Onchain Organization Alliance

An update from the Governance Team at @onchain_org, discussing ranked choice delegation (RCD): (1) we're soliciting feedback (esp from DAO delegates, architects, and operators) (2) we're looking for onchain organizations interested in piloting this program

An update from the Governance Team at @onchain_org, discussing ranked choice delegation (RCD): (1) we're soliciting feedback (esp from DAO delegates, architects, and operators) (2) we're looking for onchain organizations interested in piloting this program

The #SBC24 DAO Workshop (aka DAO NYC) had rich discussions, lots of room for conversations and short lightning talks: This is how an event should look like! Thanks to @TheDRC_, @metagov_project, @tallyxyz for organising and a big shoutout to @dao_officer! 🧵The talks:

"There are a lot of examples of people trying to do more wilder governance mechanisms (...) @Solana experiments are far more interesting (...) People in @ethereum land don't spend enough time looking at Solana stuff." - @tarunchitra @gauntlet_xyz Do We Need Better DAO Governance? - The Chopping Block youtu.be/xm-HVLSLR5w?si… @deanmachine @Realms_DAOs @MetaDAOProject #futarchy #DAOs

I co-founded a company focused on DAO Operations. @EntropyAdvisors is the first of its kind in this regard. So, it probably begs the question to many, WTF is DAO Ops? At Entropy, we focus on 4 key areas. 1️⃣ 𝗖𝗼𝗼𝗿𝗱𝗶𝗻𝗮𝘁𝗶𝗼𝗻 DAO's are made of up of a large number of global and diverse delegates and contributors. Most of the time, a DAO's key stakeholders will have different motivations, incentives, and visions for the protocol. We are talking anons, lawyers, public goods supporters, VCs, liberals, conservatives, dev teams, service providers, airdrop farmers, protocols, et al. This isn't your traditional Ops Consulting. Step 1 to an effective DAO is building a "workplace" that facilitates camaraderie and rapport (maybe even a little tribalism lol.) 2️⃣ 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻 With such a large number of people working and no enforced organizational structure, we need to ensure that redundant work is mitigated. Delegates need visibility into what people/orgs are working on and be able to give input along the way. Step 2 is creating an organized systematic approach to work and a communication mesh layer. 3️⃣ 𝗔𝗹𝗶𝗴𝗻𝗺𝗲𝗻𝘁 Next, we must get the DAO to align on a vision, mission, and strategic goals for the DAO and protocol. Step 3 is walking the thin line between leadership and stepping on toes in order to make sure everyone is a little happy, and a little pissed with the solution. Alignment follows the sentiment "A good compromise is when both parties are dissatisfied," although this case, more like 10s/100s of parties. 4️⃣ 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗖𝗵𝗮𝗻𝗴𝗲 Once we have created a DAO with delegate rapport, a communication mesh layer, and an as much alignment as possible.. We can finally focus on what matters most, driving changes that further the protocol towards its strategic goals. We can bring in tactical partners, change protocol parameters, introduce RFPs, set up new "Sub DAOs," support ecosystem projects, drive new tech, move toward operational sustainability, and so much more. At Entropy, we consider this the fun part, where we get to make quantifiable impact on one of the most important protocols in the space: @arbitrum.

THE RISE OF THE PROFESSIONAL DELEGATE ORGANIZATION A handful of firms like @StableLab, @labsGFX and @PGovTeam have set up teams whose primary purpose is to represent token holders' interests in governance matters. They're concerned with gov structure, intervention, and resolution PDOs are one type of an Onchain Organization that are generally centralized, legally incorporated, regulated, permissioned, and run by a small team of full-time professionals. Various token holders delegate their token votes to these parties. Sometimes there is direct compensation, other times, they receive payment from the protocols themselves for their active participation Other companies have added a kind of "Professional Delegate" service in addition to an existing service, product, or business: @karpatkey, @gauntlet_xyz , @llama, and @hi_Reverie There are also quite a few University blockchain clubs that act as professional delegates (many of which have received delegated tokens from A16Z, who stays out of governance matters) DAOs have demonstrated extremely low voter participation (apathy, inability to track dozens of holdings, etc) and this has led to numerous governance exploits... Hopefully Professional Delegate Organizations are a part of the solution One thing is certain: onchain representation, voting, and delegation must make substantial improvements from the current state

Update on the Compound Governance Attack StableLab is actively monitoring and collaborating with key DAO stakeholders to ensure a resolution. This situation highlights the importance of Governance security. The Compound Governance Support Working Group, which we are part of alongside @AranaVentures and @PGovTeam had measures to prevent such incidents that were already in the pipeline and were soon to be implemented. Governance security remains our top priority.

Sharing my talk on “Network State Realism”, where I introduce the concept of the *Fifth Estate* as a (IMO) more strategically viable alternative to the network state framework. Link to my supporting essay in reply. Many thanks to @buildcities @angelo_a_jr and @vdao for hosting. TALK SUMMARY 1) The network state framework has failed to materialize (and will continue to) because of one flaw: Idealism — too exit focused (doesn’t scale) and politically unrealizable (has no mechanism for legitimacy and recognition) 2) The “Hard Problem” of network states is international law, not tech or community or “pop ups” (those are necessary, but not sufficient) 3) To solve it, we need to create a strong mechanism for legitimacy and recognition upfront. 4) My proposed mechanism is simple: Legitimize the Network—NOT specific network state projects—as a new spatial and legal order. 5) International law is fundamentally about the (re)conceptualization and governance of Space (Schmitt’s “Nomos of the Earth”). 6) The Internet has emerged as a new Space: a planetary spatial order existing in parallel to and unconstrained by nation states. 7) This space is not “no man’s land”. It has been settled by billions, hybridizing national sovereignty and territorial integrity — this settled network is what I call the Fifth Estate. 8) The Fifth Estate is a new power. It is a spatial order, but not yet a legal order. By expanding the legal convention of self determination from sovereign states-only to include the “sovereign” Network, the Fifth Estate can eventually be recognized as a legitimate governance “authority” in the international system. 9) To achieve that, we need a deliberate project of shoring up the coordination and legitimization of the Fifth Estate. We need to build the tech stack (self sovereign ID, digital public infrastructure, etc) and legitimacy stack (policy, advocacy) of the Network. Anything else is fundamentally unserious and LARP. Read the essay below for a more detailed account of the idea, and reach out if you’re interested in helping bring this vision about.