State of the DAO #2

The Past Month has been Marked by Significant Growth in the Event Horizon Ecosystem:

Jordan Karstadt

Published in

Event Horizon

3 min readJan 16, 2024

Notable Achievements:

11th Largest Uniswap Voter: The Event Horizon Community has become the 11th largest voter in the Uniswap Ecosystem with >$170,000 in UNI voting authority: Announcement

Month-on-Month Metagovernance Metrics:

+354% MoM Growth | Total Voting Authority Mobilized: $2.5M
(from $550K)
The Event Horizon protocol has placed >$2.5M of governance authority and enfranchisement directly into the hands of the retail voter, a feat not seen anywhere else in the DAO space. Across all proposals for which the Event Horizon Community has participated, the community’s cumulative voter footprint exceeded $2.5M.
+80% MoM Growth | Community Delegation Value: $450K
(from $250K)
The community governance treasury (the collection of governance authority including Uniswap, Arbitrum, AAVE, and Compound) which you, the community, control has expanded from $250K to $450K.
+11% MoM Growth | Voter Passes Minted: 123
(from 111)
With $0 in ad spend, the community has grown to include over 123 voter passholders
+116% MoM Growth | Number of Meta-Proposals Passed: 54
(from 25)
Our community members have participated in, and passed, 54 metagovernance proposals, each corresponding to Uniswap, Compound, or AAVE base layer proposals.
+265% MoM Growth | Avg. Authority Mobilized per Individual: $62,500 (from $17,124)
Each participating passholder has moved an average of $62,500 in Uniswap, Compound, and AAVE governance authority across all meta-governance proposals passed.
+265% MoM Growth | Average Authority Multiple: 20,834x
(from 5,708x)
The average pass holder minted their voter pass for a one-time cost of ~$3 in gas. When evaluated with respect to the $62,500 in average cumulative authority mobilized, each member has mobilized over 20,834x their gas cost of admission in blue-chip governance authority.
Voter Participation: >30%
Over thirty percent of our community members have participated in our meta-governance proposals. Some participants have voted as many as 51 times. Check out the latest info on our leaderboard: EventHorizon.vote/leaderboard

Yield Metrics:

*Capital Partner Program: The Event Horizon Capital Partner Program, a collaboration with* *Metronome.io, has been in operation for >3 months now.*

+16.7% | TVL: $3M to $3.5M
+50% | APR on USDC: 30% to 45%
NEW ASSETS — stETH and rETH: 25% APR
Event Horizon closed beta has launched a second staking product for its fund partners . This product offers ~25% APR on staked ETH products.

Notable Meta-Governance Proposals:

ehUNI-3 — Lower Onchain Proposal Threshold:
The Event Horizon Community voted to support the University of Michigan Blockchain Club’s proposal to lower the Uniswap proposal threshold from 2.5M UNI to 1M UNI. The initiative is intended to make proposal creation more accessible. This metagovernace proposal achieved a record high vote multiple of 8758x.

Technical Progress:

Compound Voting Added and Governor Bravo Integration
Automated Compound proposal duplication and voting had been created and launched. So far, four proposals have been process. This development required integration with Compound’s governor Bravo-based governance process.
Arbitrum Voting Added and Tally Integration:
Automated Arbitrum proposal duplication and voting had been created and will launch shortly. This development required integration with Arbitrums’s Tally-based governance process.

Community Shoutouts:

As the community expands, we would like to recognize a particularly notable member of the Event Horizon ecosystem!

tuda0612.nft: Tuda has been a massively active member of the Event Horizon community. They have voted over 51 times amounting to a cumulative $320,000 of voting power and currently hold 1st place on the voyages leaderboard: