Today marks a big day for Livepeer, as it kicks off an accelerated phase in the decentralization of protocol governance. Livepeer’s original Path to Decentralization outlined four phases on the road to disseminating participation in the network — the initial alpha phase, distribution of stake, decentralization of governance, and a fully trustless technology migration.
While phases one and two have been accomplished, and the recent Streamflow upgrade, has made the network highly useable, reliable, and cost effective for video transcoding, today I’d like to share more information about the focused effort on phase three — decentralization of governance.
There are two sources of detailed information about the beginning of this effort:
The Founder’s Statement is meant to share some of the principles behind the origins and development of the project in the first place. While there’s no official constitution or governing document, the idea is that those who are contemplating philosophical decisions that relate to the future governance of the protocol can look back on this statement as a reference, and use its principles as a guiding voice in their decision making. It addresses principles such as prioritizing practicality, technical first decision making, and clearly defined and documented governance processes. Give it a read.
The Roadmap Proposal outlines the steps the community can consider taking to get from where we are today, to fully decentralized governance. In particular, it focuses on the first milestone, which gives the community the clear processes and tools for initial participation, and explains how these tools can be used to extend governance itself to some of the further milestones.
Join the governance call that we’re hosting on Tuesday, March 17 at 12:30pm eastern time. Request an invite by emailing firstname.lastname@example.org, or in the #community-governance channel in Discord.