{"id":139,"name":null,"username":"0xPhilipp","avatar_template":"/user_avatar/forum.phoenix.money/0xphilipp/{size}/7_2.png","created_at":"2026-10-16T01:55:56.411Z","cooked":"\u003ch3\u003e\u003ca name=\"p-139-why-i-am-submitting-this-proposal-1\" class=\"anchor\" href=\"#p-139-why-i-am-submitting-this-proposal-1\" aria-label=\"Heading link\"\u003e\u003c/a\u003e\u003cstrong\u003eWhy I am submitting this proposal\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003eIn June 2024, when Terraform Labs announced it was winding down, a small group of us asked the Terra community to trust that Terra could continue without a Labs company. The Phoenix Foundation was created to help secure the chain, support builders and keep the ecosystem moving forward. I still believe strongly in that mission.\u003c/p\u003e\n\u003cp\u003eAs part of my role within the Foundation, I am responsible for strategic leadership and organizational oversight. That includes helping ensure that the Foundation remains capable of carrying out its mandate and that its Directors remain accountable for the responsibilities entrusted to them. Where serious questions of governance or accountability can no longer be resolved internally, I consider it part of that responsibility to escalate the matter to Terra Governance.\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-139-the-issue-2\" class=\"anchor\" href=\"#p-139-the-issue-2\" aria-label=\"Heading link\"\u003e\u003c/a\u003e\u003cstrong\u003eThe issue\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003eThe Phoenix Foundation currently has four Stewardship Directors. Proposal A272, concerning the continued membership of one Director, has resulted in a 2–2 deadlock. The serious concerns behind that proposal relate to strategic alignment, governance procedures, contribution and accountability, risk management and Director-level trust.\u003c/p\u003e\n\u003cp\u003eThose concerns are disputed, and this proposal does not ask Terra Governance to decide who is right.\u003c/p\u003e\n\u003cp\u003eThe immediate problem is that the Stewardship is evenly divided on a question concerning its own composition as a result of these serious concerns and cannot resolve it internally. A governing body also needs a credible mechanism to hold its members accountable when serious concerns arise. Without one, accountability effectively ends wherever an internal deadlock begins.\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-139-proposed-solution-3\" class=\"anchor\" href=\"#p-139-proposed-solution-3\" aria-label=\"Heading link\"\u003e\u003c/a\u003e\u003cstrong\u003eProposed solution\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003eThe Phoenix Foundation Bylaws provide for the appointment of an independent Emergency Supervisor in circumstances where the Foundation’s governing bodies become unable to properly perform their responsibilities. I believe this is the appropriate mechanism here.\u003c/p\u003e\n\u003cp\u003eThe Supervisor should review the circumstances and issues leading to A272, hear from all four Directors, examine the relevant internal records and independently determine how the situation should be resolved. This may include concluding that a change to the Stewardship is necessary, or that it is not. Both outcomes must remain possible.\u003c/p\u003e\n\u003cp\u003eThe appointment should be strictly temporary and limited to this specific matter, with a maximum term of \u003cstrong\u003efour weeks from acceptance of the appointment\u003c/strong\u003e unless Terra Governance explicitly approves an extension.\u003c/p\u003e\n\u003cp\u003eI am directly involved in the current dispute and supported A272. For that reason, I am not asking Terra Governance to accept my assessment of the matter. I am asking for an independent process capable of reaching a conclusion where the Stewardship itself cannot, and I will accept the outcome of that process even if I disagree with it.\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-139-selecting-the-emergency-supervisor-4\" class=\"anchor\" href=\"#p-139-selecting-the-emergency-supervisor-4\" aria-label=\"Heading link\"\u003e\u003c/a\u003e\u003cstrong\u003eSelecting the Emergency Supervisor\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003eThe Emergency Supervisor should be chosen by the Terra community rather than by either side of the dispute. Candidates should be discussed openly before the final governance proposal is submitted.\u003c/p\u003e\n\u003cp\u003eAny candidate should meet the following conditions:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003eno current or past financial relationship with the Phoenix Foundation, any Director, or any team affiliated with a Director;\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eno pending or prior application for Foundation funding;\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eno current or recent role in Terra governance, the Stewardship or the Veto-Multisig;\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eno public position taken on A272 or the underlying dispute;\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eno personal or professional relationship with any of the four Directors that could reasonably be seen as compromising impartiality;\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eideally, prior experience using Terra and familiarity with the ecosystem.\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eTwo potential candidates raised:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eRay Raspberry\u003c/strong\u003e — long-term Terra community member, on-chain researcher and investigator.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eMartin\u003c/strong\u003e — long-term Terra community member, Canadian lawyer and significant DeFi liquidity provider.