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🗳 This Week in Governance - Apr 27
A weekly resource covering crypto governance, politics, and power.
📣 Key Points
Arbitrum airdrop to DAOs
Cabin’s network city
Gitcoin, Coinbase partner to fund advocacy
Voting Activity (L7)
🗳️ 67,180 ballots
👥 23,354 voters
📜 312 proposals
🌐 85 active DAOs
Let’s get into it 🔥
🎙️ Delegate Podcast Episode 9
This week's Episode of Delegate is set to drop tomorrow morning! ☀️ Subscribe to receive a deep dive into Gitcoin with their Gov Lead, Shawn.
🗞 News Brief
Arbitrum Airdrop to DAOs
Arbitrum on April 18 outlined its planned ARB airdrop to DAOs — which began on April 24. An allocation of 1.13% of the total 10B ARB token supply had been designated for the airdrop to qualifying DAOs. Criteria for DAO eligibility (those that built apps on Arbitrum) and allocation were specified and the list of DAOs and their allocations were provided. The leading recipients are Treasure, GMX, Uniswap, SushiSwap, and Dopex. The airdropped tokens will not be locked up beyond one week, and are intended in part to help bootstrap the Arbitrum ecosystem.
Cabin’s Network City
Cabin recently announced a plan to create a “network city” of Cabin citizens — “who span the globe and come together to co-live and create in nature.” Beginning with Neighborhood Zero, the site of Cabin’s residency program in Texas Hill Country, Cabin plans to grow to 5,040 passport-holding citizens across a network of 500 neighborhoods over the next five years. “We are now expanding a shared culture, economy, and governance across a global network of physical neighborhoods designed for a strong community, fast internet, and access to nature,” Cabin writes in a Mirror post explaining the philosophy driving the plans, its origins, and what the group expects will happen as the network city develops over the next five decades.
Gitcoin partners with Coinbase to support governance advocacy
Gitcoin is partnering with Coinbase to help fund organizations that pursue advocacy for “sensible crypto policy.” Gitcoin in a Twitter thread highlights one of these organizations, Coin Center, which is a Gitcoin grantee and included among those featured in their impact report. Gitcoin is running an advocacy round (ending on May 9): “For a limited time, all donations will be matched with quadratic funding.” Additionally, the mint fees accrued by the Stand with Crypto NFT are donated to the advocacy round.
📚 Good Reads
Tokenology: Moving beyond “tokenomics”, from Guy Wuollet
Coinbase sues the SEC for answer on rule specific to digital assets, from Colin Wilhelm of The Block
SushiSwap happenings, by Jared Grey
The SEC crackdown on tokens is bullish, by David Phelps
How to build a DAO 101, from Connext
On-chain Media w/ Yana Sosnovskaya & Guy MacKinnon, on On the Other Side
The EU has Now Become the Global Crypto Regulatory Leader, on The Breakdown
Moloch vs Gitcoin, by Jonathan Mann (@songadaymann)
Critiques and Alternatives from a Former Professional Libertarian, on The Blockchain Socialist’s “Overthrowing the Network State”
This proposal seeks community approval for how the Aave Grants DAO (AGD) should allocate the 300,000 OP tokens received as part of OP Stimpack phase 0. The proposal suggests allocating up to 100,000 OP for the current AGD engagement and keeping the remaining 200,000 OP in the AGD multisig for future AGD seasons. No further governance action will be required if the proposal receives positive community feedback, and AGD will proceed with the allocation of funds as described.
Dennison published a handbook detailing how Grant programs are essential to the success of decentralized projects because they provide funding and incentives for skilled builders to create meaningful impact. He explains that executing grant programs can be challenging due to misalignments between stakeholders, cost underestimations, and other issues. To improve grant programs, suggestions include funding more research, implementing an RFP process, fostering mentorship, encouraging collaboration between grantees, and developing clear guidelines.
