Governance Workshop 7.13.22

Governance Workshop 7.13.22
Governance Workshop is a biweekly, open meeting where we discuss specific proposals that are in progress and workshop new ideas about Rook's governance process.

To participate in the calls and ask any questions you may have, join our Discord!

Proposals & Drafts

  • KIP-26 voting is in progress. This proposal is to extend KIP-12 and KIP-21 to continue to empower key decision-makers to expand and organize the DAO. [0:20m]
  • Two proposals are up for discussion: Testing Wallet and Treasury Charter. [1:00m]
  • The Testing Wallet is designed to give the Treasury team a budget for internally testing the protocol, rather than rely on data and usage from third parties.
  • The Treasury Charter aims to serve as a “North Star” for the treasury’s vision.
  • The Q3 Labs Budget aims to reintroduce mission-based budgeting and is under development. [3:00m]
  • Non-Core Asset and Bancor Fund Withdrawal proposals are ready to be published in the next 24 hours. [4:00m]
  • An Optimism Gov Fund proposal is active on the Optimism forum. Please comment to support this initiative! [6:40m]

Current Events

  • The Product team is working on UX testing on the trading app. Please visit Maze to participate in this initiative. [8:20m]
  • Governance reform is underway, including templates and standardizing KIPs. [9:15m]
  • The Overall Process KIP empowers a set of governance stewards to enforce standards and move the governance process forward. [24m]

Sophon Discussion [17m-40m]

  • The Sophon Framework outlines the roles and responsibilities of Sophons, and formalizes their value to the DAO. The Sophon onboarding/offboarding process will be broken out into another KIP.
  • Hazard: Sophons are expected to execute the mission of the DAO on behalf of the various stakeholders. Due to their subject matter expertise, Sophons are in a position to educate token holders and act as representatives of the protocol itself. [19:30]
  • The Sophon nomination process may be similar in design to delegates or council members from other DAOs, so lessons may be learned from other models.
  • Sophons originated from the community and core contributors. Part of Jason’s proposal includes requiring Sophons to provide rationalizations for their arguments. [25m]
  • Above Average Joe mentions that from his experience in Bankless, Sophons should act in the interests of their constituents, and the onboarding/offboarding process provides the checks and balances needed to maintain accountability. [29m]
  • Sophons should review proposals and act on behalf of the protocol and community while also using their expertise to act as “white blood cells” against poor proposals. [30-35m]
  • Jason, AAJ, and aia believe Sophons should be compensated for the work in order to incentivize high-caliber individuals, but appropriate checks and balances should be in place (for example, a requirement to hold ROOK or xROOK).
  • There is much discussion around handling toxic or malicious Sophons, particularly during off-boarding. For example: who stands above the Sophons to intervene in a hostile situation?
  • Hazard points out that the failure mode is not extreme, since a KIP could always be created to deal with the toxic Sophons. They could prevent consensus, but they cannot execute malicious code. “The worst that can happen is that nothing happens.” [50m]
  • “Do not muzzle the ox that grinds the grain” – Above Average Joe (Deuteronomy 25:4)

Schedule Changes [57:00m]

  • Treasury Tuesday will continue every Tuesday as usual.
  • The Gov Workshop will be moving to bi-weekly (twice a month); odd weeks will be used for Community Office Hours.
  • The Friday Town Hall will be rebranded as “Rook DAO Status Update” to discuss the high-level updates from each team and move to a biweekly cadence. Odd weeks will be used for events such as Twitter Spaces, AMAs with other teams, etc.

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