Annual General Assembly 2025

OffChain Luxembourg asbl held its 2025 annual general assembly (GA) on December 3rd in hybrid mode.

As no statutes modification were on the agenda, no quorum was needed.
Ten members were present:

Five main points were on the agenda

Updating the governance parameters
Increasing the stringency of the conditions for being a board member
A new "pledge" for funding
A mechanism to increase the resilience of the monetary policy and the trust in the value of the OCLT token
Election of the NEW BOARD for 2025-2026

Governance parameters update

Strategic (not operational) decision-making in the organisation had been governed for the past year by the rule presented in Novemeber 2024 and adopted by the General Assembly of Dec 4th, 2024:

All members of OffChain Luxembourg ASBL participate at the Strategic Level, with voting power determined by the formula:
1 person = 1+k(OCL staked/Total OCL staked), where k is currently set to 1.

The need for updating the formula by searching for a more relevant "k" was ennunciated by the Board in its September 2025 meeting. A new value of k = 1.5 x n (where n = number of members of the association) was found empirically to lead to a good balance in decision making between "high stakes" voters and simple members, enfranchising members with low OCLT stakes and encouraging them to acquire and stake more OLCT, while at the same protecting the organisation from being diverted from its mission by members with little to nothing at stake.

The topic was presented to the assembly and illustrated with the governance application and how the new k influenced in practice the voting weight of the members, placing their voting weight in-between the basic "1 / n" of classical "one person = one vote" democracy and the plutocratic "percentage of total staked OCLT" of "shareholder / crypto staker" (pseudo-)democracy.

The General Assembly deliberated and voted unanimously in favour of the new "voting weight" formula

Linking Board participation to OCLT stake

The proposal that any Board member needs to have, during his/her entire exercice in the Board, at least 1 000 000 staked OCLT (equivalent to 2000€ at the current ITO price) has been submitted to discussion and vote. After discussion and deliberation, the GA has voted unanimously in favour.

New pledge

Given the success of the 2024 pledge, that raised about 48.OOO€ worth of HBD and on the strength of a prudent financial management (@ocl-trez possesses about the same amount of HBD as at the beginning of 2025, implying that we haven't spent more than we earned), a new pledge has been proposed.

The following tentative pledges were announced
@warman2g announced an additional 2000€
@trafalgarlaw918 announced an additional 1000€ at least
@chrisinlux asked for a thinking delay
@cryptogia announced an additional 1000€
@kevcrypto announced an additional 1000€, possibly 2000€
@soniabr announced 2000€
@sorin.offchain announced an additional 10000€

Monitoring the deposit / debt ratio and enacting "debt brakes"

The proposal to enhance the confidence in OCLT by agreeing on issuance and spending caps linked to the HBD in the @ocl-trez wallet had been introduced for discussion in the September Board meeting and its technical details were approved by the Board in November

The Board decision was presented to the General Assembly who deliberated and voted unanimously in favour.

New Board election

Applications have then been invited for the new Board of OffChain Luxembourg asbl. A new Board of 7 (down from 9 in the previous year) has been elected:

President: @soniabr (pending fulfillment of the Board membership condition until 31st January 2026)
Secretary: @trafalgarlaw918
Treasurer: @chrisinlux
Vice President: @warman2g
Vice President: @cryptogia
Vice President: @kevcrypto
Vice President: @sorin.offchain