👨🔬 Governance Lab #073
Lab Report #073 - Compound Governance Metrics Analysis Request, Synthetix Reboot, Ethena Ethereal Integration, StableLab x RootstockCollective, and more
gm frens 👋
welcome back to the Governance Lab, your weekly source for all things StableLab, DeFi, and DAO Governance.
At a Glance 👀
💯 Compound DAO requests governance metrics analysis
🚚 Synthetix proposes major governance overhaul
⚓ Ethena approves Ethereal integration
🫚 Announcing StableLab x RootstockCollective
Let’s dive in 🏊
COMPOUND
Compound DAO requests governance metrics analysis
The Compound Governance Support Working Group (GSWG) has put forward a proposal requesting a comprehensive analysis of delegate voting patterns and their impact on the Compound ecosystem. The initiative aims to provide the DAO with a metrics-driven evaluation of delegate behavior and voting patterns.
Key aspects of the proposal include:
Grant of 10,000 USDC for the chosen team
Development of a standardized framework to track delegate participation, proposal outcomes, and impact on key protocol metrics
Creation of a public dashboard for real-time insights
Analysis of allocation patterns, utilization, success metrics, and overall impact of delegate actions
Applications are open until October 18th, with team selection scheduled for October 25th.
SYNTHETIX
Synthetix proposes major governance overhaul
Synthetix has unveiled a proposal called "SR-2: A Synthetix Reboot," aimed at addressing the project's declining relevance in DeFi markets and reinvigorating its ecosystem. The proposal outlines a thorough restructuring of Synthetix's governance and operations to enhance performance and reclaim its prominence within the DeFi landscape. Synethix is plagued by challenges including underperformance of the SNX token, declining protocol revenue, and missed development deadlines.
Key elements of the proposal include:
Establishment of a new Spartan Council with 7 delegates, replacing the current 17-member structure
Formation of core working groups to optmize operations
Launch of the Synthetix Foundation to enable better engagement with partners and service providers
A refreshed vision and roadmap for Synthetix, with clear objectives set for 2025
At the time of writing, the proposal is poised to pass a Snapshot vote.
ETHENA
Ethena reviews integration reqest from Ethereal
Ethereal, an innovated integrated spot & perpetual futures DEX, has put forward a proposal for direct integration with Ethena's governance and ecosystem. Built on the upcoming Ethena Network and leveraging USDe, Ethereal aims to offer a fully onchain platform for managing spot and derivative positions backing USDe.
Key elements of the proposal include:
Integration of Etheral into Ethena-related reserve management
15% allocation of potential future Ethereal governance tokens to circulating ENA holders
Enhanced transparency and decentralization in USDe backing management
High-performance architecture capable of processing 1 million operations per second
On Thursday October 3rd, a temp check vote passed with 99.7% in favor of the potential integration. However, the final decision is still pending Risk Committee approval and due diligence.
Links
🚀 Launches, Deployments, Partnerships, and M&A
USDS is now live on Aave v3
Grayscale launches Aave fund
Gnosis launches rebrand
EIGEN token unlocks
📑 Reads, Insights, and Reports
The WBTC Drama
DeFi’s Breakthrough Moment: Inside the Financial Transformation of EtherFi, Aave, Maker, & Lido
Modular Markets for Lending
🧗 Milestones & Updates
Morpho DAO Transferability Discussion Recap
dYdX v3 Sunset - Governance & Token FAQs
Uniswap DAO Treasury Delegation Round 2 Ideas Thread
🔒 Security, Risk, & Hacks
🗞️ Everything Else
Optimism Measuring the Concentration of Power in the Collective
Arbitrum Treasury Management v1.1
Announcing the UF Grantee Delegation Program
📺 Podcasts, Presentations, & Listens
Proposal Tracker™️
⚡ LIVE | Uniswap - Uniswap Accountability Committee S3 Elections
Summary: This proposal seeks to elect two new committee members to the UAC for Season 3. Candidates were asked to apply on the forums, with their pitches available for review. The top two winners will join the committee. Candidates include Jojo, Alice Corsini, Sov, Alex Duckworth, Doo, and others.
💬 DISCUSSION | Aave - Renew LlamaRisk as Risk Service Provider
Summary: Here, LlamaRisk proposes renewal of their role as Aave's risk service provider for one year, requesting a monthly budget of $75,000 (total $900,000). The LlamaRisk team plans to extend their services to include risk monitoring, RWA integrations, governance participation, and enhanced legal research.
✅ APPROVED | SafeDAO - Implementation of Transition Period for Committees and Councils Structure
Summary: This proposal outlines a plan to implement a transition period for SafeDAO's new Committees and Councils Structure. Key aspects include signaling support for the new structure, temporarily pausing new OBRA initiatives for Season 4 Sprint 1, and extending the soft launch provision for the entire Season 4. The proposal aims to allow sufficient time for proper consideration and alignment of the new structure, prevent confusion from overlapping governance frameworks, and provide flexibility for refinement based on feedback.
From the Lab
StableLab Partners with RootstockCollective
Today we are thrilled to announce a parternship with RootstockCollective, a first-of-its-kind Bitcoin DAO!
As part of our engagement we will collaborate closely with the community to facilitate governance operations and support the ecosystem development of the Collective, empowering its users and builders. With this new partnership, we're excited to bring our expertise to the Bitcoin ecosystem and help drive the next phase of Rootstock Collective's evolution.
▶︎ Read the full announcement HERE
Nneoma on Nasdaq TradeTalks
Nneoma joined Jill Malandrino from Mainnet on Nasdaq TradeTalks to discuss protocol governance and leveraging data-driven insights.
▶︎ Check out the full clip HERE
New Forse Terminals now LIVE
Two new Forse terminals have just gone LIVE!
Gitcoin Terminal explores how Gitcoin-Arbitrum Partnership grants performed across metrics such as efficiency, engagement, and user participation.
Jokerace Terminal dives into Thrive-powered Jokerace contests, showcasing their reach, engagement, and overall performance.
▶︎ Explore these terminals and more HERE
❲ Our Voting ❳
📆 September 27th → October 3rd | 🗳️ Total Votes: 18
See our full vote history and detailed rationale HERE.
Meme
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