🗳 This Week in Governance - Aug 10
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🗳 This Week in Governance - Aug 10
A weekly resource covering crypto governance, politics, and power.
📣 Key Points
Vote for Nouns DAO V3 upgrade, Nouns fork, happening now
Aribtrum debates giving Foundation more agency
CityDAO proposes City Hall in Denver
ApeCoin considers authorizing a Special Council to issue directives
ENS gets a new governance dashboard
Voting Activity (L7)
🗳️ 574,041 ballots
👥 73,801 voters
📜 402 proposals
🌐 73 active DAOs
Let’s get into it 🔥
🎙️ Rather Listen?
The Boardroom Roundup brings you the latest DAO news headlines and governance proposals every week:
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📰 News
Vote for Nouns DAO V3 Upgrade, including Nouns Fork, Happening Now
There’s a significant proposal currently in front of the Nouns DAO that seeks to upgrade the Nouns DAO logic contract to V3, introducing features such as an "Updatable" state for proposal editing, pooling voting power through signatures, an objection-only period for last-minute proposal swings, and a change in vote snapshot timing.
Additionally, the proposal includes the controversial Nouns fork, which allows “Nouners to exit the DAO by forking to a new DAO,” as described in this post. The forking mechanism is designed in part to enhance administrative efficiency, and operates in two phases: the Escrow Period, where tokens are held until a forking threshold is met, and the Forking Period, where a new DAO is established and funds are transferred from the original DAO to the new one. The proposal at hand outlines the migration to a new treasury contract, detailing the transfer of assets and changes in ownership, and provides information on audit findings and the steps for proposal execution.
Concerns have been expressed about potential malicious intentions behind the proposed DAO upgrade, specifically targeting those who might exploit the Fork call for personal gain. The author of this forum post, for example, warns against such actions, considering them a breach of duty and possibly fraudulent, and mentions exploring litigation strategies against any predatory outcomes.
Voting for this on-chain proposal will be active until August 12th. Be sure to check out the rationales many voters have provided — visible in the “Votes” section of the proposal page on Boardroom.
📜 Proposals
Recently Closed
Illuvium: Peer & Self Evaluation for Council Members
This proposal aimed to introduce a peer and self-evaluation process within the Illuvium DAO to assess the performance of council members, promoting transparency, accountability, and alignment with the DAO's values. The evaluation will occur twice during the epoch, with council members rating each other in various categories; aggregated scores will be publicly disclosed, and low scores could lead to a Vote of No Confidence process. The proposal passed on August 10th with 100% voting to approve.
Ending Soon
RocketPool: Updating of Grants Management Committee
The proposal outlines the establishment and structure of a Grants and Bounties Management Committee (GMC) within the Rocket Pool community, which will handle the distribution of Grants and Bounties, retrospectively and prospectively, from the pDAO budget. The GMC's role, responsibilities, and processes are defined, including the creation of an administrator role and the protocols for hiring, removal, and replacement of the administrator. Recent changes to the committee's size, frequency of award rounds, and awards process are also highlighted, emphasizing flexibility, efficiency, and adherence to guiding principles and governance details. Voting on this proposal will end on August 18th.
DopeWars: Intellectual Property
The proposal suggests amending the DOPE DAO Operating Agreement to adopt a more permissive approach to intellectual property. Specifically, it recommends that all DOPE DAO and DopeWars code be licensed under the MIT software license, and all art or media assets be licensed as Creative Commons Zero (CC0), promoting open-source composability and decentralized community-driven purpose, while allowing for unencumbered growth and expansion of the DopeWars ecosystem. The voting period closes on August 11.
Upcoming
ApeCoin: Authorise Special Council to issue Directives for more efficient DAO operation
The proposal aims to streamline the administrative decision-making process within the ApeCoin DAO by authorizing a Special Council to issue Directives for administrative improvements without the need for repetitive AIP (ApeCoin Improvement Proposal) processes. This will allow for quicker implementation of administrative changes, while also introducing a new role, the "Drafter," to assist the Special Council in formalizing these Directives, with @ApeforLife proposed as the initial appointee for this role. Voting opens on August 10th.
📚 Reads
Web3 Work Research Report: The DAO Contributor's Perspective, from Other Internet
Heroes and Outlaws: The Role of DAO Founders, by Doo Wan Nam
The time has come to decentralize the broken financial system, by Rune Christensen
Endgame: Proof of Governance, by Jon Charbonneau
A compilation of the best content I've found to be critical in building an understanding of Autonomous Worlds, from pet3rpan
Wake up honey! Governance is broken, again by ivangbi
The Narrative Wedge: A Field Guide to Profit and Survival, by Joel John
Cosmic Delegates: How the dYdX App Chain could spearhead
delegation in Cosmos, from Flipside
🎧 Listens
Onchain Media w/ Steph Alinsug, on On the Other Side
ENS, Namespaces, and Governance, on Delegate
GFX Labs – DAO Governance, Uniswap Fee Switch, Onchain Lending, on Token Terminal
FRMR SEC Lawyer on What You Need to Know About Securities Laws, Ripple/XRP, & Prometheum, on Overpriced JPEGs
Governance and Possibilities: A Political Economy of the Commons, with Jenn and Ilia Murtazashvili, on The Ownership Economy
What Does the Curve Crisis Say about DeFi? on Unchained
In Defense of Lido, w/ Hasu, on Bankless
💬 Forums
Aave: Update Aave Snapshot Space
This temp-check from TokenLogic proposes an update to the Aave Snapshot Admin, Author, and Controller addresses due to the current configuration being outdated. It aims to replace inactive admins with active ones, update Authors, and migrate the Snapshot Space to a new space where the Short_Executor indirectly controls it through an intermediate contract.
Arbitrum: Quit Shooting the DAO/Foundation in the foot
This forum discussion revolves around concerns regarding the governance and decision-making processes of the Arbitrum DAO. The main points raised include the DAO's perceived inaction and over-reliance on a few key delegates, the need for more effective incentives to grow the ecosystem, and the potential benefits of giving the Foundation more agency. Some participants suggest refining processes, while others emphasize the importance of maintaining decentralization and avoiding centralization. The discussion also touches on the roles of specific delegates and the potential conflicts of interest in grant frameworks.
CityDAO: City Hall
CityDAO is considering the purchase of an office and event space in Denver, Colorado, to serve as its City Hall. The proposed budget for the project is $1.630 million, which includes the property purchase, reserves for property-related expenses, and project costs. The space aims to be a hub for CityDAO citizens, potentially hosting events and co-working opportunities. The decision-making process involves input from CityDAO citizens, with Scott Fitsimones coordinating property-related tasks. The discussion also includes various perspectives on the proposal's merits, financial considerations, and alternative suggestions.
Karpatkey has introduced a new ENS DAO Governance Dashboard, built on Dune Analytics, to consolidate and improve the available governance data for the ENS community. The dashboard provides comprehensive metrics on general delegation stats, details about delegates, delegation variations, and information on non-delegated token holders, aiming to enhance transparency and the overall health of protocol governance.
Olympus: Swap between Redacted DAO and Olympus DAO
Olympus DAO proposes a swap of its BTRFLY holdings and future vesting for $3.75 million in gOHM from Redacted DAO. The swap aims to consolidate the Olympus treasury and simplify Redacted's token structure due to the diverging strategic missions of both protocols. The terms include specific amounts of gOHM and BTRFLY to be exchanged, cancellation of future vesting, and mutual release of claims, with the proposal's effectiveness contingent upon Redacted governance's approval.
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