Enhance DAO governance through Liquid Representative Democracy. The Tribal Council will replace Optimistic Approval as the admin of the Optimistic Timelock, and contain members from the community, Fei Core team and Rari Infrastructure.
Lower the barrier to vetoing and increase transparency to improve execution quality and community engagement.
The Tribe DAO now governs multiple protocols and products (Rari, Fei, LaaS, Turbo, Fuse, TribalChief, Grants).
DAO governance often suffers from voter apathy, lack of community context, and barrier to participation from TRIBE holders who do not wish to pay gas. Often Optimistic Approval (OA) in its current form has unclear charters and responsibilities, due to vague snapshot authorizations and interpretations. Many trivial governance actions go through a lengthy process of proposing a draft, last call, snapshot, and an optimistic timelock. This can mean over 8 days of governance to enact small and non-controversial proposals.
So far TRIBE DAO has used the following three-tiered governance:
- The Security Guardian is currently managed by Fei Labs in a 3/7 multisig. It has power to pause the protocol and adjust critical parameters through Guardian contracts.
- Optimistic Approval is a community held 4/7 multisig on a 4 day timelock. It has power over certain protocol features such as FeiRari, TribalChief, and Laas. The timelock is veto-able by the DAO and by the Security Guardian.
- The DAO controls everything in the protocol, and will continue to do so. But more governance actions should be relegated to the other governance tiers.
The governance actions available to the Tribe DAO vary widely in terms of complexity and importance. An ideal governance structure would keep decisions closest to the members of the DAO that have the most context, and enforce transparency and checks and balances on outcomes. Negative consent a.k.a. optimistic governance is perfect for this, as it gives the community a clear way to veto decisions which are opaque or of unclear value.
This proposal would greatly improve the governance experience by relying more on negative consent, allowing specialized governance pods to form, and encouraging transparency and community engagement on the protocol level.
Maintain the existing governance tiers but expand the Optimistic Approval and Guardian to accommodate Orca Pods via liquid representative democracy. Optimistic Approval will become the Tribal Council, and snapshot requirements will be removed in favor of making it easier for the community to veto. The Tribal Council will be initially a 5 of 9 multisig, and membership should come from the community, Fei core, and Rari infrastructure with no group representing enough to reach quorum. The Tribal Council timelock will be 4 days and veto-able by the Tribe DAO, Guardian, and Nope DAO.
Liquid Representative Democracy means that a committee is elected by the DAO to operate the Optimistic Timelock with discretion. The DAO can at any time change the composition of the committee by adding or removing signers. This opens up more opportunities for the most committed community members to play an elevated role in governance.
Optimistic Pods are modular governance units comprised of an Orca Pod and an optimistic timelock. Orca is a protocol which extends Gnosis Safe to add custom functionality to multisig membership, and allow other entities to manage group composition. The pods will have limited power over areas of the protocol controlled by on-chain access control and authorized by either the DAO or Tribal Council. Optimistic Pods are still subject to veto per the normal mechanisms. Initial Optimistic Pods will include Fuse (maintaining powers of the current FuseFeeDistributor), FeiRari (maintaining powers over FeiRari) and Grants (managing the grants budget and approvals).
Optimistic Pods are a perfect way to involve community members in specialized roles where they can effect change on parts of the protocol they can become deeply familiar with. The broader community will still oversee these changes in an optimistic fashion.
Introduce a “Nope DAO” which can veto any proposal from Tribal Council or an Optimistic Pod as soon as 10 million TRIBE have voted. This would take effect immediately without a timelock. It is a distinct governance unit similar to the normal Tribe DAO, but its only function is the veto. It cannot veto the normal Tribe DAO, but the Guardian still can.
This serves as a check on the powers of the Tribal Council in addition to the guardian. Any proposal vetoed in this manner must go through DAO governance in order to execute.
In order for Veto to be truly effective, there must be a high bar on proposal transparency. A clear description of actions and links to any code used must be provided at time of proposal, similar to within the current framework. The various entities with Veto power within the community should veto any proposal without clear description of all actions and effects.
The DAO will maintain the exclusive ability to move PCV arbitrarily, mint FEI or TRIBE, and manage the primary roles of the system. The Tribal Council will maintain optimistic control over lower clearance roles, with the DAO having ultimate say over where power lies.
The Guardian will transition to a 3 of 7 pod with membership also controlled by the DAO. Its members should be full time contributors to the DAO, due to the security sensitive nature of its operations.
Fei Labs and Rari Infrastructure will abstain from any DAO votes involving a material conflict of interest, in particular elections of the Tribal Council.
- Yes this is awesome
- Need more clarity
- No way