Week 4: Governance and Finance

DAO Meetings
#1

Link to recording: https://twitter.com/i/spaces/1zqKVBVoygVKB

Minute Notes: Week 4: Governance and Finance - Curio Cards (EN) 🇺🇸

Submitted question responses:

Do we know any experts on governance/political systems? could we arrange a master class with them?

Yes. We can, @Daniel-Friedman has some connections with Metagov. They are a Metagovernance Project that build standards and infrastructure for digital self-governance. Simply reach out to him on Discord to arrange such an event as we’d all find this very useful.

A Study on Debian Governance and Social Organization: Study on Debian Governance and Social Organization - P2P Foundation

This thread intends to become a resource that will help the community assist in future planning. Feel free to add any notes/comments/constructive feedback you think might help build on these ideas :nerd_face:.

1 Like
#2

Great timing, I’m listening to Rug Radio right now and they’re doing a DAO 101 class, highly recommend this talk as an introduction: https://twitter.com/RugRadio/status/1494467402033209350

#3

Some thoughts on voting:

It gels everything together when we make decisions so I’d encourage we use snapshot a bit more, even if it’s just for small things in the beginning like, should we continue Town Halls on a weekly, bi-weekly, or monthly basis? - that way it really does feel like we are making decisions together as a DAO/guild.

Some thoughts about governance and legal entity:

I came across a good example of governance structure from HumanDAO, their DAO is represented in the real world, by a Cayman Islands Foundation created by the founder.

Not explicitly suggesting we do the exact same thing if there is a better alternative, but I urge we all take some time to learn consider some of the available pathways we could take to limit liability to members of the community as early as possible: Governance - humanDAO

Here’s an example of a proposal submitted to Bankless DAO: A legal entity for the Bankless DAO in the off-chain world - Archive - Bankless DAO

Wyoming has become the first US state to legally recognize DAOs and grant them the same rights as limited liability companies in a law that went into effect on July 1, 2021: https://www.wyoleg.gov/2021/Engross/SF0038.pdf

Here’s a good podcast I found from Unchained Podcast with two DAO legal experts, regarding some legal grey areas and hurdles DAOs face + frameworks DAO could potentially follow: Can a DAO Go to Court? According to Two DAO Legal Experts… Probably - Ep.254 - YouTube

In this section it is discuss how DAOs likely fall under general partnerships and can fall under a thing called Fiduciary Duties: Can a DAO Go to Court? According to Two DAO Legal Experts… Probably - Ep.254 - YouTube.

It might be a good idea to discuss what are the pros and cons of remaining in a structure where it’s a lot of mini partnerships over something like Wyoming’s DAO bill for DAOs to wrap themselves in: https://www.wyoleg.gov/2021/Engross/SF0038.pdf

All of this can be used to form a better discussion or proposal in the future, i’ll leave these resources here for us to refer back to, but i think this is an important topic for any DAO to be well read on.

1 Like
#4

Unsorted/assembled notes below, thanks everyone!:

Governance

“DAOs are run by smart contracts”

What does this look like?
Can smart contracts do other things than send transactions (fungible or non-fungible).

Governance on layer 1 ETH can be costly (gas). So perhaps these conversational DAOs will be more like L2. Whereas the L1 might be more for value transfer.

Community needs bottom-up? Or DAO architecture top-down?

Curio artist multisig – Conversation initially was off-chain with the artists. Then that was formalized.

What are the early, medium, and late-stage decisions for Curio and Curio DAO?

We’re a conversational community (mostly / at this point).

Documentation challenge?

See: MetaGov: https://metagov.org/ .

How to raise up those who are taking initiative in project-specific fashion?

Governance is for when people disagree, have different perspectives.

We can expect some governance decisions to be messy, at least from the inside.

This has happened for open source projects, and crypto.

People feeling like they are able to suggest new ideas, weigh in on ideas.

Approach most relevant Guild with idea or proposal. Then Guild can give feedback and help like incubator with growing experience.

What can the Curio DAO do? How can people stay updated with the list of what the DAO can do & how decisions are made?

What can we prioritize? How will we decide?

Finance

Top level DAO multisig, then sub addresses?

Tip bot?

How to protect security, visibility, transparency, equitable allocation, value-aligned use, etc.

Different kinds of financial transactions/operations?

Incomes:

Outflows:

Transparency + accountability + tracking of the seed funding.

Legal.

1 Like