Full timeline for Threshold 2.0 transition (per TIP-103)

General
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The transition to Threshold 2.0 structure proposed in TIP-103 consists of 3 phases: approval of TIP-103, creation of Threshold Committee (interim period), elections and implementation of new structure.

  1. Timeline for Sunsetting Existing Bodies
    • To provide sufficient notice and allow for an orderly implementation, with the publication of this proposal, we provide a 15-day notice period ensuring that all stakeholders are informed and that necessary preparations can be made. The timeline for the formal sunset will align with the timeline for discussion and approval of this proposal (one-week discussion period in the forum, followed by a one-week Snapshot vote). If this proposal is approved, we will enter an interim period, as described later in this document, to facilitate the transition of responsibilities and assets to the new governance structure.
  2. Formation of the Threshold Committee
    • A new governance body, termed the Threshold Committee, will be created to assume the functions previously managed by both the Council and the Threshold Treasury Guild.
    • The Threshold Committee will assume a broad and critical set of responsibilities to ensure the effective governance and long-term success of the DAO. In addition to overseeing treasury functions, making strategic decisions, and ensuring sound stewardship of DAO assets, this Committee will also assume key responsibilities previously held by the Council. These include exercising veto power to protect the DAO against malicious proposals and managing the ownership of upgradeable contracts for DAO products. Moreover, the Committee will serve as the central oversight body for the operations of tLabs, DAO contractors, and any other contracted entities. It will additionally be responsible for legal oversight, tax management, and risk management. Given the comprehensive scope of these duties, it is essential that clear roles and specific skillsets be established for each elected member, ensuring that every aspect of the DAO’s operations is managed with precision and accountability.
  3. Elections Under the New Structure

    • With the approval of this restructuring proposal, the upcoming DAO elections will be adapted to reflect the revised DAO operations structure. Instead of electing new Guilds and Council members as previously scheduled in March, we will instead hold elections for the newly formed Threshold Committee.

    • Interim Period & Transition Oversight:

      • Until the new Threshold Committee is elected, the Treasury Guild Committee (TTG) will act as the interim governance body, executing (with the assistance of the DAO contractors) the transition of responsibilities and assets from the outgoing Guilds and Council. The TTG will also implement the multisig transition plan, as detailed in the Transition of DAO Multisigs and Asset Ownership Post-Restructure proposal.

        The TTG is uniquely positioned to lead this transition due to its expertise in managing the DAO’s treasury and financial operations. TTG members have extensive experience handling budgeting and strategic financial oversight, making them the most capable body to execute a structured and efficient transition. Additionally, 5 TTG members also serve as Council members, ensuring continuity throughout the interim period.

    • Election Timeline & Key Milestones: The following timeline outlines the steps leading to the elections for the Threshold Committee:

      • Phase 1: Preparation & Approval of the New DAO Structure:
        • This phase kicks off with the publication of this TIP proposal for DAO Restructure, where we include the new revised DAO operations structure, with outlined roles and responsibilities.
        • Forum discussion: March 7 - March 14. This TIP proposal will be available for discussion and amendments in our governance forum for a week.
        • Snapshot vote: March 14 - March 21. This TIP proposal will be moved to Snapshot, to be voted by Threshold token holders.
      • Phase 2: Community Vote & Entry into the Interim Period
        • March 21 – If approved, we enter the interim period (~2 weeks), during which:
          • The Threshold Treasury Guild will assume the responsibility of executing the transition plan, acting as the interim governance body.
          • Threshold Committee roles and responsibilities final recommendations will be finalized.
          • Any changes to election rules are outlined, including term lengths, dismissal policies, and nomination requirements.
      • Phase 3: Elections for the New Threshold Committee (this timeline is tentative and can change if phase 2 is shorter than established):
        • March 22 - 28 – Call for nominations for Threshold Committee candidates.
        • March 29 - April 4 – Snapshot elections for the new Threshold Committee.
        • Transition to the new structure: ~1 week starting April 5, with the elected Threshold Committee assuming its duties.
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