👨🔬 Governance Lab #011
Lab Report #011 - Delegation Week, Optimism S4, Lido V2, Endgame, and more
gm, welcome back to the Governance Lab, your source for all things StableLab, DAO Governance, and of course DAO drama. Feels like every day there’s a new delegate product feature dropping. We’re not complaining. Also, we’re prepping for Delegation Week. Read on to learn more.
This week, the SL team:
→ Preps for Delegation Week
→ Applies for Optimism Grants Council
→ Votes on 21 Proposals
Let’s go 🤝
Lab Activity 🔬
Delegation Week is Coming 👀
Our friends at Tally, the onchain governance tooling platform, have organized a week-long online event dedicated to highlighting, educating, and promoting delegation. Projects participating in the event include Arbitrum, Uniswap, ENS, Gitcoin, She256, Flipside, and many more.
As the leading professional delegate team, we’re super excited to participate and contribute to this awesome initiative. Look out for Twitter Spaces and content centered around all things delegation next week. 🥳
Grants Council Reviewer Nominations
We’ve self-nominated ourselves to serve as Grants Council Reviewers for the Growth subcommittee in Season 4 of the Optimism Collective. The Grants Council, which was introduced in Season 3, has been instrumental in providing funding for projects that align with the Optimistic vision and drive its growth. Voting for nominees is scheduled to begin soon.
We’ve outlined some of the major changes happening in Season 4 in our latest blogpost. They’re quite spicy. Read on.
❲ This Week’s Proposals ❳
🗳️ Active Proposals
👻 [TEMP CHECK] Add Support for RPL on V3
Status: ⚡️ LIVE on Snapshot
Voting Ends: May 19th
💬 Awaiting Feedback
🧮 [RFC] End Current DAO Expenses While Protocol is Non-Operational
Status: 💬 Forum Post → Gathering community feedback
❲ This Week’s Voting ❳
📆 May 12 → May 18 | 🗳️ Total Votes: 21
1inch → 1 Proposal
Aave → 14 Proposals
Hashport → 1 Proposal
Hop → 1 Proposal
Lido → 3 Proposals
Ronin → 1 Proposal
🗳️ See our entire vote history here.
Lab Reports 📓
Season 4 at the Optimism Collective is set to commence on June 8th, unveiling several novel governance experiments for the layer 2 community. Intents, Missions, Alliances, and Trust Tiers, are among the new initiatives introduced to propel the Collective toward its goals. In our most recent blog post, we detail the upcoming changes in anticipation of Season launch.
→ READ the full report
External Files 🗂️
❲ News ❳
Lido Upgrades to V2
On Monday, liquid staking protocol Lido successfully upgraded to V2 following the approval of an onchain proposal by its community. Lido v2 introduces significant upgrades to the protocol, including the ability to withdraw staked stETH and the introduction of a new Staking Router design that allows for a diverse set of Node Operators to participate in the network.
Rune Outlines Maker Roadmap
Rune is back with a detailed overview of the Endgame phases.
✦ Phase 1: Beta Launch ✦
Rebrand to establish a unified ecosystem brand, preserve MKR & DAI
Introduce NewStable and NewGovToken (working names obv)
✦ Phase 2: SubDAO Launch ✦
Launch 6 SubDAOs that function as “divisions” within Maker
SubDAOs have specialized governance processes w/ FacilitatorDAOs and AllocatorDAOs
✦ Phase 3: Governance AI Tools Launch ✦
Deploy AI tools for governance monitoring and improvement
✦ Phase 4: Governance Participation Incentive Launch ✦
Introduce the Sagittarius Lockstate Engine (SLE)
SLE incentivizes NewGovToken holders to participate in governance w/ rewards in NewStable or SubDAO tokens
✦ Phase 5: NewChain Launch and final Endgame State ✦
Deploy NewChain which serves as the backend for SubDAO tokenomics and Maker governance
It provides governance security through hard forks and features optimized for AI-assisted governance processes.
❲ Links ❳
The DAO Takeover Playbook: Are DAOs worth more dead or alive?
Rune outlines the 5 phases of Endgame; CodeKnight gives a quick summary
Compound v3 launches on Arbitrum
Proposal to introduce a $LDO staking module and buyback program
The First Pillar: Protocol Governance
Exploring the dYdX Operations Trust and its future
Introducing Governance Alerts by Messari Governor
Aave Robot v1, built to automate permissionless governance processes
Analysis of Arbitrbum delegate activity in the first few months
Maker onboards GNO to Spark Protocol
Measuring the exploitability of a DAO, a thread
Deep dive into the technical architecture of dYdX v4
Comparing Modular Blockchains, a thread
Survey Says: CeFi users still don’t understand DeFi
Spotlighting Krause House DAO
The Optimism Collective celebrates its 1st birthday 🎂
Podcast: mStable <> dHedge execute a DeFi merger
Chaos Labs launches an Aave Listing Portal
Sign and create LLCs for Wallets
Onchain is the next online
❲ Meme ❳
💌 Get in touch with us
Website | Twitter | LinkedIn
⚡️ Delegate to stablelab.eth
Tally | Boardroom |
That’s it for this week. As always thanks for reading and subscribing to the Governance Lab