Hi @Humpy ,
As discussed in your previous proposal we had concerns about the trustlessness of the prior setup and we feel as if this has not been entirely fixed with this proposal. When looking at TrustSetup we noticed 2 things:
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Any form of withdrawal action (divest) is solely controlled by GoldenBoyzMultisig, meaning that the DAO cannot actually recall funds at any time under their own discretion. The DAO would first vote to initiate a PHASE update and then trust that the GoldenBoyzMultisig calls the relevant divest functions.
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The goldCOMP vault that funds are deposited into delegates the deposited COMP’s governance rights to the GoldenBoyzMultisig. The requested 92k COMP is more VP than most active delegates at the moment. @humpy yourself alone retains 96k in COMP + assuming any of these addresses are related as described in Cylon’s security notice that’s ~417k COMP which is enough to pass quorum and pose significant threats to governance. So even if the DAO wanted to withdraw funds there is a possibility that it gets voted down.
Unfortunately, due to the above concerns, we are not in favour of this proposal. But we do appreciate the efforts that have gone into creating the TrustSetup