List of Concepts:
- Maker Governance
- Maker Constitution
- Themes / Lessons to draw upon:
- Fundamental Value & Strength
- Blockchain, Cryptocurrency, Defi
- Survive Adversaries, Bitcoin & ETH Censorship resistance
- Human Governance
- Vulnerabilities
- Description:
- Smart contract bugs relate to Human bugs or vulnerabilities that lead to loss of funds.
- Full scale Governance Attacks lead to the conclusion that resiliency is first principle / primary target of design for entire system.
- Budget & Decision-making, privileges, prestige. Intersection of risk vectors
- Wasted effort, non malicous actions lead to death.
- Adversarial Mindset (purposeful attacks)
- Borrows from Fundamental Value & Strengths of Blockchain
- Dai & MKR as immutable unbiased, global, financial tools
- Constitution manifests Governance Resiliency for Politics of Governance & Operations. Malicious, planned out coordinated risk.
- Slow-moving, slippery slope of Governance Risk (0 day attacks)
- Spontaneous in opportunity to impact, embedded, unearthed and exploited.
- Cultural shifts, misalignment, structural inability to achieve results
- Solution - Better Human Alignment on Spark
- Grassroots participation at Governance Level
- Alignment Engineering via the Constitution
- Mechanisms, incentives, shared habits for the Entire Ecosystem First
- Used by all organizations at every level
- Critical for enabling Decentralization & Autonomy for a DAO
- Engineering
- Clear, simple Incentives
- Penalties
- Self-sustaining Equilibrium
- Give tools to MKR holders to Govern the DAO
- Position the Ecosystem (Workforce & Users) to grow autonomously
- Lock the healthy growth of Community Alignment
- Constitution to lock in
- Dai Stablecoin’s Public Good Purpose
- Clean Money
- Unbiased Global World Currency
- Web3 Core Tenants as base, Decentralized, Autonomous, Transparent, Permissionless
- Protocol, Governance, & Ecosystem (Relate to Engineering)
- Definitions & Delineation of roles in Gov Framework
- Strictly enforce Separation of Concerns
- Continuous Improvement & Maturity
- Scopes
- Innovation in the Ecosystem / Fringe of System
- All things in balance
- Layer 2 for DAOs - SubDAOs
- Derisk core
- Incubating & Launching
- Semi-independent
- Faster-moving, Innovation, Experimentation
- Delegation of Responsibility
- Constitutional Voter Committee
- “Standardized Voter Committees” & “Above a minimum level in Maker Governance Process”
- “Receive Various Benefits, Resources & Support from Ecosystem Scope”
- Governance Strategy Position Document - 1 per Scope
- CVC Governance Strategy - 1 per CVC (collection of all 12 scopes)
- “Internal Governance Process”
- Membership Definition of CVC
- How Gov Strat Pos Doc is created.
- Other Decisions
- Internal CVC Voting with MKR.
- CVC Subcommittee Meetings
- CVC Name, Byline, Logo
- Voter Committee
- “Minimum Level of Participation in Maker Governance Process”
- Ranks 1, 2, 3?
- Constitutional Delegate
- Delegate
- EGF
- Constitutional Conserver
- Ecosystem Actors
- Advisory Ecosystem Actors
- Research & Publishing Advise for the DAO
- Support Scope Framework Improvement Work
- Active Ecosystem Actors
- performing projects, data collection, analysis, marketing, growth, outreach, educational activities, legal, government outreach, other operational activities.
- Sybil Attack Attempt Restrictions?
- “Slippery Slope” breach?
- Governance Attack
- Reputation Based System
- Quarterly Governance Cycle
- CVC Publishes “new” or “updated” Gov Strategy for each scope,
- CVC must convene a CVC Subcommittee meeting to discuss the creation of the Gov Strat Scope Doc.
- Publicly Verified MKR Ownership
- Governance Strategy Followers
- CVC Membership Participation Rewards
- Scope Participation Metrics for Compensation
- Attend Quarterly Subcommittee Meeting
- Co-Author on the CVC Governance Strategy Position Document
- 500 MKR annual / 10.41 MKR per Scope per Quarter
- Taken from Reserve in Pause Proxy
- PREGAME: Rewards are 14 slot, giving 0.725 MKR per scope per quarter.