These are really exciting changes and glad to be at the forefront while they happen!
This actually seems to be a new meta in the web3 space - create a governance token but circumscribe its power to managing 5% of revenue/profits earned by the protocol. For example, Open Dollar (a CDP on Arbitrum) came out with a similar structure and we should keep tabs on how they manage things
This is really interesting, and i guess the most immediate application for the community fund would be figuring out the mini-rounds that octant should run?
It’s also really interesting that Gitcoin is now having a “matching on matching” pool so money we sponsor in running these mini rounds will be multiplied from their own corpus.
Its still early days but i’d love to see the use of “expendable voice credits” where rather than having fixed voting power for every proposal, I can accumulate voting power and spend more on proposals that matter more to me. We’d need to study the mechanics of how people can earn voting power during each allocation window by passing on their rewards to public good projects.
This is a tough one to crack, too many governance forums become theater where the main decisions happen behind the scenes over call, TG groups or DMs. Brice had a penetrating article on how it plays out in Aave’s forums
Im the spirit of openness, its cool to have meetings held as twitter spaces instead of google meet. That way, there’s more porosity in the audience that comes and listens. There are ofc disadvantages to the approach, such as not having more than 12 people as speakers and becoming more shy on such a public stage
I would still love to see some of the council meetings happening leisurely over a twitter space!