Bankless: DAO Next Season Goals Survey
The Governance Department of BanklessDAO has launched a "DAO Next Season Goals Survey" to gather opinions and insights from the community regarding the priorities for the upcoming season, including governance improvements, financial management, educational initiatives, and more.
dYdX: DAO Playbook
The dYdX Operations subDAO has released a guide called the dYdX DAO Playbook, which is aimed at guiding the formation and governance of subDAOs within the dYdX DAO community. The guide covers governance procedures, operational best practices, legal frameworks, and the risks of subDAOs.
This discussion suggests developing a constitution rooted in ENS principles and values to establish clear guidelines for participation in the ENS community and protect the protocol against malicious actors. The proposal includes an amendment that would cap individual or entity voting power at a specific percentage, 5%, to prevent the concentration of power and ensure an equitable decision-making process.
Euler: The Future of Euler Protocol
This forum thread is meant to gather community feedback on the future of Euler protocol, as the redemptions are nearly complete. The community can discuss and share ideas for the next version of Euler Protocol, which could include innovations like support for collateralizing long-tail assets, custom collateral factors, in-built stablecoins, and new forms of permissionless markets.
Gitcoin: Trust & Reputation at Gitcoin
Gitcoin is preparing for hypergrowth in Seasons 18 and 19 by implementing risk mitigation strategies. Gitcoin is looking to strengthen its security measures, be more inclusive of new audiences and provide grantees with a springboard to their next level of success, and improve transparency in its decision-making processes.
This proposal suggests extending the Hop Delegate Incentivization Trial for another six months, where delegates are compensated for active participation in Hop DAO governance, by voting on proposals and communicating their reasoning on the forum.
Optimism: Season 4: Council Intent Budget Proposal
This proposal outlines a plan to create a Grants Council, led by Lund Ventures, with a budget of 6M OP, to accomplish the intent of innovating on novel applications. The council will process grant proposals, articulate operating procedures, draft and publish requests for grants, and have specialized positions for reviewers.
Treasure: Increase Transparency and Accountability
The proposal suggests that TreasureDAO increases transparency and accountability by publishing quarterly reports covering the DAO's financial state, providing a high-level roadmap, and key initiatives undertaken by the team to build a community-driven gaming ecosystem. The proposal includes publishing a quarterly report with specific details, providing biographies of the team, producing and maintaining a regular development log and high-level roadmap, and incorporating simple polls in the Discord forum discussions for governance proposals.
📜 Highlighted Proposals
Nothersight - Public goods for building DAOs based on islands in the Otherside
This proposal intends to provide a platform called “Nothersight” that would make “tools for DAOs” available for islands in the Otherside metaverse. With Nothersight, islands can form DAOs, which would “enable community members to easily build, connect, and interact with one another as they manage their islands together.”
⏰ Voting ended: April 26 ⚡Type: Snapshot 💬 Read the discussion ✍ Author: ayvee
Start the Drips Org
This on-chain proposal would transfer +$1.5m USDC from the DAO treasury to the Drips Org “to support the development of the Drips protocol and application in 2023.” The Drips Org supports FOSS (free and open source software) by developing “novel protocols, tools and applications that enable new value flows for developers in order to receive funds from their users & supporters.” The organization’s structure, strategy, and objectives are detailed in the forum post originating the proposal.
⏰ Voting ends: April 27 ⛓️ Type: onchain 💬 Read the discussion ✍ Author: Iftherios
DAO Operator: Term Extension
This proposal outlines the activities of Lil Nouns’ current DAO Operator, presents plans for the upcoming quarter, and requests 3.2 ETH per month to fund the position. In addition to running operations, the Operator has created podcasts, hosted brainstorming sessions, and maintained the content pod, among other things. Going forward, the DAO Operator hopes to improve and expand upon current operations, including in the area of communications. The proposal appears to have been canceled after receiving some votes against.
⏰ Voting ends: Cancelled ⛓️ Type: onchain ✍ Author: Brook
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