Another day, another delegate
The Tally Newsletter, Issue 96
Welcome back to the Tally Newsletter, your weekly source for DAO governance insights. I'm coolhorsegirl and I’m so stoked to be here. 🟣
Yet another Tally-powered protocol is launching a full-fledged delegation program! We’re talking Uniswap Delegate Race! On Agora voting portal, Uniswap’s first (intended annual) race has gone live with backing by 8M UNI set aside to be delegated.
Proposals this week are aplenty. Optimism heads into Season 4, backed by 4 Collective Intents, each with its own budget and scope. Rari has a potential partnership on the table and finally, NounsDAO is looking at the usual Nouns-branded fill-in-the-blanks as well as a dynamic quorum change. Let’s hop in 👇
🤿 Deep Dive: Another day, another delegate
Delegation remains HOT. We covered Optimism’s launch of a delegation cohort largely made up of university groups. We also dove into the Butter x Aave professional delegate campaign. Now, Uniswap has launched its first-ever Delegate Race!
The Delegate Race was launched alongside the launch of Uniswap Agora, “a unified and dedicated delegate portal to improve the Uniswap governance experience” funded by the UF Grants Program. Agora, a governance platform, is a governance platform that recently created a similar portal for Optimism.
So, the Delegate Race! It is the intended solution to a source of “major friction”—the difficulty of bootstrapping initial delegation from UNI holders. The race will happen annually, during which the Uniswap community can expect delegators to refresh their delegation based on updated Agora profiles. Race winners will earn massive governance power—UNI whales have pledged 8M UNI to be delegated.
The Race consists of 2 periods: We’re currently in the Profile Creation Period (‘til Friday), to be followed by the Delegation Period. Interested in entering the race? New and existing delegates can make delegate profiles on Agora by May 12th, describing their goals and values for the Uniswap ecosystem.
The profile consists of a number of questions designed for delegators to get a full grasp of what a delegate stands for. Winners of the race are meant to receive delegation for the year ahead, meaning short-term as well as medium-term plans can be enacted. Delegates must plug their past experience, intended plans for Uniswap governance, and the stakeholders they will represent with their votes.
That last one is especially cool. In the delegate landscape, it’s not always clear who everyone aims to represent. Instead of allowing delegates to claim to represent “all holders” (this is impossible), forcing each to identify the stakeholders they represent is forward-thinking. UNI holders should be excited about the increased accountability.
Voting will last from May 13th-26th, and the next race will happen this time next year. (And remember, you can always view delegates and delegate your UNI through Tally too!)
⌛️ On-chain Proposals
On-chain DAOs are decentralized autonomous organizations that operate entirely on the blockchain, using smart contracts and other blockchain-based technologies for its operations and decision-making processes. Tally believes that true DAOs operate on-chain.
Summary: Pretty self-explanatory. Renews the program for 1 season that’s been going on for 2 seasons already now. After this renewal for Season 4, protocols will need to reaffirm their commitment to Optimism governance via their own treasuries.
Voting ends: May 11th
The below are part of Season 4’s Collective Intents, directional goals that allow the Collective to align and focus, or "near-term targets. There may be multiple paths toward the target, proposed at a later date via “Missions.” Voting for each ends May 12th.
Intent #1 Budget Proposal: Progress Towards Technical Decentralization (1M OP)
Intent #2 - Council Intent Budget Proposal: Innovate on Novel Applications (6M OP)
Intent #3 Budget Proposal: Spread Awareness of the Optimistic Vision (1M OP)
Intent #4 Budget Proposal: Governance Accessibility (3M OP)
💛 Rari Foundation
Summary: $5k of $RARI to fund a Rarible DAO data pool on Oamo. Oamo is a decentralized data broker with an upcoming Beta launch. The funds will be used as incentives to RARI users who share data anonymously with the Rari Foundation.
Voting ends: May 9th
Summary: $42K to Nounify (sponsor) PizzaDAO’s 3rd global pizza party for Bitcoin Pizza Day on May 22. All funds will go to pizza purchases around the world (over 75 countries) to be distributed by PizzaDAO. Over 200k slices served already.
Voting ends: May 13th
Summary: &5,800 USDC for the development of wears.wtf, a Nounish fashion brand. Made from sustainable materials, some pretty sweet mock-ups available. CC0, meaning clothing will fall under public domain.
Voting ends: May 12th
Summary: Since maximum quorum is currently too low to have changed the outcome of any recent proposals, proposals aims to reduce max quorum from 20% to 15%. Increases success of “hell yes” initiatives.
Voting ends: May 11th
Summary: It’s what it sounds like—a computer with Nounish branding. And how cute—electrical components will be arranged in the shape of Noggles! They’d sponsor ETH hackathons with provided computers for competitions, with 30% of supply donated to developing countries and minority groups. Profits will go back into the product. Asking for $1,100,000.
Voting ends: May 10th
📝 10 Things To Read or Listen To
📄 “Governance Series: The Gold Standard of Decentralization” by Premia Finance
📄 “Elizabeth Warren Has a Lot to Say About Crypto — Try Listening for Once” by Nicole D’Avis
📄 “Snap the scams out!” by Zuza Zuber of Snapshot
🎧 “Oxcart and the Metagovernance Project” on Gitcoin Radio
🎧 “Decentralization as a Design Patter” from octopus
🎧 “Metacrisis Research with Chris Eddy” from Green Pill
🎧 “Augmented Reality Social Layer w/ Keiran Sim” from Rehash
🎧 “Christopher Goes - Amona, Namada, and the State of Privacy in Crypto” from I Pledge Allegiance
💫 DAO Talk: david @valory || DT Interview #38
🤭 Meme of the Week
The biggest names in DAO governance are coming to Tally’s Delegation Week, a 5-day event dedicated to exploring the power & potential of voter delegation in the DAO ecosystem. That means Aribtrum, Optimism, Uniswap, ENS, Gitcoin, the list goes on…
Get involved as a DAO, voter, or delegate here! We’ll see you May 22-26.
~ coolhorsegirl 🐴
p.s.- Welp, I’m stuck in Kuala Lumpur at the moment. After a shocker of a visa situation in Singapore (two letters were swapped in my surname), I got banned from their airport for trying to photoshop a better one. So I bussed to Malaysia and am waiting for a new visa to Vietnam. I feel like a sim—take with that what you will. Manifest CHG’s visa!!