👨🔬 Governance Lab #062
Lab Report #062 - Element DAO DELV Engagement, The Tally Protocol, StablePod w/ Paul, and more
gm frens 👋
Welcome back to the Governance Lab, your weekly source for all things StableLab, DeFi, and DAO Governance.
At a Glance 👀
🤝 Element DAO considers formalizing engagement with DELV
😀 Tally unveils the Tally Protocol
🎙️ New StablePod w/ Paul Frambot (Morpho Labs)
👤 Meet the Team: Mel Oxenreider
Let’s dive in 🏊
Security Monitoring and Incident Management
Element DAO considers engaging DELV as a service provider
Following the release of the Hyperdrive Public Testnet two months ago, the DELV team has submitted a governance proposal to formalize its engagement with the DAO as a service provider. The proposal specifies that the DELV team will deploy an instance of Hyperdrive on Mainnet, add stETH and sDAI yield sources, and support and monitor the security of the instance for a period of 90 days.
Included in the proposal is a Scope of Work and the corresponding milestones to be completed by the DELV team. These include the deployment of the Element DAO instance of Hyperdrive (and Pools) to Ethereum Mainnet, as well as security monitoring and incident management. In total, the DELV team is requesting 6M ELFI to complete this work. A Snapshot vote is scheduled for next week.
Liquid Staked Governance
Tally unveils the Tally Protocol, a restaking protocol for governance tokens
The Tally team has unveiled the Tally Protocol, a restaking protocol for governance tokens. The protocol aims to solve the broken incentives for participating in DAOs by providing a liquidity layer for governance staking and restaking.
The protocol introduces Liquid Staked Tokens (LSTs) for governance tokens, allowing token holders to earn staking and restaking rewards, maintain their voting rights, and use the liquid token to participate in DeFi.
Key features of the Tally Protocol include:
DAO alignment: Each LST is owned and controlled by its respective DAO.
Standardized token design and modularity to support various staking mechanisms.
Voting power redistribution to active delegates for undelegated tokens.
Optimized governance and fee distribution to incentivize high-quality participation.
The Tally team has shared the initial blog post/litepaper outlining the protocol in more detail. A Testnet is currently under development and will be deployed sometime in the summer.
❲ Links ❳
🚀 Launches & Deployments
📑 Insights & Reports
Wintermute DeFi Governance Digest: June 2024 | Week 3
L2Beat Governance Review #21
ValiDAO: Organic Free Range Validators
The Trojan Horse of Crypto: Stablecoins
Why Protocols Could Benefit From Owning Their AMM Curve
Aave Explainer Series - The GHO Stablecoin
🧗 Milestones & Updates
GnosisDAO approves Delegate Program
GHO Cross-Chain Part 1 poised for approval
Uniswap Monthly Financial Report & Analysis - May ‘24
🔒 Security, Risk, & Hacks
🗞️ Miscellaneous
DAO Learning Resources by a16z
Understanding MakerDAO Governance Thread
❲ Proposal Tracker ❳
💬 DISCUSSION | Prisma Finance - Prisma Finance <> Moebius Finance acquistion
Summary: This proposal outlines the potential acquisition of Moebius Finance by Prisma Finance. Moebius is a universal meta-restaking protocol that enables the minting of liquid restaking tokens (LRTs), starting with Karak and EigenLayer. The acquisition terms include a $180,000 payment to Moebius from the Prisma Grants Program. Key benefits include accelerating Moebius as a leading liquid restaking protocol and creating new revenue opportunities for Prisma.
💬 DISCUSSION | Lido - Onboard Bolt to the Lido Alliance
Summary: This proposal seeks to integrate Bolt into the Lido Alliance. Bolt allows Ethereum block proposers to make credible commitments about block contents, enhancing network censorship resistance and user experience. By joining the Alliance, Bolt seeks further collaboration and feedback on the protocol’s design choices along with help bootstrapping validators.
✅ CONCLUDED | dYdX - Add MOTHER-USD perpetual market
Summary: This proposal seeks to add a market pair for MOTHER-USD. $MOTHER is a celebrity memecoin created by Iggy Azalea.
From the Lab
{{Data Initializing...}}
Coming Soon by StableLab. Stay Tuned.
Podcast: Morpho - Developing Foundational Infrastructure for DeFi Lending
In the latest StablePod episode, we’re joined by Paul Frambot, Co-founder and CEO at Morpho Labs. We discuss Morpho's leading role in the modular lending era, servicing trillions with decentralized risk management, the future of the Morpho Ecosystem & DAO, and much more
📺 Watch on YouTube
We’ve joined the ZK Nation! We’re excited to help push forward the ZKsync ecosystem as a delegate. Consider delegating to StableLab. 3M+ already delegated to us and counting!
▶︎ Delegate to our L2 address: zk.stablelab.eth
▶︎ Full Delegate Profile HERE.
Blogpost: Meet the Team - Mel Oxenreider
Get to know our newest team member, Mel Oxenreider, a Governance Research Specialist. Read about his journey from Civil Engineering to Index Coop to DAO Governance and what motivated him to join the team. 🙏
▶︎ Read the Full Post HERE
❲ Our Voting ❳
📆 June 14th → June 20th | 🗳️ Total Votes: 18
See our full vote history and detailed rationale HERE.
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I’d love to hear from you! Drop me a DM on Twitter with your thoughts, feedback, or any comments you may have about the newsletter. I write for you, the reader :)
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