\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eBoth have been acknowledged as potential candidates by three of the four current Stewardship Directors. This should not be understood as a predetermined appointment or endorsement. The candidates are presented for community discussion, and additional candidates may be proposed.\u003c/p\u003e\n\u003ch3\u003e\u003ca name=\"p-139-proposed-governance-action-5\" class=\"anchor\" href=\"#p-139-proposed-governance-action-5\" aria-label=\"Heading link\"\u003e\u003c/a\u003e\u003cstrong\u003eProposed Governance Action\u003c/strong\u003e\u003c/h3\u003e\n\u003cp\u003eBy Emergency System Governance Process, Terra Governance is asked to:\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eRecognize\u003c/strong\u003e the serious Stewardship dysfunction underlying Proposal A272, and the resulting inability to resolve these issues internally (2-2), as an Adverse Event under the Phoenix Foundation Bylaws.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eAppoint\u003c/strong\u003e the Emergency Supervisor selected following community discussion under Article 2.6.1.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eInstruct\u003c/strong\u003e the Emergency Supervisor under Article 2.6.3 to investigate the Adverse Event, hear from all four Directors, review the relevant records, the conduct of any Director where relevant and determine how it should be resolved.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eConfirm\u003c/strong\u003e that the Emergency Supervisor may exercise the powers available under Article 2.4.5.4, including instructing the removal of a Stewardship Multisig Member where the Supervisor determines that this is necessary or desirable to resolve the Adverse Event.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eLimit the appointment\u003c/strong\u003e to a maximum of \u003cstrong\u003efour weeks from the Supervisor’s written acceptance\u003c/strong\u003e, unless Terra Governance explicitly approves an extension. The written acceptance will need to include a statement of independence.\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003e\u003cstrong\u003eSet compensation\u003c/strong\u003e for the Emergency Supervisor under Article 2.6.6 at an amount of \u003cstrong\u003eup to USD 10,000\u003c/strong\u003e, to be determined in the final governance proposal and paid from Foundation funds.\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ol\u003e\n\u003ch3\u003e\u003ca name=\"p-139-appendices-6\" class=\"anchor\" href=\"#p-139-appendices-6\" aria-label=\"Heading link\"\u003e\u003c/a\u003e\u003cstrong\u003eAppendices\u003c/strong\u003e\u003c/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003eA. \u003ca href=\"https://github.com/phoenix-directive/docs/blob/main/the-phoenix-directive.md\"\u003ePhoenix Directive\u003c/a\u003e\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eB. \u003ca href=\"https://github.com/phoenix-directive/docs/blob/main/Phoenix%20Foundation%20-%20Bylaws.pdf\"\u003ePhoenix Foundation Bylaws\u003c/a\u003e\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eC. \u003ca href=\"https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A272\"\u003eProposal A272\u003c/a\u003e and Stewardship voting record:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp\u003ePhilipp: Yes\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eMB: Yes\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eRose: No\u003c/p\u003e\n\u003c/li\u003e\n\u003cli\u003e\n\u003cp\u003eVini: Did not vote\u003c/p\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThe Stewardship has reached a question it cannot resolve internally. Rather than asking Terra Governance to take sides, I believe the fairest approach is to let the community appoint an independent person, give that person access to the full facts and allow them to reach a decision.\u003c/p\u003e","post_number":1,"post_type":1,"posts_count":88,"updated_at":"2026-10-23T02:20:07.308Z","reply_count":0,"reply_to_post_number":null,"quote_count":0,"incoming_link_count":344,"reads":24,"readers_count":23,"score":1729.8,"yours":false,"topic_id":47,"topic_slug":"phoenix-foundation-appointment-of-an-emergency-supervisor","display_username":null,"primary_group_name":null,"flair_name":null,"flair_url":null,"flair_bg_color":null,"flair_color":null,"flair_group_id":null,"badges_granted":[],"version":5,"can_edit":false,"can_delete":false,"can_recover":false,"can_see_hidden_post":false,"can_wiki":false,"user_title":null,"bookmarked":false,"raw":"### **Why I am submitting this proposal**\n\nIn June 2024, when Terraform Labs announced it was winding down, a small group of us asked the Terra community to trust that Terra could continue without a Labs company. The Phoenix Foundation was created to help secure the chain, support builders and keep the ecosystem moving forward. I still believe strongly in that mission.\n\nAs part of my role within the Foundation, I am responsible for strategic leadership and organizational oversight. That includes helping ensure that the Foundation remains capable of carrying out its mandate and that its Directors remain accountable for the responsibilities entrusted to them. Where serious questions of governance or accountability can no longer be resolved internally, I consider it part of that responsibility to escalate the matter to Terra Governance.\n\n### **The issue**\n\nThe Phoenix Foundation currently has four Stewardship Directors. Proposal A272, concerning the continued membership of one Director, has resulted in a 2–2 deadlock. The serious concerns behind that proposal relate to strategic alignment, governance procedures, contribution and accountability, risk management and Director-level trust.