There have been several situations where having a method to quickly enact governance action/direction could have potentially saved the treasury millions of dollars. Holders should have a process in place to address time sensitive concerns that could potentially save the treasury money or need to be addressed more expediently. For instance, what if we had a more efficient/quick process to address Convex bribes or other urgent matters in a process that didn’t take a month to complete?
I’m proposing a Emergency WIP Governance Procedure as follows:
Any concern or issue that a holder feels need to be addressed urgently can be discussed on the discord with other holders and presented to mods as an application for “Emergency WIP Process”. It can be posted as a [Emergency DAO Discussion] and voted on by the moderators. It would receive “Emergency WIP” eligibility if at least 5/8 of the paid mods agree to allow it (should be done within 24-48 hours). It would then move to WIP for another 48 hours before moving to a final snapshot vote. Entire process should take around 10 days to enact a new WIP from the point of idea generation to the Snapshot being completed. This would be used for emergent matters only that are time sensitive (for instance to prevent further damage to the treasury) or to make minor changes to WIPs that have already passed.
Note: This would not make any changes to existing governance, other than allowing for a means to expediate emergent issues that are time sensitive.