Flipside Governance Recap | 24 March 2023
Welcome to the Flipside Governance Team Recap. Here you’ll get a full view of what we’re up to each week, from penning proposals to publishing research to our all-important voting activity & rationales. Enjoy!
🚨 Team Highlights
Flispide Is Now an Arbitrum Delegate!
Yet to claim your $ARB airdrop? Consider delegating to Flipside Governance via our address: flipsidecrypto.eth
You may use Tally to see a wider view of our current state of delegations and delegate via their UI.
Arbitrum delegates seem to be a qualified crew of candidates, with over 900 comments on the original thread. We are confident in our ability to provide unique value and insight into Arbitrum’s growing ecosystem, sharing our reasoning in our delegate platform here.
For curious delegators, you may read more about the role of governance within Arbitrum, in their Governance docs here.
Don’t wait — delegate to Flipside today: flipsidecrypto.eth
📰 Governance News of the Week
ARB Tokens Are Live for Claiming!
Qualified wallets from Arbitrum’s airdrop have begun claiming, with 78% claimed so far. This claiming period opened yesterday, March 23 2023 at 9:00 AM ET — and so far has seen intense activity in token redemptions.
You may monitor the status of ARB claiming by using a good community dashboard here.
After claiming the airdrop, ARB token holders are able to delegate their voting power to qualified delegates, such as Flipside. Flipside currently represents 440 delegators — with this number growing. Learn more about why Flipside is the best delegate for you:
MakerDAO’s Constitution MIP Set On-Pace For Success
Preparing for the embrace of the “Endgame,” and overhaul of MakerDAO’s current governance structures, the constitutional MIP vote proposed by co-founder Rune is set to conclude on Monday. With 83% of the vote in favor, representing 122,346 MKR voting, the MIP set introduces twelve new scope frameworks for the DAO to focus on in the coming months. It introduces new governance structures, such as Constitutional Voter Committes, CVCs, which are MKR holders who represent a shared view or perspective. Additionally, it encourages delegates to remain anonymous (as of now) and subscribed to a CVC. This MIP set remains controversial with accusations of malice pointed at Rune — be sure to monitor the vote through the end on Monday.
📊 Analysis of the Week
Mounting Costs of On-Chain Voting
Prompted by discussions of paid Governance contributors — and the mounting costs incurred by delegates — Aave is evaluating the feasibility of gas rebates for delegates of certain sizes and participation rates.
Community analysts, empowered by MetricsDAO bounties, analyzed metrics around on-chain voting expenses. These analyses included queries on the average gas costs per vote, total gas costs incurred by each delegate, and the total bill of gas for Aave’s on-chain voting model.
Check out some of the results built using Flipside’s query editor:
An intriguing insight from their analyses was that voters spent more gas on YES votes versus NO votes; this suggests the network may be more inclined towards passing proposals rather than rejecting them.
They applaud this unique feature of Aave governance, noting it may, “indicate a strong consensus and agreement among stakeholders … a more cohesive community and potentially faster decision-making processes.”
Shoutout to Panda for the killer analysis — check out their dashboard and findings. You may follow the analyst from this week, here.
📜 Flipside Governance Activity
For more all-around 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.
