twitter, github, forum ,etc it is all centralized. how can the dao manage this, legally? does the council have a contractual relationship with the dao to make sure the council follows the will of tokenholders and manages these accounts well? how is this enforced? and what if any liability do the council members expose them selves to by taking on this role?
i have been doing research about aragon since the topic of creating a yearn dao came up and they have something called “agreements” in the works that could be a solution for this:
While this piece focuses on the Ethereum/Core Dev side, we are also focusing on facilitating better debate processes for all protocols built on top of Ethereum (including Yearn!)
We will have a DeFi community to start, and if there is enough interest, a Yearn specific community
I am against the concept of an executive council. I think this community is responsive and quick and quorum is now relatively low that we can make decisions as decisions need made often it seems in under 2 weeks.
We need better leadership and having a council is a good step in that direction. Each YFI holder can still keep their voting power. But IMHO we need some guidance from people with expertise and experience.
I agree with this and there is no indication that the governance process is not working. If things change we can re-evaluate. Making an executive council is unnecessary and will be at the expense of all YFI holders as these council members will likely receive a portion of protocol fees for the “services” that can be done by governance and are ultimately unnecessary.
I’m in two minds on this subject.
A more formal body would speed things up greatly. We can not however continue to divide up what is already limited cash flow. Otherwise we also diminish the attractiveness of holding governance tokens.
every lasting community aligns around some core manifesto. There’s nothing wrong with elders or domain experts guiding the way. There’s nothing inherently wrong with a little control. You disagree? consider for a moment bowel control.
thanks for forwarding that. It looks like to submit a proposal, I would already need to have some YFI, which I do not. I guess I’ll keep poking around and learning more. Maybe I’ll know enough to participate next time!
I made a small contribution to support you guys here! Keep it up.
I’m really glad you’re considering DAOs. I am a student of transformation and an SDLC coach. I bring holocratic/teal principles into my training.I see you guys are on the cutting edge with applied decentralized governance models.
@zeframlou
Hello. Work for a think tank here so think about governance a lot. The innovation happening in blockchain governance is stunning and I believe it will eventually change the way humans are structured from societies and nation-states to networks. The amount of talent and brilliant minds in this space is ridiculous!
I think people don’t give attention to how the innovative governance systems happening in this space have the potential to change the world outside this space.
The problem with lots of real world governance today in democracies is short term thinking (EG 4 year cycles in the US). We have to think of how Yearn can flourish in the long-run.
On Establishing an executive council
This is a great idea. However, The great thing about Yearn is that due to your voting power you feel you have a sense of ownership, fairness and a stake in the protocol. An executive council may erode that feeling.
So how do you keep the sense of ownership and agency for non-executive council members?
In the spirit of decentralization executive council meetings could be live-streamed so we can all watch-in. (Taiwan government did this throughout COVID) —This creates a sense of trust within the community, a sense of agency, and radical transparency. (live translation would be awesome for non-english speakers)
Perhaps allow the community members to vote for the executive council as well. Creating a sense of ownership, agency and trust within the community.
Would be great to have executive council members to be from very different geographical locations and backgrounds to have more diverse opinions, philosophies and approaches to governance. This would also help prevent “good friends” from obtaining power.
Man… there is so much to talk about, perhaps it would be nice to create new discussion threads with each of your points?
The Ether is meant to offer a better forum experience compared to Discourse