Motion Proposal: Hold Off on Tokenomics Changes Until We Discuss NNS Rewards Holistically
View Proposal on Dashboard
Related Forum Thread: Reducing the Minimum Dissolve Delay to 3 Months
Why This Motion Matters
The NNS recently passed a proposal in 2024 to reduce the minimum dissolve delay, with significant support. However, new and highly concerning information has surfaced that calls into question the integrity of both the process and the key actors involved.
A small group of actors—most notably Leo and Enzo, the WaterNeuron founders—have executed a series of tightly coordinated and opaque maneuvers that suggest systemic manipulation of NNS mechanisms for private gain.
Here’s what’s been uncovered:
-
Unilateral Control: Leo and Enzo appear to have unilateral control over the WaterNeuron (WTN) and used it to pass critical proposals with no real opposition (votes at 50.0% and 67.0% respectively).
-
Hidden Node Financing: David Fisher (9 Yards Capital) secretly funded 84 nodes for Leo and Enzo while maintaining 42 nodes of his own—disguising his total influence by spreading ownership across multiple entities and keeping each below the 25% threshold.
-
Foundation Cloaking: These nodes were allegedly funneled through a shell setup involving “Sisyphus Stiftung” and “Sisyphus AG”, a structure designed to obscure real beneficial ownership.
-
Coinbase Staking Control: David Fisher, with significant ICP exposure and ties to Coinbase, is now positioned to dominate liquid staking if the current structure holds—despite repeated patterns of acting in bad faith.
Our Current Proposal:
“Hold off on any tokenomics changes till we can have a new discussion about the NNS rewards.”
This is not a rejection of all change—it is a call to pause and reflect before further entrenching the influence of actors who have demonstrated coordinated extraction of value from the system while refusing to engage in good-faith discussion with the community.
The Stakes
-
Reward Extraction Without Risk: These actors have minimal skin in the game. Their setup uses foundation shields, rapid proposal cycling, and liquidity exploits to benefit a few at the expense of many.
-
Bad-Faith Deflection: When asked to consider changes that would prevent this behavior (e.g. adjusting WTN to stop draining rewards from liquid stakers), they pivot to irrelevant technical debates while ignoring the community’s core concerns.
https://dashboard.internetcomputer.org/proposal/136702
This tokenomics proposal has been pushed covertly without any annoucements or discussions.
- Opacity Over Decentralization: Their playbook mimics legacy finance—concealed ownership, pooled influence, and no accountability. This is not the Internet Computer we are building.
We ask the community to vote YES on this motion to pause all tokenomics-related changes until a transparent and community-led discussion on NNS rewards can take place.
We are not here to enable the quiet concentration of power behind legal facades. We are here to build a decentralized, fair, and trust-minimized ecosystem.
The future of NNS integrity demands nothing less.
—
Discussion encouraged below. Zero tolerance for whitewashing, maximal respect for transparency.