General Agreement, Clarification, and Support
I saw this too. And as much as I tried to say that we should take some risks early and get things moving, the DAO voted otherwise. This is a tough hurdle to get over.
This can be frustrating. It would be great to know if these delegates thought that we didn’t need to rush or that they weren’t opinionated on the subject.
Our Plurality Labs proposal hasn’t finished it’s Tally period yet, but it was approved as was questbooks’. I think we are making measured steps forward as a DAO. Once we get going you will definitely feel the momentum come back. Next week we will have some big announcements coming to start driving things forward.
The foundation has complete agency outside of the DAO being able to replace its directors. They could launch a liquidity incentive program tomorrow without asking us and it would be legitimate via authority versus the DAO needing to find legitimacy through consensus.
Legitimacy through consensus means large delegates need to see a data-driven justification for the spending they do. They need to see a legitimate process setting domains and priorities for funding. There isn’t a shortcut for this kind of work. Below, I will outline how to spark action.
Discovering How to Get the DAO Moving
I facilitated a session last week including participants interested in figuring out how to pass a liquidity incentive proposal sooner than later.
The resulting action steps were for:
- Someone to writeup the session for the forum
- Put together a working group
Neither of these happened. The participants need someone to be granted authority to drive this work AND that person needs incentive (pay) to do it!
I offered to facilitate the session as a delegate, but didn’t want to commit to further action because it is 1) out of PL proposal scope 2) to see how the participants would drive it forward 3) bandwidth constraints
Since then we learned that Plurality Labs proposal has passed. The actions we will be taking to help build out a framework will be covered in the Long-term solutions. However, we were able to drive some progress this week on the short-term scope with the knowledge that Plurality Labs proposal is passed.
To get caught up with the conversation, the overview will include:
- A Review of Last Week’s Workshop
- The Short-Term Solution Effort
- Plurality Labs Role in Building a Liquidity Incentive Framework
A Review of Last Week’s Workshop
Starting with Assumptions and Concerns
Aligning on the Session Purpose
What Questions Need Answering
We started this by brainstorming what questions had to be answered. We then merged these answers into six overarching questions. You can see the original questions on the black stickies to the left of the question box.
Twenty minutes was spent answering and discussing these questions. Then, voting was used to heatmap the answers of high importance. With a newfound shared context, we felt comfortable moving forward to the beginning of a solution phase.
Ideation for a Process to Pass a Proposal ASAP & Next Steps
The Short-Term Solution Effort
After poking the fire, the workshop group decided we do need someone to drive the effort. I offered retroactive funding to be made available from a future grant program to get this important work moving if we track hours worked and outcome.
@tnorm has made multiple meaningful contributions during this process and has been active on the forum. The group was in support of him driving this work forward. His goal is to have a proposal on snapshot within 2-3 weeks. We also hope he can provide questions which need to be asked of the DAO for creating a long-term framework.
Plurality Labs Role in Building a Liquidity Incentive Framework
A long-term framework for liquidity incentives must:
- Justify the decision to provide liquidity incentives & how much
- Identify the principles the DAO has
- Be seen as coming from a neutral arbiter
- Identify a quantitative methodology for defining success
- Minimize the need for delegates to individually grant incentives to protocols
All of these things require multiple rounds of sense-making to gather data that guides and justifies framework decisions.
Plurality Labs has been working on a September Arbitrum #GovMonth promotion which will incentivize token holders for participating in sense-making. (Announcement coming soon! Stay tuned!)