👨‍🔬 Governance Lab #079

Lab Report #079 - Compound Growth Program Renewal, SafeDAO OBRA Rehaul, Polygon Bridge Liquidity, StablePod w/ Jack Purdy, and more

Dec 12, 2024

gm frens 👋

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

At a Glance 👀
❇️ Compound DAO considers Growth Program renewal
🤝 SafeDAO votes on new Grant Committees and Councils Structure
🌉 Polygon PoS Bridge considers $1.3B liquidity deployment
🎙️ New StablePod w/ Jack Purdy (Messari)

Let’s dive in 🏊

Growth Program Renewal

Compound DAO discusses Growth Program renewal by AlphaGrowth

AlphaGrowth has submitted a proposal to renew the Compound Growth Program for 2025, requesting an annual allocation of 108,050 COMP for business units and 55,512 COMP for working capital. The team aims to take on expanded responsibilities as key stakeholders like Compound Labs have reduced their involvement. AlphaGrowth claims they’ve demonstrated success by generating $715M in new TVL through various growth initiatives and relationship building.
The program establishes eight specialized business units, including Wholistic Security, New Assets & Markets, Rails to TradFi, DeFi Operations, Treasuries at Hedge Funds, and more. These units aim to enhance Compound’s growth and operations.
The proposal features a performance-based commission structure, offering a $5 million bonus for every additional $1 billion in TVL brought to the platform. Community members have raised concerns about the $16M upfront funding request.

Committees and Councils

SafeDAO votes on OBRA restructure

SafeDAO is voting on a significant amendment to its Outcomes-Based Resource Allocation framework (OBRA), that would introduce a new Committees and Councils structure to enhance grant allocation efficiency.
The framework establishes two key bodies: a Strategy Steering Committee (3 members) and a Grants Council (3 members). The Strategy Steering Committee, initially nominated by the Safe Ecosystem Foundation, will oversee strategic direction and the creation of the Grants Council through an open nomination process. Grant proposals will require approval from both bodies, each having one vote, with disagreements eligible for escalation to full DAO voting.
The new structure addresses voter fatigue issues while maintaining decentralized decision-making through clear accountability measures and term limits.

Bridge Liquidity

Polygon DAO proposes major liquidity deployment

Allez Labs, Morpho Association, and Yearn have proposed deploying the Polygon PoS Bridge's $1.3B stablecoin reserves into curated yield-generating strategies.
The initiative aims to address an estimated $70M annual opportunity cost from idle bridge assets while maintaining strict security measures, including a 72-hour timelock on risk-increasing decisions.
DAI reserves will be held in Maker's sUSDS, while USDC and USDT will utilize Morpho Vaults as yield sources, with initial markets including Superstate's USTB and Angle's stUSD. Yearn will manage the ecosystem incentive program through dedicated Polygon Ecosystem Vaults for each asset, with yields reinvested to stimulate growth across Polygon PoS and AggLayer DeFi.

Proposal Tracker™️

⚡ VOTING UNDERWAY | ArbitrumDAO - Treasury Management V1.2

Summary: This proposal establishes two parallel treasury management tracks requesting 26M ARB and 7,500 ETH for strategic deployment. The initiative creates a Treasury Management Committee (TMC) focusing on ARB-only strategies and stablecoin reserves, alongside a Growth Management Committee (GMC) for ETH-backed partnerships. The framework includes oversight through 3-person committees, milestone-based compensation, and integration pathways with the future OpCo structure. Voting on the proposal ends on December 19th.

💬 DISCUSSION | ENS - Reimbursement of eth.limo’s ongoing legal fees

Summary: This proposal requests $240,632.38 USDC to reimburse eth.limo for ongoing legal fees related to US federal compliance requirements. The initiative covers costs incurred while operating the eth.limo/eth.link gateway services, which have already consumed approximately $250,000 USD. Further details of the nature of legal costs have not been disclosed.

💬 DISCUSSION | CoW DAO - Funding for Development Services

Summary: This proposal requests $5.1M from the treasury to fund Nomev Labs' continued development of CoW Protocol products through December 2025. The proposale outlines a projected $7.6M in costs to deliver work in 2025. $2.4M will be rolled forward from previous allocations. The agreement builds on demonstrated success, including $359M in user surplus generated and expansion to 24 solvers, while introducing new features such as CoW AMM and network expansion plans.

💬 DISCUSSION | Jupiter DAO - Jupuary Vote #2

Summary: This proposal establishes framework changes for the second Jupuary distribution, focusing on sustainable ecosystem growth and long-term holder incentives. The initiative introduces staker allocations with historical consistency bonuses, enhanced verification of genuine users, and explicit bot exclusions.

From the Lab

Messari- Navigating the Protocol Services Economy

On the latest StablePod episode, we're joined by Jack Purdy, Director of Sales at Messari. Jack shares the challenges with B2DAO and Protocol Sales, the motivation behind his new podcast ‘Protocol Services’, why he’s so bullish on the Protocol Services Economy, and more.

▶︎ 📺 Watch on YouTube

▶︎ 🎧 Listen on Spotify & Apple

Stake with us at Kaia

For years, our team has proudly supported the Kaia ecosystem, contributing through governance council roles and as grant reviewers. As Governance Council members, we guide the platform's governance, operate consensus nodes, and promote ecosystem growth. Kaia is among the largest EVM L1s, serving millions of users.

▶︎ Secure with us and earn HERE

Stake with us at Ronin

StableLab has supported Ronin's dream since the early stages of Sky Mavis and Axie Infinity. Now, Ronin stands as the most successful EVM L1 built for game developers.

▶︎ Stake with us and earn HERE

Now Hiring: Governance Specialist

StableLab is on the lookout for a talented Governance Specialist! Join our team and spearhead protocol evolution through strategic governance.

▶︎ Submit your application HERE

❲ Our Voting ❳

📆 December 6th → December 12th | 🗳️ Total Votes: 11

See our full vote history and detailed rationale HERE.

Meme

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Governance Lab

👨‍🔬 Governance Lab #079

Lab Report #079 - Compound Growth Program Renewal, SafeDAO OBRA Rehaul, Polygon Bridge Liquidity, StablePod w/ Jack Purdy, and more

Growth Program Renewal

Committees and Councils

Bridge Liquidity

Links

🚀 Launches, Deployments, Partnerships, and M&A

📑 Reads, Insights, and Reports

🧗 Milestones & Updates

🗞️ Everything Else

📺 Podcasts, Presentations, & Listens