๐ณ This Week in Governance - December 14: Distributed Robustness
A weekly resource covering crypto governance, politics, and power.
๐ฃ Key Points
Nouns Prop House goes onchain
Aave governance V3 is activated
Maker describes the role of subDAOs
Worldcoin outlines plans to advance decentralization
Uniswap considers lowering the proposal threshold
Voting Activity (L7)
๐ณ๏ธ 64,628 ballots
๐ฅย 29,176 voters
๐ย 328 proposals
๐ย 64 active DAOs
Query more data using the Governance API
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๐ฐ News
Worldcoin outlines plans to advance decentralization
Worldcoin aims to become a permissionless protocol, addressing global challenges such as income inequality and the governance of existential risks. Central to its strategy is the development of a robust, distributed system akin to TCP/IP or WiFi, with a focus on distributed robustness and forkability. Key aspects include oracles to verify human identity, a governance model that leverages one-person-one-vote democracy, and privacy considerations in its unique service. Worldcoin claims that its approach emphasizes transparency, user agency, and robustness to create a lasting digital infrastructure for verifying human identity in an increasingly digital and AI-driven world.
Nouns Prop House goes onchain
Prop House takes an inventive approach to how onchain communities can award builders, moving beyond traditional bounty or grant programs. It introduces an interactive model involving the entire community through funding rounds, allowing for the attraction of builders across Ethereum. Prop House features two main components: Houses and Rounds. Houses are collections of rounds with an owner responsible for creating and managing these rounds, while Rounds are competitions where Ethereum users submit proposals to win assets like ETH, ERC20 tokens, or NFTs. The platform aims to emphasize transparency and community engagement in awarding contributions to the ecosystem.
๐ Proposals
Recently Closed
Aave: Aave Governance V3 Activation
The proposal outlines the transition of Aave Governance from version 2.5 to version 3, involving the transfer of permissions, execution of smart contract upgrades, and various preparatory steps. It includes the activation of Aave Robot systems, which are essential for the effective operation of Governance v3. The process entails creating two governance proposals, managed by a Mediator contract, to coordinate the migration and ensure compatibility with new governance mechanisms. Voting ended on December 14th with 100% voting โYae.โ
Ending Soon
ENS: [Social] Select providers for EP4.7 streams
This proposal outlines the process for selecting service providers to receive funding from the DAO, following the approval of EP4.7. It involves a voting mechanism where proposals are arranged in descending order of votes received and then evaluated based on specific criteria, including a vote threshold, budget limits, and comparison against a 'None of the Above' option. The proposal aims to allocate a budget of 3,600,000 USDC annually, and the selected service providers are expected to contribute to the continuous evolution and enhancement of the ENS system. Voters are instructed to vote for providers they support and to use the 'None of the Above' option to express disapproval of all projects. Voting ends on December 15th.
Upcoming
Safe: Stablecoin Allocation
This proposal outlines the exchange of Arbitrum (ARB) and Optimism (OP) tokens held by SafeDAO for an equivalent value in USDC stablecoins from the Safe Ecosystem Foundation. The exchange, estimated at approximately $1.6 million, is intended to enable SafeDAO to fund initiatives in the Safe Ecosystem per OBRA. It details the mechanics of the token swap, including wallet addresses and amounts, and specifies that the OP/ARB token prices will be based on the average market price from CoinMarketCap. The proposal also addresses the impact of this exchange on the governance and treasury diversification of SafeDAO. Voting is live and will conclude on December 25th.
๐๏ธ Rather Listen?
The Boardroom Roundup brings you the latest DAO news headlines and governance proposals every week:
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๐ Reads
What Might an โEnshrined ZK-EVMโ Look Like? by Vitalik Buterin
The Token Holderโs Guide to Delegation, by Samantha Marin
Three takeaways from art basel, by David Phelps
DAOs and DAO-adjacent entities seem to be evolving in two directions, by @lex_node
๐ง Listens
Safeguarding Ethereumโs Soul: Protocol Guild and Governing the Digital Commons, on The Blockchain Socialist
We Need More Normies, on DAO Talk
Delving Into the Regen World of the GitcoinDAO with Azeem and Ben, on Crypto Sapiens
Vitalik Buterinโs Philosophy: d/acc, on Bankless
Bringing DeFi Back to First Principles w/ Greg Di Prisco (Ajna Finance), on StablePod
๐ฌ Forums
Gitcoin: A North Star for Gitcoin
This post presents a personal viewpoint on Gitcoin's potential trajectory over the next decade, focusing on two key components: Gitcoin Grants and Gitcoin Passport. Gitcoin Grants is seen as a web3 crowdfunding platform, evolving to include various funding types and aiming to become a significant player in crowdfunding by 2033. Gitcoin Passport is described as foundational sybil resistance infrastructure, necessary for identity verification in web3, with the goal to become a fundamental tool for sybil resistance. Both components are envisioned to grow symbiotically, potentially becoming integral to web3-era civil infrastructure.
Maker: Streamlining Operations: The Role of SubDAOs in Endgame
The forum post outlines a strategic shift in governance to enhance resilience and scalability, emphasizing the critical role of SubDAOs in achieving the Endgame goals of rapid, scalable, and diverse growth. SubDAOs serve as engines of scalability, balancing the need for innovation with efficiency. The post highlights the importance of enhancing transparency and accountability through a new project organization approach, categorizing projects in stages with milestones and public disclosure in some cases. The transition to SubDAOs will involve partnering with ecosystem actors for assessment and reporting, adhering to equality principles and data-driven models. This approach aims to build a culture of robust practices, ensuring sustainable growth and redefining the operational landscape.
Redacted: Policy Committee
The proposal discusses the creation of a Policy Committee within the Redacted DAO, replacing the Strategic Asset Committee (SAC). This new committee, composed of seven members including four Redacted development team members and three members chosen through a nomination and voting process, will manage key aspects such as the Redacted Treasury's composition and usage, BTRFLY emissions, and protocol parameters for products like pxETH and Hidden Hand. The committee's decisions will be made through a majority vote in cases of disagreement, modernizing the SAC's role to better align with the evolving needs of the DAO.
Uniswap: Lower Onchain Proposal Threshold
This post suggests lowering the Uniswap proposal threshold (PT) from 2.5M UNI to 1M UNI. This change aims to increase delegate engagement and decentralize decision-making by enabling a broader delegate base to submit on-chain proposals. The rationale behind the proposal considers the economic cost of reaching PT, Uniswap's growth and maturity, and the need to balance decentralization with preventing proposal spamming and malicious activities. The proposed reduction is expected to increase the number of delegates capable of proposing from around 33 to approximately 47, encouraging more active participation in the DAO's governance.
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gm gm! Seems like your API doesn't catch Lido's Aragon votes: look there for dates and all https://vote.lido.fi/vote/168