CIP-47: Funding for the purpose of facilitating the listing COW token on CEXs

Governance Closed Proposals
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Notice about the Proposed Transaction Execution for CIP-47

Dear CoW DAO Participants,

We regret to inform you that a mistake has been identified in the transaction data proposed on Snapshot for CIP-47. The proposed transaction details do not fully match the intended transaction. Specifically, the amount of COW tokens to be transferred was incorrectly scaled by 10^18. As a result, the transaction is expected to revert when executed through the oSnap module.

Given the clear intention of the proposal, we propose that signers initiate and execute a new transaction with the correct amount of COW tokens to be transferred to the Treasury Safe.

To mitigate the risk of similar errors in the future, we suggest implementing the following measures:

  1. New oSnap Snapshot Plugin Version: We will propose a future CIP to introduce a new version of the oSnap Snapshot plugin. This updated plugin will automatically include a Tenderly simulation of the proposed transaction on the Snapshot CIP page - for the convenience of verifying it.

  2. CIP Template Revision: We will revise the CIP template to exclude transaction data and Tenderly simulation. Previously, signers were responsible for replicating the transaction from this data. Moving forward, CoW DAO will emphasize direct verification of the proposed transaction on Snapshot.

  3. Forum CIP-Draft Section: We will include a section in the forum CIP-Draft template requiring a text description of what the transaction should achieve.

  4. Mandatory Verification Reminder: We will add a bold line, mandatory to be included in the CIP text: “Transactions intended for execution on CoW DAO’s Safe are included using the oSnap plugin, to later be executed using the oSnap module. Voters, please verify its content and the corresponding Tenderly simulation independently, cross-checking with the intended purpose of the transaction described in the CIP text.”

These steps are designed to enhance CoW DAO’s participants verification process and ensure the accuracy of future transactions. We appreciate your understanding and cooperation in addressing this issue.

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