An update on current goals and activities:

1️⃣ Lost funds recovery and soliciting bailout funds: Efforts are ongoing, but no significant progress or positive updates have been achieved yet.

2️⃣ Remediation plans: A consolidated community proposal is set to make a second journey to a DAO vote. Following a council review and reconciliation phase, a smoother process is anticipated. Community members are encouraged to participate in a survey to determine which of the three recommended options should be implemented:

🔗 https://t.co/voe77X94lu

The current focus is on lost deposits and recapitalizing the protocol to establish a viable foundation, allowing modest reimbursements as a starting point for a long-term recovery. Efforts to recover lost funds or secure bailout resources would further enhance this process. A comprehensive plan for recapitalization, revitalization, and remediation could potentially attract partnerships, new capital, and bailout funds.

A separate proposal addressing unlimited approval losses is expected to be drafted in Q1. This remains a complex and sensitive matter to navigate.

3️⃣ Council election: Another proposal is in the community collaboration stage and will soon begin the governance process to elect a new community council, replacing the inaugural one as outlined in the DAO by-laws. This council election is scheduled to occur annually thereafter.

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