Announcement - SuperUMAn DAO

Risk Labs, the foundation behind the UMA protocol is excited to announce their intention to bootstrap the active community of UMA by establishing a SuperUMAn DAO which will lead on our DAO-DAO relations, particularly focusing on KPI Options and on treasury management solutions.

The process of Daoification of the community is ongoing, the DAO’s mission will be " to communicate the true power of universal access to markets and its benefits to the world." In order to support the establishment of the SuperUMAn DAO, UMA to the value of $1m will be transferred into a gnosis multisig at the linked address as a declaration of intent.

This is effectively an escrow account with funds designated to be transferred to the SuperUMAn DAO treasury once the DAO is launched in one single transfer.The signatories on this three of five multisig include two core UMA team members and three active members of the community selected through discord poll.Signatories on the escrow multisig are

  • Clayton Roache - Community Lead, UMA Core Team
  • Mhairi McAlpine - Community Manager UMA Core Team
  • EASports - SuperUMAn Community Member
  • FruityCup - SuperUMAn Community Member
  • Poapster - SuperUMAn Community Member

On 23rd February the following transactions took place from the SuperUMAn DAO multisig (address - 0x31F3e2556d1d959a2F3e03A5c6463DDD5e93e4Ae)

  • 95K UMA were transferred to address 0x8180D59b7175d4064bDFA8138A58e9baBFFdA44a for Risk Labs to bridge/swap into the correct proportions before depositing them in the SU safes on Mainnet and Polygon

  • 5K UMA were transferred to address 0x7c7a1407c35b695e4ee530d80d4bd4c1af8569e5 which is the SuperUMAn safe on Mainnet.

On 1st March, the following transactions were made from Risk Labs to the SuperUMAn DAO.