Flipside Governance Recap | 21 October 2022
Welcome to the Flipside Governance Team Recap! Here’s a weekly summary of heady governance activity, hard-hitting research & data analysis, sprinkled with key news from the broader governance space.
Team Highlights 🚨
- Matt Joins Flipside Governance: We’d like to officially announce the newest member of Flipside Governance, Matt Van Ommeren, joining us by way of Beanstalk and Euler.
- Episode #6 of the Govy Show: Meet Matt and hear the team discuss Maker, Mango, and the definition of a DAO.
- Ian on the Marinade Grant Committee: The committee will have three members: two from the team and one from the community. Ian has so far secured >10M votes to serve as community member with 17 hours left. LFG!!!!
Our Research and Content ✏️
- Paying in Tokens — What DAOs Can Learn from Startup Equity Compensation: Raph pulls through with the most common pitfalls of token compensation and proposes a way that would truly align with long term success of a DAO. This piece is a must read for all you eyeing DAO contribution, and remember: 👏 TOKENS 👏 ARE 👏 NOT 👏 EQUITY! 👏
Across the Industry: Governance News of the Week 📰
- A16z Maker Endgame Thoughts: A16z’s Porter Smith and Miles Jennings post in the forum the VC firm’s thoughts on how to increase MakerDAO’s decentralization while best optimizing long-term growth. A16z advocate for improvement to Maker’s Core Unit system as opposed to breaking up the protocol’s governance into MetaDAOs.
- Binance CEO Confirms 13M UNI Self-Delegation was by Accident: In a Thursday tweet CZ advised that ‘UNI transferred between internal Binance wallets, causing the UNI to be automatically delegated.’ While accidental, the delegation temporarily made Binance the second-largest entity by voting power in the Uniswap DAO.
- How StoryDAO Aims to Decentralize Hollywood — Yikes: From Hollywood to streaming services to…DAOs? In an interview with Coindesk, StoryDAO creators explain their plan to revolutionize user-generated content models and allow creators (& their fans) to co-own and expand upon intellectual property.
Flipside Governance | Analysis of the Week 📊
It’s time for some ✨introspection✨ as we take a look at the Flipside Governance Team dashboard courtesy of Jess (web3_analyst).
PSA for the noobs — Flipside Governance is a 7 member data-driven team dedicated to accelerating DAO growth through rational decision-making one vote at a time.
Our playing field spans 6 ecosystems and we govern in 15 protocols (Maker DAO, Aave, Optimism, Osmosis, Hop, Sushi, Marinade to name a few).
The total value of delegations under Flipside Governance is $17.11M with $9.58M in MKR. Best believe we’re putting our MKR to use as we’ve voted on a total of 126 proposals. The team is also extremely active in Osmosis, Optimism, and Aave having voted on 90, 35, and 21 proposals respectively.
Killer.
Flipside serves the DAOs we participate in and remain committed to their development and success. Decentralized orgs requires active governance from community members to initiate and turnaround robust improvements. As a delegate, we value transparency in all of our voting decisions and strive to lead by example.
On that note…
Flipside Governance Activity 📜
For more all round governance content, be sure to follow us on Twitter or here on Medium. We’ll keep you updated.
Hear, hear! If you dig the work we’re doing for our partner DAOs and want to delegate to us, click the links below to get to the delegation page:
If you are interested in joining the Flipside Governance team, we are always listening — DM @flipsidegov on Twitter.
