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🗳 This Week in Governance - July 27
A weekly resource covering crypto governance, politics, and power.
📣 Key Points
Optimism introduces “Law of Chains”
Worldcoin goes live
SuperRareDAO implements incentives to reward users
Aave debates Llama services
The Future of PoolTogether Governance
Uniswap explains X’s relationship to the DAO
Voting Activity (L7)
🗳️ 186,021 ballots
👥 74,142 voters
📜 384 proposals
🌐 75 active DAOs
Let’s get into it 🔥
Optimism introduces “Law of Chains”
The creators of the OP Stack, an open-source scaling infrastructure for Ethereum, have proposed the Law of Chains v0 as a next step toward realizing a unified collective of chains known as the Superchain. This framework defines the principles for Optimism Governance over multiple chains, laying out the protections and expectations for various stakeholders, and promoting homogeneity, neutrality, and open access across the blockspace. The team invites community feedback on this framework, aiming to officially introduce it, along with a governance process for new chains to join the Superchain, in the upcoming season of governance.
Worldcoin goes live
On July 24th, Worldcoin, a project designed to create “a new identity and financial network owned by everyone,” began its rollout with the launch of the World App, a protocol-compatible wallet, and a biometric verification system called Orbs. It is claimed that the platform will provide users with a privacy-preserving digital identity (World ID) and a digital currency (WLD), granted simply for being human. Though the global rollout and eventual success of Worldcoin present challenges and uncertainties, founders Alex Blania and Sam Altman view the project as a crucial attempt to share technological prosperity on a global scale.
The proposal suggests that the SuperRareDAO implement incentive programs designed to reward active users, with the intention of stimulating overall market activity, promoting the usage and adoption of features such as staking, and broadening the distribution of the RARE token, especially in the prevailing bear market. The proposal passed a Snapshot vote on July 26th with 100% voting in favor.
This proposal presents "The Curator" by Llama, a specialized contract designed for the management of asset exchange with Maximum Extractable Value (MEV) and price-impact protection, where feasible. The Curator is envisaged to be a bridge for asset transfers from the Collector/Treasury Contract, execute asset swaps or deposits, and send the newly acquired assets to another address, with its main use being asset exchange rather than holding, and the deployment will initially be on Ethereum, with later expansion to other networks. Voting on the temp-check closes on July 28th.
Builder DAO: Ratification of Mission Vision Values
This proposal advocates for the ratification of the Mission, Vision, and Values (MVV) statement for Builder DAO, aiming to establish its direction and action guidelines. The stated mission is to “develop DAO infrastructure as a public good, enabling decentralized, inclusive, and transparent decision-making processes that empower onchain communities to shape their collective futures.” No funding from the treasury would be required for the proposal’s implementation. Voting opens on July 29th.
Aave: Cancel Llama Service Provider Stream
This Aave Request for Comment (ARFC) from Marc Zeller proposes the cancellation of the Llama stream from the Aave DAO due to the formation of TokenLogic by active members of Llama, who were instrumental in their contributions to Aave (this point is debated by Llama). The proposed cancellation would involve the application of the cancelStream() method on the Ecosystem Reserve and Aave Collector contracts, a step taken to direct funds appropriately and prepare for a potential TokenLogic service provider proposal. The discussion following this proposal has been vigorous.
Gitcoin: A Retrospective on EthCC
In reflecting on a recent event in Paris, CoachJonathan discusses the value of in-person gatherings, focusing on marketing products, representing the brand, and planning logistics. Key insights include the efficacy of having a booth at relevant events for product promotion, the success of unconference-style sessions over talks, the challenge of event timing, the importance of post-event follow-up, and the ongoing difficulty of determining return on investment for these types of gatherings.
Maker: Idea lab: Discovery of the Roles and Responsibilities of Delegates
The post discusses the evolving roles and responsibilities of delegates in MakerDAO as the platform transitions toward its Endgame phase. The author shares insights obtained from a questionnaire, identifying nine broader objectives for delegate roles—including competencies, community stewardship, voting, attending meetings, and strategy implementation—which aim to improve transparency and foster alignment within the DAO.
Optimism: Token House participation and incentives: an extended analysis
In this analysis by the SEED Latam delegation, it is noted that Optimism Token House has undergone several changes to its governance processes in its bid to enhance the Optimism ecosystem, with less than half of its delegates actively participating in the latest season due to increased complexity. In order to boost delegate engagement and ensure better management of governance funds, the post suggests the need for improved incentive systems, a constant review of delegate activity, and the introduction of new processes such as “missions” for specific short-term objectives.
PoolTogether: The Future of PoolTogether Governance
The advent of PoolTogether V5, an autonomous and permissionless system, has prompted questions about the future of PoolTogether Governance. The launch of V5 will mark a transition for PoolTogether Governance to focus exclusively on funding ecosystem initiatives and incentivization, essentially functioning as a non-profit foundation, as the new protocol uses the POOL token for yield consolidation and doesn't require smart contract control or parameter adjustments.
Uniswap: UniswapX and the DAO
Uniswap Labs has introduced a new protocol, UniswapX, owned by the DAO's timelock contract (the DAO also controls the fee switch), which operates alongside the existing AMM to address issues the AMM cannot resolve. UniswapX, which comprises a series of open-source, immutable smart contracts known as Reactors, introduces different transaction flow and fee management functionalities and uses off-chain components to execute trades and manage orders, thereby improving swapping ergonomics and addressing issues related to execution price visibility, gas costs, and cross-chain liquidity.
Law of chains v0.1: Full Draft, from the Optimism Foundation
What do I think about biometric proof of personhood? by Vitalik Buterin
Social Networks and Their Impact, by Tjitse van der Molen
Governance FAQs, by Andrew Hall
Decentralization from first principles, by polynya
Endgame: Proof of Governance, by Jon Charbonneau
Is Proof-of-Personhood techno-colonialism? by Dennison Bertram
Hypercultures w/ LGHT, on On the Other Side
Onchain World Building w/Peter Pan, on Rehash
The Hyperscale Public Infrastructure Thesis for DAOs, from Dennison Bertram at EthCC
The Rise and Fall of Governance, from Doo Wan Nam at EthCC
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