introducing proposal rewards!
the Tally newsletter, issue 121
welcome back to the Tally newsletter, your weekly source for DAO governance insights. i'm coolhorsegirl and i’m so thrilled to be here. 🟣
Tally is rolling out an experimental feature: proposal rewards! we all know the time and effort that creating a proposal requires, and we think it’s important to bridge the gap between active participation and meaningful compensation
ENS, Dope Wars, and NounsDAO all have proposals up this week—some are the standard working group paydays, and others are one-offs about game and playground production. let’s get into it 👇
🤿 deep dive: introducing proposal rewards
at Tally, we understand that crafting and submitting governance proposals can be a time-consuming and resource-intensive process. recognizing this challenge, we are excited to roll out proposal rewards as an experimental feature, offering a solution that bridges the gap between active participation and meaningful compensation.
proposal rewards allow proposers to reward those who helped make the proposal possible with a fraction, dependent on how many reward recipients there are in a given proposal, of 1% of the transfer amount.
how’s it work?
as usual, DAO contributors can submit proposal to transfer tokens on Tally. to add proposal rewards, simply turn on “Contributor Rewards.” i did it in the example below.
once the proposal is live, the community can vote on it, as normal. if the propsal passes, rewards are sent along with the token transfer.
now, let's delve into why Proposal Rewards might be a game-changer for decentralized governance:
1. incentivized participation
proposal rewards provide a strong incentive for community members to actively participate in governance. by offering compensation for the effort and time invested in crafting and submitting proposals, we hope to attract a wider range of voices and ideas, ultimately enriching the decision-making process.
2. incentive alignment
when a proposal benefits the ecosystem, it stands a greater chance of receiving positive votes, which translates into rewards. this alignment can foster a more collaborative and harmonious governance environment where proposers have all the more reason to make good proposals because they directly benefit from their passage.
3. direct reward distribution
by eliminating intermediary steps, rewards can be issued directly from the proposal itself. this ensures that once a DAO approves a transaction, the distribution of rewards is immediate and bypasses any need for separate handling or additional processes.
Tally's proposal rewards feature is an experiment in progress. we invite you to explore this exciting experiment in decentralized governance. we're committed to monitoring its impact and collecting feedback from our community!
⌛️ onchain proposals
🚊 ENS
[EP 4.6] [Executable] October 2023 Working Group Funding
summary: executes funding requests for the ecosystem working group, metagovernance working group, and public goods working group, all of whichhave passed temperature checks.
voting ends: november 9th
[EP 4.5] [Exeutable] Endowment permissions to karpatkey - Update #3
summary: this pitch spices up the endowment's game—tossing in ETH-neutral plays, liquid staking moves, and seasoned money market tactics to ride out market waves.
voting ends: november 9th
💚 Dope Wars
summary: after passing Snapshot forum, this proposal seeks to fund part 3 of the turf builder, intending to release the first MVP for the product. if you like pixel art, definitely worth a look.
voting ends: november 9th
🟡 NounsDAO
CC0 Nouns Themed Playground + Build: Spread Nouns Design And Ideology Worldwide Through Fun And Play
summary: it’s all in the name—imagine your kid climbing up some noggles and down a pixel art cat’s tail! 2 longtime Nouns are requesting ~600k in USDC for the project.
voting ends: november 12th
📝 what we’re reading & listening to
📄 Different types of layer 2s by vitalik buterin
another gigabrain post from vitalik, this time on L2s. it’s a useful dive into what he thinks matters most when distinguishing L2s: connectedness to Ethereum, determined by security of withdrawing to Ethereum and security of reading Ethereum.
📄 Temporal Governance: Pioneering Cross-Chain Protocol Governance by Moonwell
temporal governance is a novel open-source governance framework that serves as a contribution to the broader onchain ecosystem as a public good. it leverages Wormhole’s abilities while maintaining decentralization and trust minimization, and you can’t miss this one.
🐦 a take on the SBF situation by hayden adams
a reflection on the impact of both the verdict and the long-lasting reputational effects of the SBF situation. he “called it,” so to speak, on more than just some suspect finances.
💫 DAO talk: meg @ gitcoin || DT interview #44
🤭 meme of the week
Tally is partnering with How to DAO for a half-day event of talks, live panels, and networking on november 13th at DevConnect! we would love to see you there!
~ coolhorsegirl 🐴
p.s.- enjoying the london christmas markets that just went up before i head off to DevConnect in istanbul next week!
