Inspired by the AMA with @Teo and @emilianobonassi today on TRS and with a solid multi Leagues framework to lead development and implementation of the 2021 roadmap, I would like to jumpstart a discussion about what might come next in Idle Governance.
The existing Idle Governance Model was inspired by renowned protocols like Compound, Curve and Synthetix.
Today I would like to propose that the Treasury League Committee reaches out to Balancer (maybe @Fernando can help bring Jeremy Musighi to the discussion) , ElasticDAO, DXdao and other key players like OpenLaw and Otonomos to discuss not only possible B2B integrations but equally important DAO Governance integrations between protocols.
These open dialogs can shape the future and solidify Idle’s position as a DeFi Leader.
“DAO2DAO” relations and collaboration mechanisms research was pioneered by BlockScience and Curve Labs and PrimeDAO together with Balancer, recently developed their first DAO2DAO pool.
These DAO2DAO pools can be used to foster deeper cooperation between DAOs and some use-cases examples include:
- Shared liquidity.
- Mutual skin in the game.
- Syndicate funding (joint ventures that fund a common goals).
- Co-governance (DAO2DAO pool tokens can be used to govern the relationship between the DAOs and the products that are created as a result of the DAO2DAO collaboration).
- Co-farming
ElasticDAO is inspired by Moloch + Aragon + PieDAO + AAVE. In the elasticDAO model each time someone joins a DAO, the tokens rebase up automatically, maintaining each member’s voting power and relative balance which means: money does not buy influence and work is equal to liquidity.
DXdao’s new Governance 2.0 system aims to achieve the best of both token and reputation-based governance systems. It requires both DXD (capital token) and REP (reputation token) to pass proposals. To achieve this each governance participant has a “DXD Influence” and “REP Influence” score.
Finally, on the topic of Governance, Wyoming has become the first state in the US to address the legal treatment of DAOs by applying a limited liability company (LLC) status (limiting individual liability).
This might bridge digital, distributed organizations and traditional corporate structure.
It’s important that the Treasury League Committee jumpstarts these discussions and reaches out to key players that can help shape the (near?) future of the Idle ecosystem.