🗳 This Week in Governance - July 6
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🗳 This Week in Governance - July 6
A weekly resource covering crypto governance, politics, and power.
📣 Key Points
Arbitrum considers a grants DAO
Optimism community votes on Missions
Azuki DAO seeks action after Elementals mint
Nouns DAO could pause auctions
Voting Activity (L7)
🗳️ 129,561 ballots
👥 68,068 voters
📜 239 proposals
🌐 82 active DAOs
Let’s get into it 🔥
📜 Proposals
Recently Closed
Azuki DAO seeks action after Elementals mint
A group of OG Azuki holders, who have supported Azuki since its inception, have expressed their dissatisfaction with the team's actions, especially concerning the recent Elementals NFT mint. They proposed that Azuki Dao hire a lawyer to file a lawsuit against Zagabond, seek a refund of 20,000E from the team, and allocate it to the Dao for community growth and incentives. Additionally, they suggested providing financial support to the 20000E Dao for organizing a research team for the lawsuit. The proposal, which is symbolic and non-binding, passed with 88.35% voting FOR. There is a currently active proposal from the DAO to “enable community governance” through elections for multisig custodians.
Ending Soon
Optimism community votes on Missions
Voting for Mission proposals is live until July 13th, with Intents #1 (Progress Towards Technical Decentralization), #2 (Spreading the Optimistic Vision), and #3 (Governance Accessibility) before the Token House. A number of Missions are proposed under each Intent; participants are to use approval voting to express their support.
Upcoming
Nouns to pause auctions?
According to maty.eth, a recent proposal by an anonymous wallet suggests temporarily pausing auctions in the DAO, which challenges the DAO's motto of "One Noun, Every Day, Forever." The potential impact of pausing the auction is unclear, but it raises questions about the Nouner reward and the potential effects on secondary sales and the availability of NFTs below book value. This proposal is expected to spark an interesting debate within the community.
💬 Forums
1inch weighs proposal for DAO constitution design with grants program and financial reporting
Bankless Consulting proposes a three-phase collaboration with the 1inch team to develop and manage a robust DAO constitution, Grants Program, and Financial Reporting Functions. The design phase involves intensive input gathering and workshops with 1inch stakeholders to create a comprehensive DAO Constitution, short and medium-term strategies for the Grants Program, and a sound financial reporting process. The proposed activities include defining the scope and purpose of the DAO, conducting market analysis and design thinking sessions for the Grants Program, and establishing financial reporting responsibilities and processes.
Angle discusses roadmap to onchain governance
The forum post proposes a switch to a fully on-chain governance mechanism for Angle Protocol to enhance resilience and decentralization. The proposed architecture includes using GovernorBravo for the decision module and LayerZero with a timelock and multisig veto power for the execution module. The post discusses the parameters, smart contracts, front-end interface, transition phase, and potential future iterations of the proposed governance system. Feedback and remarks on the proposed architecture are welcomed.
Arbritrum considers a grants DAO
The forum post from Llama’s Shreyas Hariharan proposes the launch of Arbitrum Grants DAO, a community-run grants program that seeks to build a developer community around Arbitrum. The proposal includes allocating $10 million worth of ARB for grants to developers, community contributors, events, and sponsorships. The program is structured as a 6-month pilot, and feedback from the community is encouraged. The post outlines the strategic priorities, evaluation criteria, process, budget, and composition of the Grants DAO, and invites interested individuals to participate as reviewers.
Euler provides an update on the development of V2
The forum post introduces the Euler Labs' development updates and seeks feedback from the DAO community in preparation for the launch of Euler v2. It highlights the Credit Vault Protocol (CVP) as the first protocol to support Euler's mission of creating a high-performance environment for decentralized finance. The CVP is described as a permissionless smart contract that allows users to create and deploy their own flexible Credit Vaults, providing a foundation for building various sub-protocols. The post also mentions three sub-protocols that will be developed on top of the CVP: Euler v2, Isomorph, and Levr. The report emphasizes the benefits and features of the CVP, such as batching operations, simulations, sub-accounts, and the ability to work with various asset classes. The timeline for launch is not specified, but the code for the CVP is undergoing an internal audit, and public review and further auditing are expected before deployment. Feedback and potential partnerships are welcomed.
Nouns considers ecosystem-wide governance standards
This co-proposal seeks grants of 16 ETH from Nouns DAO and 4 ETH from Public Nouns to support DAOstar in achieving EIP-4824 (“common interfaces for DAOs”) compliance within the Nouns ecosystem and establishing a standards working group for the broader Governor ecosystem. The project aims to develop interoperable standards and critical public infrastructure for DAOs, particularly focusing on Nounish organizations, which can benefit from enhanced discoverability and interoperability by adopting the EIP-4824 framework. Additionally, the proposal includes building infrastructure to support standard adoption by Nouns and similar systems built on Governor and providing necessary support for EIP-4824 compliance.
📚 Good Reads
Prophet Motives & Knightwork States, by Wassim Z. Alsindi
Lamp DAO: a Cybermemetic Experiment in Collective Governance, by Jessica Zartler
Decoding DAOs activity - The Importance of A Multidimensional Data Analysis, from sealaunch.xyz
China’s Move to Control the Blockchain, by Ben Schreckinger in Politico
‘This Protocol Is Brought to You By’: An Onchain Model for Web3 Advertising, by Mason Nystrom
Luxury Media, by jihad esmail
🧵 Threads
Crypto is missing meaning, by drnick
DAOs are broken, by sydney
On domain-specific governance layers with multiple specialized tokens, by Chase Chapman
🎧 Listens
Money, Ownership, and Identity with ENS’ Nick Johnson, on The Story of Money
Designing Effective Governance, from Porter Smith
Decentralizing Social with Purple — Chris Carella, Phil Mohun, on UFO
Building an Equitable Ownership Economy: Insights from Dr. Corey Rosen on Employee Ownership and ESOPs, on The Ownership Economy
💭 Ecosystem Takes
🎈 Have a Meme
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