\n\nThose concerns are disputed, and this proposal does not ask Terra Governance to decide who is right.\n\nThe immediate problem is that the Stewardship is evenly divided on a question concerning its own composition as a result of these serious concerns and cannot resolve it internally. A governing body also needs a credible mechanism to hold its members accountable when serious concerns arise. Without one, accountability effectively ends wherever an internal deadlock begins.\n\n### **Proposed solution**\n\nThe Phoenix Foundation Bylaws provide for the appointment of an independent Emergency Supervisor in circumstances where the Foundation's governing bodies become unable to properly perform their responsibilities. I believe this is the appropriate mechanism here.\n\nThe Supervisor should review the circumstances and issues leading to A272, hear from all four Directors, examine the relevant internal records and independently determine how the situation should be resolved. This may include concluding that a change to the Stewardship is necessary, or that it is not. Both outcomes must remain possible.\n\nThe appointment should be strictly temporary and limited to this specific matter, with a maximum term of **four weeks from acceptance of the appointment** unless Terra Governance explicitly approves an extension.\n\nI am directly involved in the current dispute and supported A272. For that reason, I am not asking Terra Governance to accept my assessment of the matter. I am asking for an independent process capable of reaching a conclusion where the Stewardship itself cannot, and I will accept the outcome of that process even if I disagree with it.\n\n### **Selecting the Emergency Supervisor**\n\nThe Emergency Supervisor should be chosen by the Terra community rather than by either side of the dispute. Candidates should be discussed openly before the final governance proposal is submitted.\n\nAny candidate should meet the following conditions:\n\n* no current or past financial relationship with the Phoenix Foundation, any Director, or any team affiliated with a Director;\n\n* no pending or prior application for Foundation funding;\n\n* no current or recent role in Terra governance, the Stewardship or the Veto-Multisig;\n\n* no public position taken on A272 or the underlying dispute;\n\n* no personal or professional relationship with any of the four Directors that could reasonably be seen as compromising impartiality;\n\n* ideally, prior experience using Terra and familiarity with the ecosystem.\n\nTwo potential candidates raised:\n\n* **Ray Raspberry** — long-term Terra community member, on-chain researcher and investigator.\n\n* **Martin** — long-term Terra community member, Canadian lawyer and significant DeFi liquidity provider.\n\nBoth have been acknowledged as potential candidates by three of the four current Stewardship Directors. This should not be understood as a predetermined appointment or endorsement. The candidates are presented for community discussion, and additional candidates may be proposed.\n\n### **Proposed Governance Action**\n\nBy Emergency System Governance Process, Terra Governance is asked to:\n\n1. **Recognize** the serious Stewardship dysfunction underlying Proposal A272, and the resulting inability to resolve these issues internally (2-2), as an Adverse Event under the Phoenix Foundation Bylaws.\n\n2. **Appoint** the Emergency Supervisor selected following community discussion under Article 2.6.1.\n\n3. **Instruct** the Emergency Supervisor under Article 2.6.3 to investigate the Adverse Event, hear from all four Directors, review the relevant records, the conduct of any Director where relevant and determine how it should be resolved.\n\n4. **Confirm** that the Emergency Supervisor may exercise the powers available under Article 2.4.5.4, including instructing the removal of a Stewardship Multisig Member where the Supervisor determines that this is necessary or desirable to resolve the Adverse Event.\n\n5. **Limit the appointment** to a maximum of **four weeks from the Supervisor's written acceptance**, unless Terra Governance explicitly approves an extension. The written acceptance will need to include a statement of independence.\n\n6. **Set compensation** for the Emergency Supervisor under Article 2.6.6 at an amount of **up to USD 10,000**, to be determined in the final governance proposal and paid from Foundation funds.\n\n### **Appendices**\n\n* A. [Phoenix Directive](https://github.com/phoenix-directive/docs/blob/main/the-phoenix-directive.md)\n\n* B. [Phoenix Foundation Bylaws](https://github.com/phoenix-directive/docs/blob/main/Phoenix%20Foundation%20-%20Bylaws.pdf)\n\n* C. [Proposal A272](https://dao.phoenix.money/dao/terra1k8ug6dkzntczfzn76wsh24tdjmx944yj6mk063wum7n20cwd7lxq4lppjg/proposals/A272) and Stewardship voting record:\n\n  * Philipp: Yes\n\n  * MB: Yes\n\n  * Rose: No\n\n  * Vini: Did not vote\n\nThe Stewardship has reached a question it cannot resolve internally. Rather than asking Terra Governance to take sides, I believe the fairest approach is to let the community appoint an independent person, give that person access to the full facts and allow them to reach a decision.","actions_summary":[{"id":2,"count":1}],"moderator":true,"admin":true,"staff":true,"user_id":3,"hidden":false,"trust_level":2,"deleted_at":null,"user_deleted":false,"edit_reason":null,"can_view_edit_history":true,"wiki":false,"post_url":"/t/phoenix-foundation-appointment-of-an-emergency-supervisor/47/1","reactions":[{"id":"heart","type":"emoji","count":1}],"current_user_reaction":null,"reaction_users_count":1,"current_user_used_main_reaction":false,"can_accept_answer":false,"can_unaccept_answer":false,"accepted_answer":false,"topic_accepted_answer":null,"can_vote":false}