🗳 This Week in Governance - Sept 28

A weekly resource covering crypto governance, politics, and power.

Sep 28, 2023

Friends With Benefits approves new leadership structure
Purple DAO proposes retroactive funding to boost Warpcast channels
BanklessDAO considers whether it needs a legal wrapper
Uniswap Foundation asks DAO for funding

Voting Activity (L7)
🗳️ 162,770 ballots
👥 57,649 voters
📜 284 proposals
🌐 66 active DAOs
Query more data using the Governance API

Let’s get into it 🔥

📰 News

Friends With Benefits approves new leadership structure

The FWB community recently passed a proposal introducing a Community Council alongside a Mayor and Core Team, establishing a new leadership structure for the DAO. The goal is to further decentralize the organization and provide a more collaborative leadership framework. The Community Council will represent diverse interests, collaborate with the Mayor on the DAO's vision, and engage the community in shaping proposals and initiatives. The Council will also participate in the election of the Mayor and help improve governance and community engagement. Council members will be compensated with $500 USDC monthly, and elections will involve both community voting and Core Team selection. The Mayor will remain full-time with a two-year term and a $150,000 salary. The transition is targeted for the end of Q3/beginning of Q4. The proposal also includes rubrics for Council member qualifications and applications.

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📜 Proposals

Recently Closed

Lil Nouns DAO: Implement Dynamic Quorum for Enhanced Governance

The proposal suggests adjusting the dynamic quorum parameters for the Lil Nouns DAO to improve governance workflow. Specifically, it advocates for reducing the Minimum Quorum to 5% and setting the Maximum Quorum at 15%. These changes aim to incentivize greater participation and delegation, potentially leading to more successful and decisive proposals within the DAO. The proposal was defeated on September 26th with 69% voting against it.

Ending Soon

Aave: Updated Aave Grants Continuation Proposal

This proposal provides an updated Aave Grants DAO (AGD) plan for the next 6 months, incorporating feedback received. It outlines funding allocations, including $400,000 in ARB and an increased stablecoin allowance, focusing on developer grants and furthering the growth of the Aave ecosystem. The proposal also highlights AGD's past achievements and outlines future initiatives, including establishing a legal entity, enhancing grantee accountability, and improving impact measurement. The budget breakdown includes allocations for grants, operations, and maintenance, with a total budget request of $700,000. Voting ends on September 29th.

Upcoming

Purple DAO: Channel-Focused Retroactive Funding Round

The proposal outlines a retroactive funding round for projects aiming to enhance the quality and engagement of channels in the context of Warpcast. The funding round offers a total of 5 ETH to be distributed among 5 selected projects, which should focus on improving cast quality and/or engagement in channels through various means, such as channel-specific clients, browser extensions, link aggregators, and FIP-2 related projects. The submission deadline for project proposals is November 10th, 2023. Voting on this proposal opens on September 28th.

📚 Reads

The Casino on Mars, by Matt Huang
The Burn, by Wilson
The DAO Playbook (v1), by 0xJustice.eth
State of Web3 Grants Report, by Leventhal and Waqar
Machiavelli for DAOs: Principles for Fixing Decentralized Governance (part 1), by Miles Jennings
Machiavelli for DAOs: Designing Effective Decentralized Governance (part 2), by Miles Jennings
Sure anon, i'd be delighted to share my #standwithcrypto day debrief, by Kevin Owocki

🎧 Listens

Live From New York, It’s DAO Talk
The Next Wave of Consumer Crypto w/ Seed Club, on On the Other Side
Summer of Protocols: A Safe New World with Timber Schroff, on Green Pill

💬 Forums

BanklessDAO: Does The DAO Need a Legal Entity?

The forum post raises questions about whether BanklessDAO should consider establishing a legal entity. The author highlights the potential regulatory risks faced by the DAO in the context of its funding, grant-making, and governance decisions. The post aims to initiate a discussion within the DAO community to determine if a legal wrapper is necessary, the type of legal entity required, and its potential financial implications. The discussion also touches upon the risks associated with not having a legal entity and seeks to gather feedback and gauge sentiment within the DAO before proceeding with any decisions or partnerships related to legal entities.

Index: Remove Fees on Diversified Staked ETH Index $dsETH

Index Coop is contemplating eliminating the 0.25% streaming fee on its Diversified Staked ETH Index ($dsETH) due to limited adoption since its launch in January. The aim is to enhance $dsETH's appeal as an LST collateral and cater to fee-sensitive users, and community members are encouraged to provide their opinions and reasoning on this matter in the forum post.

RocketPool: Removing maximum effective cap on RPL vote power

There's an ongoing discussion within the community regarding the minimum effective RPL (Rocket Pool token) required for voting. The proposal suggests removing the cap on the maximum effective RPL, allowing network operators (NOs) to vote or delegate with unlimited RPL, simplifying the voting process and providing a governance use for staked RPL, with potential benefits and risks outlined.

Uniswap: Complete initial funding of the Uniswap Foundation

Devin Walsh provides an overview of the Uniswap Foundation's vision and progress and requests a second tranche of funding, totaling $62.37 million, which will be put to an onchain vote on October 4. The post outlines the foundation's goals, achievements, and plans, including its focus on growing the Uniswap ecosystem, supporting research, and aligning incentives for long-term Protocol sustainability. Additionally, it discusses financial details, treasury diversification, and upcoming initiatives.

💭 Ecosystem Take

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