Governance Group Weekly #01

Governance
1

Host: @Marcus

Date: 8th April 2023, Tue
Time: 19:00 - 20:30
Time zone: Beijing Time (UTC+8)

Meeting Links: Join conversation

Topics:

  • Progress Update
  • What’s Next
  • Actions
  • Random Talks
2

Governance Group#01

Topic

  • Governance process based on approved LIP0 proposals, output governance documents, follow up feedback, follow up metrics (turnout, voting experience, etc.) (first 2 weeks) (@Marcus ) (@Bruce Xu) - Ending Time:2023/4/16

  • Designing the Onboarding Participant Program (@Marcus ) (@Bruce Xu ) (Tongtong)

  • Ending Time:2023/4/16

  • Optimize organizational structure, help establish working groups and project teams, and output proposal reference documents (@Kahn Yuan ) (@Marcus )

  • Design three major proposal templates for generic, governance, and project proposals to help each builder develop a better proposal plan (@ray ) (tongtong)

  • Design DAO overall budget planning (@Bruce Xu ) (@Kahn Yuan ) (@Marcus ) (@ray ) (tongtong) (@martin) Ending Time: 2023/4/16

3
4
  • Governance process based on approved LIP0 proposals, output governance documents, follow up feedback, follow up metrics (turnout, voting experience, etc.) (first 2 weeks) (@Marcus ) (@Bruce Xu) - Ending Time:2023/4/16
    image
    image921×454 19.8 KB
5
  • Design DAO Overall Budget Planning (@Bruce Xu ) (@Kahn Yuan ) (@Marcus ) (@ray ) (tongtong) (@martin) - 2023/4/16

Assumed budget
4 W

  • Flexible dynamic adjustment, quarterly adjustment

** Explicitly defined: Contribution value = LXP+U**

Assuming a total budget of 4W, the ratios of U and LXP
Marcus: half U+half LXP
Bruce: 3/4 U+1/4 U
Kahn: -

LXP redemption rules.

  • Redeemed models
  • Airdrop model

New Questions

What is still missing for the White Paper in terms of governance rules
What are the hard rules for the treasury to reach a certain level of volume
How much is the target input

6

As a result of the exploration of the definition of identity initiated at the operations meeting, the governance group has explored the definition of identity

Marcus thought
Identity Definition
Keep the original definition

  • Member
  • Buidler

Points system
Buidler

  • The higher the contribution, the higher the benefits

Kahn, Ache Ideas
Achievement System
Different WGs and R&D programs can design their own distinctions

  • Governance achievements
  • Project achievements
  • Participation achievements

Bruce’s idea

There is only one status.

  • Member

Member with governance rights and Member without governance rights

  • The question of whether a Member is on the chain or not?

Martin’s idea:

  • SBT of the upgrade system: Become a Buidler by reaching a certain contribution value
  • The higher the achievement value, the greater the rights and benefits
7

Bounty tasks

  • Research on token exchange rules + airdrop model

Working Group Proposal

  • Establishment of Operation Team
  • DAO Tools group creation