’t get upset and let us tell you not to, decide about it, and fix a date.

Absolutely, it’s SafeDAO voting on it all the way! Signaling a timeline with SEP-3 & potentially soon after bringing another version of SEP-2 up for vote again.


[SEP #3] “Towards clarity on milestones before voting on enabling transferability again” is now on Snapshot and open for voting until 27 Dec, 11:36 UTC.



Following up, this list grew into a more detailed table which we’ll share through a blog post in early January including graphs, analyses and commentary. Since this proposal will have ended by then, the post will also analyse voter participation in SEP-3 next to SEP-1 and -2.


sir you have already launched the vote in the snapshot, if the 3 option wins then how long will it take to do the work according to your conditions, Hope you don’t have to wait much longer?

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That’s impossible for me to say. It depends how long it takes SafeDAO and everyone here to achieve these milestones.


It seems to me that people in our community need the opportunity to observe and track the status of the tasks we have chosen as a roadmap.

This is necessary so that people do not feel “lack of information” about the situation. Transparency. Agency. Does anyone have any ideas on how to organise it?

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We (1kx) would like to signal our intent to vote for option #3 of this proposal. Token transferability is a pivotal moment in the creation of a new DAO, and the decision should be undertaken with the utmost care to the state of the organization. A constitution, governance framework, plan for resource allocation, and token utility are all important considerations before proceeding. Similar to how a nation-state would not launch a currency prior to formation of a constitution, we believe that DAOs should look to ratify many of these key components as a community before rushing to enable transferability. Each has a reason for being included as a milestone:

  • A constitution and governance framework will dictate the DAO’s operating model going forward. It’s best to get this decided upfront with the stakeholders that have been purposely selected to receive non-transferable tokens for their contributions to the Safe ecosystem to-date before DAO membership becomes more fluid.
  • A resource allocation plan will decide appropriate expenditures and policies. It’s not news to anyone that ongoing sustainability is a core challenge within DAOs, especially when policies are undefined. Before potentially becoming clouded by market-assigned values, we should seek to build a framework from first principles.
  • Utility will underlie the inherent value of the token network post-transferability. Without an understanding of how the token will be integrated and used throughout the Safe ecosystem, it will have no clear purpose. We want to ensure that the long-term value and vision is appropriately communicated to the broader community before the token goes live.

Additionally, we believe transparency is fundamental to the proper functioning of a DAO, so going forward we’ll signal how we plan to vote in advance and publicly provide our rationale. We hope this results in other large token holders doing the same so that we can bridge the information chasm between stakeholders and build a stronger community founded on trust. We encourage public discourse and will make our intent known as soon as possible within the decision-making process so that we can collectively collaborate on the best outcome for the DAO.


Thanks for making this exemplary steps. It is indeed a bold and thoughtful move.

I hope other large token holders could follow this pattern till transferability is enabled which will make the token to be balanced in the interested hands


I don’t seem to see the relevant proposal of Milestone C-D-E,we should establish relevant discussions on these issues

Expressing opinion as regard to the relevance of Milestones is good but I guess this is late already as the #proposals:seps 3 has already been voted and passed with Option 3: All Milestones being favoured.

I personally think what needs to be criticized is the fact after 1 month this #SEP 3 has passed, none of the Milestones stated has left a proposal stage to SEP talkless of going to the main field (snapshot)

If we are moving at this pace, I don’t see all these Milestones completing till October.