Here’s an update on the first session! Thanks to everyone who joined. Link to the recording here, and here’s a roundup of the discussion topics:
Introductions
- Great to put a face and voice to names!
Transitioning Delegates to v4
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@rspa and @fig from Flipside shared that they are working on a research report via grants on ways to transition delegates from v3 to v4 effectively. Some recommendations include:
- Validators use AuthZ via a UI to delegate their voting and proposal powers to delegates.
- Helping delegates run validators.
- @Ax07 proposed looking at liquid staking providers (eg: Stride) to further distribute stake weight to a wider pool of validators to further progress decentralized decision-making.
- @Immutablelawyer proposed looking at Distributed Validator Technology (DVT) platforms as a way to expand the validator set in a cost-efficient manner. New post on this topic here.
Research-based subDAO
- @Immutablelawyer shared that he’s collaborating with a few community members on a Research focused subDAO.
- Looking to research governance tooling in Cosmos land, decentralized governance in general, legal research on entities, etc.
- Forum post dropping by the end of the month.
Reducing thresholds for on-chain vote creation
- To empower community development, @0xCLR shared that proposal thresholds were too high, and proposes to reduce these to 0.1% (1M DYDX) for the short timelock executor and 0.5% (5M DYDX) for the long timelock executor. Additionally, he also proposes to reduce the long timelock quorum and minimum yes votes from 2% (20M DYDX) to 1% (10M DYDX). Starkware and merkle proposer thresholds as well as snapshot proposal thresholds stay the same.
- Post is live now.
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Again, thanks all for joining! Will be putting out another post shortly to organize the time, venue, and topics to be discussed for the second session.