Last Week in Governance: Sushi backs away from Optimism, Tally raises $6M seed from Blockchain Cap, Placeholder & numerous DAOs, Rari Capital announces on chain governance, and more
A roundup of some of the most interesting developments in the crypto & blockchain worlds - with a special focus on DAOs & Governance - over the past seven (ish) days.
Sushi isn’t coming to Optimism (Twitter thread)
At bare minimum, they are taking a long pause to assess if they may prefer a more neutral platform, since it was clear from discussions with Optimism’s leadership that they would be prioritizing Uniswap’s deployment first and foremost. Instead, they are considering platforms like Arbitrum, which tend to take the approach of whitelisting any team that asks.
Tally, a platform that builds governance infrastructure for DAOs, raises $6M seed round (Coindesk)
Their funding round was led by Blockchain Capital & Placeholder, but also included less traditional investors - “approximately 25% of the funding came from DAOs themselves including The LAO, MetaCartel Ventures and Fire Eyes DAO, as well as DAO-affiliated angel investors, including Ryan Sean Adams, the founder of Bankless.” This announcement follows their $1.5 round announced in March.
Rari Capital DAO announces on chain governance (Medium, Twitter thread)
“Designing DAOs is hard...What we do know for a fact is that any organisational structure needs two things:
Decision-making — Who decides what? Who decides what, who decides what?
Resources and incentives — What are the resources that exist? How are resources used to incentivise useful work, where are resources generated, where are they spent, where are new resources created?”
- more hierarchial structure, not flat. no bubbles
- onchain gov no longer votes on every tiny decision, taskforces have more autonomy
- onchain gov controls treasuries and most products
- taskforces periodically reports to onchain gov, requesting resources in bulk” (Twitter thread from @SamuelShadrach4)
Deep dive into the Mirror v2 governance model (Report by Messari)
In a report by Messari Hub analysts (commissioned by Terra, whose blockchain provides the foundation for Mirror), they discuss democratizing financial markets, Mirror (MIR) governance & tokenomics, roadmap and challenges.
Philanthropic DAOs: Creating Social Responsibility in Web3 (NASDAQ Article)
This article dives into the concept of decentralized philanthropy, making a case for the blockchain space to develop a culture of generating positive impact & social responsibility while we are still in the early days. They introduce “DAOSR”, or DAO Social Responsibility, in tandem with Donor-Advised Funds. Using a DAF, the recipient organization receives the full value of the asset, and the donor, in some cases, is able to get a tax write-off for the full value of their donation.