Thanks to everyone who joined the first Governance Working Group call!
To keep a public record of the discussion, we’re sharing the call notes below.
Treasury Management Framework
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Derek and Larry gave some background on themselves and their company Reverie. Derek was previously an investor at Blockchain Capital, while Larry was an investor at Digital Currency Group. Reverie is a company they started to help DAOs scale.
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The Radicle Treasury has roughly ~50M RAD. The treasury has a substantial amount of financial firepower, and it exists to fund contributors working on Radicle.
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Reverie discussed several approaches to using the Treasury. Broadly, the proposal put out by Reverie recommends setting up a (i) grants program (for grant requests <$250k), and (ii) a process for using on-chain governance to receive a more significant amount of funding (for grant requests >$250k).
Radicle Governance Working Group
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The Radicle Governance Working Group will discuss all things Radicle governance. It keeps all contributors working on Radicle accountable for the work they are doing.
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Abbey and Larry spoke about how to measure the success of workstreams: which initiatives are most important, how do they get stack-ranked, and what is the process of evaluating the success of governance initiatives? For example, how will the community gauge the success of growth programs (e.g., liquidity mining initiatives)?
Rabbithole (Ben Schecter)
- Ben is the operations lead at Rabbithole. Rabbithole helps crypto projects find users and contributors. Ben spoke about how Rabbithole quests work and encouraged Radicle’s community to think about how to use Rabbithole for growing usage of Radicle.
Galaxy Digital (Jon Kol)
- Jon said Radicle’s goal should be to get every DAO in the world on Radicle.
- Awareness is the first step to getting every DAO to use Radicle. As a result, it’s going to be important to find ways to grow the “top of the funnel.”
Q&A
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Q1: how will conflicts of interest be managed?
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A1: conflicts of interest are unavoidable. The best thing to do is to be transparent about conflicts and disclose them to the community.
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Q2: what are growth initiatives Radicle’s community can work on?
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A2: (i) Treasury to subsidize the creation of Radicle orgs, (ii) matching programs for once “community tokens” launch, and (iii) incentivization program for running sync nodes
Where You Can Get Involved
Want to join Radicle as a contributor? Currently, there are several workstreams being formed. Each workstream has a lead or co-leads who are responsible for taking ownership of the workstream and championing it forward.
If you are interested in joining any of the workstreams below, respond to this thread!
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Treasury Management. The Treasury Management workstream is led by Derek and Larry from Reverie. The goal for this workstream is to discuss how to manage Radicle’s treasury and establish formal processes for doing so.
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Grants. The Grants workstream is co-led by Abbey, Jenny, Derek, and Larry. The goal of the Grants workstream is to design and form the Radicle Grants Program.
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Growth. The Growth workstream is co-led by Abbey, Jenny, Derek, and Larry. The goal of the Growth workstream is to design and implement initiatives that grow usage of Radicle.