In Season 6，community members discussed a proposal to migrate the main treasury from ETH to OP. The proposal was deferred because the number of participating voters did not meet the consensus-level proposal requirement at that time (i.e., greater than 70%), although there were no opposing votes.
In Seasons 7 and 8, during the salary distribution process, Marcus still needs to transfer the funds for salaries from ETH to OP before distributing them to contributors' personal wallets.
Recently, due to lower ETH Gas fees, it is very suitable to conduct cross-chain transfers for the treasury, thus initiating the proposal again.
In Seasons 7 and 8, during the salary distribution process, Marcus still needs to transfer the funds for salaries from ETH to OP before distributing them to contributors' personal wallets.
Recently, due to lower ETH Gas fees, it is very suitable to conduct cross-chain transfers for the treasury, thus initiating the proposal again.
To address the expensive ETH cross-chain gas fee issue, LXDAO started distributing salaries using OP starting from Season 6.
Simultaneously, the funds in LXDAO's main treasury are currently static and unable to be optimally managed.
In order to effectively utilize the treasury funds and reduce governance costs associated with monthly salary cross-chain transfers, a proposal is made to conduct a one-time migration of the treasury funds.
S6 related proposals: https://forum.lxdao.io/t/proposal-establish-routine-process-for-eth-mainne-treasury-fund-transfers-to-op-treasury/1264
Snapshot voting record: https://snapshot.org/#/lxdao.eth/proposal/0xa069017823aa4aada2ee8ffa3bc9f669ca69587dcba2721ae6c5072ee3ad8d18
In order to avoid risks during the transfer process, multi-sign synchronous migration is adopted.（during this weekend）