I’d like to address some of the concerns raised here, point out cons and suggest an alternative course of action forward.
Undelegating will not solve CoI issues
- The proposer as well as the one this proposal refers to, both, themselves have conflict of interest, since they are the beneficiaries of the funds in question.
- Undelegating today will not stop or create solutions for how CoI from anyone be it the multi-sig or DAO members shall be addressed.
Instead, I propose that the relevant authorities in the DAO draft a proposal for handling CoI and enforce those going forward instead of pursuing actions retroactively
Loss of potential revenue
- Optimism’s Airdrop 3 awarded delegators who delegated tokens along with a bonus for delegators who delegated to active delegates.
- Tally recently launched it’s protocol which aims to direct the incentives of delegators, delegates and the DAO in a unified direction by enabling delegators who delegate to active delegates to earn APY by staking the native token. Many DAOs including Arbitrum, RARI, Uniswap have adopted this strucutre. Being on the forefront of governance, I strongly believe this will be quickly replicated elsewhere.
Since the DAO does not have any structure in place to continue participation in other DAOs, there is a real possibility that the DAO will loose out on any potential revenue coming out of delegating to an active delegate.
Lack of Governance Incentives
-
Running an internal meta-governance group in the DAO without incentives has NEVER been proven in this or any other DAO. Infact, more and more DAOs have launched governance incentives and the transition council itself asked for retro rewards for its governance work. Hence, redelegating tokens back to the multi-sig and expecting them to do the work is unrealistic.
-
However, delegating tokens to a professional organisation which has its independent source of revenue solves the problem of metagovernance without this DAO needing to fund active participation as has been demonstrated by DAOplomats with their 90%+ voting activity in Optimism and SAFE
If the DAO still feels that the tokens need to be undelegated, then in order to prevent a loss of potential future revenue, a ‘Request For Proposals’ (RFP) process should be initiated to procure a suitable delegate
As a final point, governance members of DAOplomats have always been highly aligned with this DAO. @WinVerse and @hirokennelly participate in the Transition Council and the learnings we get as a group from other DAOs can be applied to accelerate the progress of this DAO. Hence I urge the proposers to consider the solutions presented here in order to actually address the issue which have been flagged.