Many people who participate in the BoomDAO SNS are unaware of changes initiated by @borovan that were executed today that have stripped us of our governance rights. There are 1309 owners of 5592 neurons that have locked 90.9% of all SNS tokens for up to 2 years. Most of these investors participated in the BoomDAO SNS with an understanding that it served a specific purpose under the leadership of the original team (@icpmaximalist and @atomikm). These investors had their assets configured according to the SNS parameters that were known prior to early this morning. These SNS parameters have now been changed as shown and explained below. There are currently 3 owners with a total of 25 neurons that have voting power on proposal 499 due to these changes.
At 2025-04-26, 3:48:20 AM UTC, the max dissolve delay was raised from 2 years to 8 years when proposal 448 was executed by majority decision. A major shift in voting power occurred when @borovan increased the dissolve delay to 8 years for all 18 of his neurons before proceeding to the next proposal. While the majority of BoomDAO neurons still had voting power at this point, their voting power became insignificant relative to @borovan because they were not aware of this change and had no reasonable opportunity to make an adjustment to their neuron configuration.
At 2025-04-26, 4:31:32 AM UTC (43 minutes later) the minimum dissolve delay to vote was raised to 5 years when proposal 496 was executed by immediate majority decision. For anyone unaware of this change and did not increase their dissolve delay to 5 - 8 years, they immediately lost all voting power in the BoomDAO SNS. A neuron with 2 year dissolve delay, which was previously the max allowed, now has zero voting power. At least one major owner of BoomDAO neurons appears to have been in the process of updating their neuron configuration when @borovan continued making SNS parameter changes.
At 2025-04-26, 5:11:16 AM UTC (40 minutes later), a new proposal 499 was submitted to mint $1B SNS tokens and deposit those tokens in the wallet owned by @borovan. This amount of SNS token will double the existing supply and immediately give @borovan well over 50% of all SNS tokens in existence. A voting power of 63.2% was cast to Adopt this proposal immediately upon proposal submission. All 18 of the neurons owned by @borovan with the ljxsi principal ID were cast at the same time. It wasn’t quite enough to reach immediate supermajority decision.
There are only two other BoomDAO owners who have any voting power in the ballots for this proposal 499. If both of them vote to reject, then the proposal will be rejected. The principals that have voting power include tt37a-e5dyl-oxbi4-jvqab-vvs37-u2yzk-o3722-sfo23-odwc4-3ikhp-6ae and rspmj-qg3cu-i7rfj-bnauo-buxyu-6mdxn-igeay-rqvig-zs7zi-aorjw-2ae. They are both following neuron 44ebfff26d28713eb470980b84026555de220a84423a90c5253d47bfc86b3c72 (which is controlled by tt37a), but that neuron has no voting power on this proposal. Hence, the neurons owned by these principals will not vote by liquid democracy. The neurons owned by these principals must trigger their votes by voting manually.
Note that @borovan is in a position where he could be the only recipient of governance rewards on proposal 499 and all proposals moving forward unless other people ramp up their dissolve delay.
It is also notable that @borovan has changed the dissolve delay bonus to 900% in proposal 495, which heavily weights the governance rewards to neurons that have set their dissolve delay to 8 years.
All proposals that have resulted in these changes were submitted by BoomDAO neuron ID a18d3c619d686219da2edfe505c3d698af1925c1db8f5cd95dcc8b84613f04c5, which was posted and claimed publicly by @borovan in this post on the forum.
I am doubtful that the SNS team at DFINITY intended for the SNS parameters to be changed in this way. I urge @aterga @lara @bjoernek and others at DFINITY to study this example and seriously consider changing Manage Nervous System Parameters to a critical proposal type. It may also be necessary to put time limits on the frequency of changes or throttle how much the parameters can be changed at one time. Quick and sizable changes to SNS parameters is an attack vector that is possible for every SNS and we need better protections.