I don’t see the edit button, maybe it is disabled after some time, otherwise I would edit the original post.
My lessons from the DAO space.
…super slow to move.
If I was working for a traditional company, it would be simple yeah, sure, makes, sense, “easier done than said”, the thing would be accomplished in no time.
Right now I don’t feel like writing “A short (~200 word) description of the issue being addressed.”
I think that DAOs in order to be competitive with traditional organizations need to implement some optimistic execution - small things fast, only big things to be run through a vote. Now as I think about it - treasury policy and multisig is a big thing in this industry
I agree that beaurocracy and a very poorly specified HIP-5 are hindering progress, so we should be working on a better governance model that takes that into consideration. In the meantime, modifications to the contract are costly and risky, so we need to ensure proper protocol nonetheless. No one is going to forbid you going against protocol, but you might surely be challenged during the Governor stage unfortunately.
Luckily we are not a company, but a democratic organization (1 person = 1 vote).
I don’t understand why if everyone took the job, read and informed themselves about proper procedure, did their homework and proposed stuff following rules, you refuse to do the same. HIP 5 (I insist) might not be the best framework for the DAO (I’m sure it isn’t) but it must be followed to preserve the DAO.
Even if it does not require contract modifications, it is the current standard, and any hip not following protocol will not be considered valid.
You could settle this outside voting mechanisms if you want, but if you want voting, it will need hip5 compliance.
Help us do a better proposal framework.
For the record I’m in favour of this proposal.
I believe we should establish a process for these kind of claims, and then leave it at the multisig signers discretion to apply what we decide to the best of their abilities. A couple of weeks ago I’ve wrote this post where I was expecting to brainstorm about it: Ideas on how to facilitate governance. I believe the LIDO fast track process is interesting.
Some general ideas:
I believe the multisig signers should be the mission board members for now, since they are a small set of people we know well and trust.
Eventually we could have an “operations team”
Whenever the amount held by the multisig exceeds some threshold in USD, we should expect it to be converted to eth or DAI and be deposited into the corresponding vaults.
the ubiDAI or ubiETH must them be sent to the DAO treasury/governor.
If the amount exceeds a threshold in dollars, the signers need to send the tokens to the DAO treasury/governor.
maybe define some process for holding, selling/buying NFTs?
I agree that we need to reduce friction as much as possible.