👨‍🔬 Governance Lab #071

Lab Report #071 - SafeDAO Steering Committees & Councils, Sky Protocol Launch Parameters, Uniswap Ecosystem Incentives Initiative

Sep 12, 2024

gm frens 👋

welcome back to the Governance Lab, your weekly source for all things StableLab, DeFi, and DAO Governance.

At a Glance 👀
🏗️ SafeDAO proposes new organizational structures
🚀 Sky Protocol shares Token and Product Launch parameters
🦄 Uniswap DAO considers Ecosystem Incentives Initiative
🇸🇬 Gustav and Doo at Token2049

Let’s dive in 🏊

Committees & Councils

SafeDAO discusses introducing Steering Committees and Council Structures

This week, the Safe Ecosystem Foundation introduced a proposal to evolve the existing OBRA framework by introducing new organizational structures: Steering Committees and Councils. This initiative aims to address challenges identified in the current system, such as lack of context, unclear effectiveness of funding, and low community participation.
The proposal outlines two types of high-context groups:
1. Steering Committees (SC): Comprised of 3-5 trusted members with high context and expertise, providing strategic guidance for SafeDAO.
2. Councils: Consisting of 3-5 highly engaged individuals with domain expertise, executing strategies by proposing and managing initiatives.
Initially, two Steering Committees are proposed:
- Strategy Steering Committee: Driving SafeDAO's strategic direction
- Treasury Management Steering Committee: Developing treasury goals and objectives
Additionally, two initial strategies with corresponding Councils are suggested:
- Community Development: Fostering a vibrant ecosystem
- Governance and DAO Operations: Improving participation and governance processes
If ratified, this proposal will replace current OBRA strategies, budgets, and payout terms, although ongoing funded initiatives will not be affected. The proposal encourages community feedback and discussion to help shape this next chapter of SafeDAO.

Launch Parameters

Sky Protocol publishes Launch Season Parameters

Sky Protocol has officially entered its Launch Season. To prepare for launch, BA Labs posted a parameter update proposal aimed at ratifying key parameters for its Token and Product Launch.
The proposal includes all the technical and deployments requirements needed for launch, such as:
- Introduction of new tokens: USDS (upgraded DAI), SKY (upgraded MKR), and sUSDS (Sky Savings Rate)
- Token converters: DAI to USDS at 1:1, MKR to SKY at 1:24,000
- Sky Savings Rate (SSR) set to 6.25%
- Smart Burn Engine upgrade and pool migration
- Introduction of Sky Token Rewards (STR) for SKY and future 01 Rewards
- GSM Delay reduction from 30 hours to 16 hours
- Spell execution set for September 17, 2024, 12:00 UTC

Ecosystem Initiatives

Uniswap DAO discusses Ecosystem Incentives Initiatives

Uniswap's metagovernance team is proposing an expansion of its ecosystem incentives initiative, building on the success of UADP. The proposal aims to increase Uniswap's presence and engagement across various ecosystems where it's deployed. Key aspects of the initiative:
- Collaboration with AlphaGrowth to identify and create grant opportunities
- Replication of the successful Arbitrum incentives model on other chains
- Focus on securing grants, growth marketing, and DeFi operations
- Utilization of ReservoirDAO for KYC/KYB requirements
- Implementation of a high-impact marketing plan
- Exploration of expanded metagovernance opportunities

⟼ Links ⟻

🚀 Launches, Deployments, Partnerships, and M&A

Introducing Snapshot's Onchain Voting Protocol: Snapshot X
Introducing Edge Oracle Network: Oracles Meet Risk Engines
Lazy Summer Protocol Litepaper
Introducing Atlas
Introducing tETH
Introducing Polaris

📑 Reads, Insights, and Reports

Welcome to ZKsync Onchain Governance
Wintermute DeFi Governance Digest: September 2024 | Week 2
Starknet governance launches on Snapshot X
Stars in the Sky
Storage Proofs: Powering Onchain Governance with Snapshot X

🧗 Milestones & Updates

ENSv2: An Update on our Progress
Coming soon… stARB
Balancer Financial Report August 2024

Summary: This proposal seeks to renew the Compound Grants Program (CGP) for another 12 months with a budget of $1.375M. The program aims to fund high-quality proposals aligned with Compound's domain-specific RFPs. Key changes include extending the program duration, merging the Dev Tooling domain with New Ideas and Dapps, and introducing a new DAO Expenses domain. The proposal requests 33,133 COMP tokens to fund grants, program management, and operational costs.

💬 DISCUSSION | dYdX - Operations SubDAO 3.0

Summary: The dYdX Operations SubDAO proposes a $23.3M budget for a 36-month term starting January 2025. This proposal aims to extend and expand the subDAO's responsibilities in supporting critical dYdX Chain infrastructure, including the indexer, front ends, and validator communications. The budget breakdown includes 37% for indexer costs, 27% for personnel, and the remainder for IT infrastructure, professional services, administration, and operating expenses. The proposal emphasizes the need for a longer-term commitment to attract and retain top talent, and includes plans for team expansion and continuous improvement of operational processes.

💬 DISCUSSION | Lido - PERCH: Protocol Evaluation and Request Coordination Hub

Summary: This proposal introduces the Protocol Evaluation and Request Coordination Hub (PERCH) framework, designed to facilitate collaboration between projects/protocols and Node Operators running validators on Lido on Ethereum. The framework aims to coordinate testing of new technologies that could enhance Ethereum's resilience and performance without disrupting Lido's operations. Key aspects include setting expectations for applicants and Node Operators, outlining participation processes, and establishing requirements for alignment with Ethereum's roadmap and community standards.

From the Lab

Meet Doo and Gustav at Token2049

See you all next week at Token2049 👋🇸🇬

Catch our co-founders Doo and Gustav running around Singapore for Token2049.

DM us to meet up or just say hi 😉

Fund an Incentives Working Group

We’ve published a new RFC at Arbitrum DAO. Our latest proposal aims to establish and fund an Incentives Working Group, with the goal of enhancing the Arbitrum ecosystem's growth and sustainability by designing strategic incentive programs that work. The working group will focus on delivery of the following: Qualitative Stakeholder Interviews, Web3 and Traditional Market Research, Protocol Domain and Performance Research, Arbitrum-Specific Framework Development, Community Involvement, and more. It will comprise of notable Arbitrum DAO community members such as Matt (StableLab), JoJo, Castle Capital, 404DAO, GMX, and Blockworks Research. Total budget of the proposal is 225,000 ARB.

▶︎ Read the full proposal HERE

❲ Our Voting ❳

📆 September 6th → September 12th | 🗳️ Total Votes: 21

See our full vote history and detailed rationale HERE.

Meme

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