Kusama’s Multi-Tier Governance listed on DeepDAO
Kusama, from the Substrate and Polkadot ecosystem, represents a radical experiment in on-chain governance * With Kusama on board DeepDAO is embarking onto the multichain world!
Kusama is Polkadot’s wild cousin, but we’re not getting into who’s cooler at this stage. Kusama is built using Substrate with nearly the same codebase and infrastructure as Polkadot. The on-chain governance system employed in Kusama and Polkadot represents one of the most interesting experiments in blockchain governance.
Kusama debuts on DeepDAO’s dashboard at #7 in treasury size, #3 in proposals, and #3 in coin holders. The protocol’s current (9.1.2021) KSM coin market cap is almost 3.5B USD.
Citizens, Government, and Emergency Response
One unique feature of Kusama and all Substrate organizations is multi-tier governance that somewhat mimics the separation of jurisdictions practiced in modern democracies.
There are two major governing bodies: Democracy and Council, and a fast response group called the Technical Committee. The Democracy / Council structure should be familiar to most of us. The larger body is made of the entire coin holders community, which is akin to a country’s citizenry, and the Council with its elected members — 19 in Kusama’s case — is similar to the modern government.
The third body comprising the Kusama governance is the Technical Committee, charged with executing emergency fixes and patches. It has only 3 members, and since it needs to act fast proposals created on the Technical Committee are by default approved, unless another member of the committee rejects them. As seen on Kusama’s data on DeepDAO most of the proposals by the technical committee are approved and executed.
DeepDAO now Lists Organizations
Listing Kusama goes hand in hand with moving our dashboard to a structure of Organizations at the top, and DAOs under it. The need to do that stems from many companies and groups in the governance ecosystem that are now managed by multiple DAOs, each charged with a different set of rules and responsibilities. For example in Kusama’s case, the Council is overseeing the treasury, and so the ~150 million USD in it is listed under the council. The Democracy DAO, on the other hand, has full jurisdiction over the protocol itself, but not over the treasury.
Other organizations with multiple DAOs use them in various structures, as rich and nuanced as any other structures humans build when they organize.
To see ongoing proposals on Kusama, and all other DAOs on DeepDAO please visit our Governance Feed.
About DeepDAO
DeepDAO is covering both financial and governance data on 100+ top DAOs. Our data covers major platforms such as Compound, Snapshot, Gnosis Safe, Aragon, Moloch, DAOstack, OpenLaw, Colony, Kusama, and independent DAOs. DeepDAO is continuously expanding coverage to other chains and governance platforms as well.
Supported by great firms in crypto, including LD Capital, YBB,Hypersphere, DFG, Moonwhale Ventures, Morningstar Ventures, SevenX Ventures, AU21 Capital, TRGC, JRR Crypto, Incuba Alpha, Bitfwd 比特未来 , Mr. Block, The Illusionist Group, Puzzle Ventures, PAKA Capital, Kernel Ventures, Lancer Capital, Waterdrip Capital, LVT Capital, Infinite Decentralization Capital, Kolektivo Labs, Moon Capital, BlueHelix,ArkStream Capital, ID Theory, DAO Maker, Ellipti, Stratos Technologies and others.
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About Kusama
For more information on Kusama, visit its website (https://kusama.network/#). Use the network with Polkadot JS ( https://polkadot.js.org/apps/#/explorer), see the code on the Polkadot Github (https://github.com/paritytech/polkadot/), or see the network in action over the telemetry service (https://telemetry.polkadot.io/#/Kusama%20CC2). To learn more about the on-chain governance design and treasury, visit Kusama’s and Polkadot Wiki here.
