delegation with a side of incentives
the Tally newsletter, issue 122
welcome back to the Tally newsletter, your weekly source for DAO governance insights. i'm coolhorsegirl and i’m thrilled to be here. 🟣
delegate incentivization is becoming increasingly relevant and Rari DAO is kicking off incentives for BOTH delegates and delegatooors. it’s a unique system that could set a precedent for governance participation across the ecosystem going forward and we’re here to break it down.
few proposals coming off of devconnect this week, like STIP funding for successful proposals that didn’t make it before the 50m ARB ran out last round and an ever-evolving game from Nouns, just like the NFT collection itself. let’s get into it 👇
🤿 deep dive: delegation with a side of incentives
fighting low voter turnout, one of DAOs’ greatest threats, is top priority for Rari DAO. it’s incentivizing delegates and delegatooors in its latest proposal, passed just earlier today. this move aims to compensate already active delegates while increasing governance participation.
here's the deal:
delegatooors: the more you delegate your veRARI, the more you're rewarded
delegates: the more delegations you receive, the more you’re rewarded
why does this matter?
more votes, more voices: this isn't just about numbers; it's about getting everyone in on the action. more votes mean more voices heard, increasing the decentralization and democratization of Rari DAO.
the anti-bad actor shield: low voter turnout can lead to security concerns when some feel they can attack the DAO without much recourse. higher turnout and more activated holders will help keep those sneaky bad actors at bay.
attracting the crypto-curious: let’s face it, the PR from delegate AND delegatooor incentivization is a good look for Rari DAO. if you’re looking to buy a DAO token, incentives for delegating may draw you in.
expertise enhancement: got $RARI? don’t know what do with it? delegate it to those incentivized to breathe Rari DAO governance, which will ultimately lead to better, more well-informed outcomes for the DAO.
more participation equals a stronger, more robust community. incentives may be the way to do this. the proposal will directly increase veRARI delegation and total votes cast on proposals, which may have trickle down effects—like increased legitimacy of the DAO, shareholder interest in the community, and enhanced decentralization. and who doesn’t want a bit of reward for doing their part in upholding these standards?
and hey—Rari DAO is using Tally’s proposal rewards! they’ve allocated 4,000 RARI (1000 RARI per working group member for their work in organizing and designing this program). upon passage of the proposal, RARI was sent to these awardees alongside that allocated onchain for delegator and delegate rewards.
⌛️ onchain proposals
💙 Arbitrum
Proposal to Backfund Successful STIP Proposals
summary: proposes a one-time backfund to all "approved but not funded proposals’’ from Arbitrum STIP, which increases the total budget by 21.4M to 71.4M while increasing the total participating protocols by 26, for a total of 56 funded projects.
voting ends: december 3rd
Empowering Early Contributors: The community Arbiter Proposal
summary: this proposal rewards 24 early contributors to Arbitrum ("arbiters”) with 22k of ARB each. check out their long list of contributions to the DAO over years.
voting ends: december 6th
💚 Gitcoin
workstream budget requests, all ending november 26th
S20-S21 GSD Workstream Budget Request, for 511.87K GTC
S20-S21 GPT Workstream Budget Request, for 227.23K GTC
S20 MMM Workstream Budget Request, for 193.87K GTC
🟡 NounsDAO
One Noun, Every Day, Forever... in an Action Rogue-Lite Game! V2
summary: 75k USDC to deliver an indie Nouns game optimized for replayability. just like how each blockchain hash determines the traits for each Noun every day, the game will use a game seed to generate new elements for a each game, every day.
Voting ends: november 23rd
summary: pause the burn of book value originally meant to mitigate arbitrage in the short-term. can always be unpaused later on.
voting ends: november 25th
📝 what we’re reading & listening to
📄 OpenAI announces leadership transition
draaama. sam altman is out as CEO of OpenAI, and the circumstances are weird to say the least. notably, he’s been ousted by the board due to the vague explanation that “he was not consistently candid in his communications with the board. sam has taken to Twitter to state that he can’t say more or they’ll go after his shares. this rabbithole is deep.
🎥 the top post on friend.tech is speculation by anquetil
good intentions or not behind friend.tech, the current top post is speculative, which some think is a testament to what has plagued friend.tech’s potentially good intentions since the beginning.
🐦 hostile governance attack on the remnants of Indexed Finance treasury by functi0nZer0
grifters gonna grift. someone tried, unsuccessfully, to grab the 36K in DAI and 48K in NDX (before slippage) from Indexed’s treasury even as the project shut down about 2 years back.
💫 DAO talk: jaris @bankless DAO || DT interview no. 45
🤭 meme of the week
~ coolhorsegirl 🐴
p.s.- tommy, dennison, raf, and i repped Tally last week at devconnect in istanbul! we’re keen to keep the chats going—all of our telegram DMs are open for follow-ups!
