Signaling Proposal: Migrate Prop 800 Funds from AADAO Multisig to a Valence Covenant Controlled by ATOM Governance

Description

This is a signaling proposal to give consent to move the LP tokens generated from Hub Proposal 800 1 from the Atom Accelerator DAO (AADAO) multisig to a Valence Covenant that is directly controlled by the Cosmos Hub. This proposal does not add any new liquidity to this position. It simply migrates the liquidity position from a custodial multisig to a Covenant that can be directly controlled by Cosmos Hub governance. \r

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By passing this proposal, the Hub gives AADAO consent to send the LP tokens it generated via Prop 800 to the Valence Covenant with AADAO as the emergency committee and both AADAO and the Hub as the Covenant’s admins. \r

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Transferring this POL position to a Valence covenant ensures that, as with the upcoming launch of Hydro (pending the outcome of governance), the community can easily ensure that this POL continues to be paid for and is wholly subject to the will of hub governance.\r

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Forum discussion: https://forum.cosmos.network/t/proposal-draft-migrate-prop-800-funds-from-aadao-multisig-to-a-valence-covenant-controlled-by-atom-governance/14249.