The recent snapshot votes on the Fei-Rari merger have combined TRIBE and RGT token holders. The votes have determined the length of time we have to amend the merger agreement and whether we will accept amendments to key terms, like pricing.
I believe this violates the governance rules of both DAOs.
First, why would a combined snapshot vote by TRIBE and RGT holders on how longer we have to amend the agreement bind the other DAO? RGT token holders have no power to bind the TRIBE DAO and TRIBE holders have no power to bind the RGT DAO.
Second, because TRIBE token holders outnumber RGT holders, TRIBE can unilaterally impose its will on the RGT DAO in any vote that occurs along DAO lines. This effectively renders the entire DAO-specific governance process or snapshot votes irrelevant.
Let’s change this process ASAP and separate out the snapshot votes for each DAO.