- The SGP-0012 governance vote opens on Shimmer with pre-vote from 20 August and counting from 27 August.
- The proposal would reallocate Tangle DAO assets to an IOTA Network Fund and wind down the DAO within six to eight months.
Voting on IOTA’s proposal SGP-0012 is live on the Shimmer network with a staged schedule. The pre-vote window begins on 20 August 2025 at approximately 1500 CEST, followed by a seven-day counting period starting 27 August and a projected close on 3 September at roughly 1500 CEST.
Voters are asked a single question on whether to support the measure and must hold SMR during the counting phase to maximize voting power.
Shimmer vote opens 20 August with counting from 27 August under single-question ballot
The forum announcement confirms the proposal reached soft consensus in Phase 2 and advanced to an on-chain vote. The process uses Shimmer’s governance mechanics, with a pre-vote that allows wallet signaling before the counting period and finalization in early September. The Phase 2 temperature check required 100 supportive votes over seven days to proceed to the network vote.
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Proposal redirects 42 million IOTA and roughly $900,000 to a time-boxed infrastructure push
SGP-0012 would discontinue the Tangletreasury grant program and deploy nearly all remaining Tangle DAO assets into a newly designated IOTA Network Fund focused on core infrastructure, exchange and custodial listings, on-chain services such as bridges, oracles and indexers, and multi-channel marketing and education.
As of July, Tangle DAO holds 42 million IOTA tokens, about $700,000 in USDT and around $200,000 in other crypto, primarily ETH.
A $100,000 reserve is set aside for wind-down costs, with all other assets targeted for deployment within six to eight months, after which Tangle DAO LLC would be dissolved under Marshall Islands non-profit DAO law.
The proposal reconfigures governance to a three-member committee with a 2-of-3 multisig threshold. It nominates a Program Lead and two Co-Leads, aligns compensation at $50 per hour, and allows milestone-based or retroactive grants with no preset cap per award. Existing grants remain valid during the transition window.
Backers argue the redirect responds to limited demand for small-scale grants and overlapping mandates with the IOTA Foundation’s grants program. Reported program statistics show 66 submissions with 25 funded and $680,000 disbursed, leaving about $700,000 from that term unused and implying roughly 25 percent overhead.
A forum commenter noted non-grant operations netted approximately $85,285 as of 30 June after DeFi income, a data point cited in the discussion thread.
Context for the vote is the network’s shift to IOTA Rebased, a MoveVM-based mainnet launched in May 2025, which proponents say now requires production-grade public infrastructure and sustained outreach.
The proposal states that SMR holders retain ultimate authority over committee appointments and funding via on-chain elections during the transition, while DAO wallet activity remains publicly transparent and a final report precedes liquidation.
At the time of this update, IOTA is trading at $0.196078, having edged down by exactly $0.00035, or ‑0.1778 %, compared to the previous closing price. The intraday high reached $0.201086, while the day’s low dropped to $0.191048
