Secure Funds

To prevent potential mismanagement of Youdle DAO treasury funds, we propose temporarily transferring these assets to the Kusama Treasury, which is now the safest option.

Rationale:

The Invarch team, which currently controls the funds, has a history of questionable financial decisions, including the transfer of more than 200K ASTAR from the DAO to a CEX without transparency.

Community members have raised concerns and asked questions about fund management, but the team has not provided clear answers.

To ensure responsible management, these remaining funds (400 KSM) should be safeguarded under Kusama governance.

Next Steps:

The funds will later be returned to Youdle DAO holders through a transparent and verifiable process.

We urge the community to support this measure to protect DAO resources.

Evidence:

Rug on virtuals

Polkadot treasury rugs

Youdle DAO rug

Moving DAO funds to a CEX because it's a shared address instead of moving to another on chain address? No answers.

Pink rug

Pink distributed by the pink team to invarch was supposed to get distributed to the community

but instead 2000000 pink were allocated to xcastronaut (invarch founder) wallet

Then went to hydration and got sold.

VARCH rug

$VARCH token launched less than 30 days ago. ICO investors are down -96%

KSM partial rug

Not fully delivered.

Tinkernet rug

Tinkernet (kusama parachain) was shutdown. Investors were given 4 VARCH for 1 TINKER. VARCH was later a rug so this converts Tinkernet in a rug. Before shuting down they made an LBP in Osmosis (Cosmos) which also was a rug.

We want to move Youdle DAO's money to a safer place called Kusama Treasury. The people who control the money now, Invarch team, have made some bad choices with the money before. They moved a lot of ASTAR money without telling anyone. People are worried and want to know what's going on, but the team doesn't give clear answers.

To keep the money safe, we should move the rest of the money (400 KSM) to Kusama, where it can be managed better. Later, we will give the money back to Youdle DAO in a way that everyone can see and trust. We hope everyone will agree with this plan to keep the DAO's money safe.

Here are some examples of why we don't trust the Invarch team:

They moved money to a place called CEX without a good reason.
They were supposed to share Pink tokens with the community, but they gave a lot to their own founder instead.
They launched a new token called VARCH, and people who bought it lost a lot of money.
They didn't give all the KSM tokens they promised.
They shut down a project called Tinkernet and gave people VARCH tokens instead, which turned out to be bad too.

Source