This Week in Governance - May 12
A weekly resource covering DAO news and governance
📊 This Week’s Stats
Ecosystem Overview:
💰 $9.12 billion in treasuries 💰
✍️ 6,810 proposals ✍️
👥 98,378 unique voters 👥
🗳️ 723,336 ballots 🗳️
Governance Activity - Last 7 Days:
🗳️ 8,710 ballots were cast on 145 different proposals 🗳️
👥 4,258 unique voters 👥
🌐 45 DAOs with active voters 🌐
✍️ 93 new proposals created ✍️
For a deeper dive into DAO governance data, check out the Dashboard.
🚢 Product Updates
Boardroom now supports multiple governance frameworks for individual DAOs: token holders can now track, vote, and delegate on proposals across more than one governance system in a DAO, including Snapshot, all in one place.
Check out proposals for ENS as an example here.
📚 Goodreads
Decentralized Society: Finding Web3's Soul, by Weyl, Ohlhaver, and Buterin
Learning by DAOing, by Justine
Building Healthy Teams (The DAOist GGG “Open Office Hours”)
Unbundling venture capital via DAOs, by pet3rpan
“Trustlessness is not decentralization!” A thread by Will Papper
And the precipitating thread by @owocki on the “tyranny of structurelessness”
📝 Highlighted Proposals
Each week we select noteworthy proposals to draw your attention to. See all proposals on your Boardroom Dashboard.
1) Uniswap: Deploy Uniswap V3 on Moonbeam
🔤 ELI5: Uniswap to expand beyond the Ethereum ecosystem to Moonbeam, a Polkadot parachain.
This proposal, submitted by Blockchain at Berkeley and Nomad, hopes to secure approval to deploy Uniswap on Moonbeam, a Polkadot parachain with EVM compatibility. The major benefit of such a deployment would be expanding Uniswap beyond the Ethereum ecosystem — which would go some way towards fulfilling Uniswap’s multichain vision.
“Deploying on Moonbeam will expand the Uniswap community to include users of the Polkadot ecosystem, helping Uniswap on its journey to become a leading product in the multichain world.”
Deploying Uniswap on Moonbeam would also allow for the testing of a module developed by Gnosis and Nomad that facilitates cross-chain governance outside of the Ethereum mainnet. As the proposal states, “it is important that new chains have a trust-minimized arbitrary message passing solution to facilitate secure, decentralized governance of a deployment of Uniswap.”
Additionally, Moonbeam will contribute $2.5 million to the Uniswap Grants program to support those who are working to develop multichain experiences with Uniswap.
The proposal passed both a consensus check and a temperature check and was originally submitted on May 7; the proposal was then canceled (to update license language) and re-submitted. Voting opens again on the evening of May 12 and will end on the evening of May 18.
See the discussion
2) BanklessDAO: Season 4 Project and Guild Funding
🔤 ELI5: Bankless funds the next season with KPI stipulation.
As the title suggests, this proposal specifies the funding of projects and guilds for season 4 (which runs from May 2 through July 29) and puts it all to a vote. Funding requests were received and reviewed by the DAO’s Grants Committee, which approved and put forward the expenditures in this proposal. In total, 13 guilds (e.g. Writers Guild, Operations Guild) were funded for a total of 8,652,061 BANK and 1.2 ETH, and 15 projects (e.g. Bankless Academy, DAO Dash) for 13,363,509 BANK. The exact amounts for each are detailed in the proposal. The proposal also contains the noteworthy stipulation (see interesting post here) that 50% of funding will be held in the Grants Committee multisig until halfway through the season, at which point each project must demonstrate that they are making progress toward meeting their self-identified KPIs. (Guilds must do the same at the end of the season in order to be funded for the following season.) As links writes in the above forum post, “[t]he Grants Committee has decided to take these steps to help promote accountability and to aid us in the stewardship of the BanklessDAO treasury.”
See the discussion
81.69% voted for
3) Friends with Benefits: FWB x OpenSea Partnership
🔤 ELI5: FWB gains support from and access to the world’s largest NFT marketplace.
With this proposal Friends with Benefits gained approval to form a multi-phase partnership with the leading NFT marketplace OpenSea. The collaborative effort aims to benefit both parties: FWB’s creative community will gain special access to the largest and most widely recognized NFT marketplace while OpenSea hopes to “deepen its connections with emerging creatives, exemplify their commitment to web3 native communities, and move NFT culture forward.” Specifically, FWB will “takeover” OpenSea’s homepage for three days this coming June, curating all content and participating in social media promotion; in August, OpenSea will sponsor an IRL exhibition at FWB Fest; and OpenSea will fund the inaugural season of a new FWB podcast. OpenSea will provide $250,000 in support of these efforts to showcase the FWB community. The proposal describes how “the partnership will decentralize the process of curation” and provides metrics by which to measure success.
98.84% voted for
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