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progressive decentralization FTW
the Tally newsletter, issue 120
welcome back to the Tally newsletter, your weekly source for DAO governance insights. i'm coolhorsegirl and i’m so happy to be here. 🟣
simultaneous launch of protocol, token, and DAO may be fading into the annals of blockchain history. as the narrative shifts, progressive decentralization is the way forward ensuring a steady and deliberate transition towards a decentralized governance structure. Safe DAO is laying out the steps, one by one.
let’s get into it 👇
🤿 deep dive: progressive decentralization FTW
so, you launched with a non-transferable token, but you want to become a DAO. maybe you’ve taken a few votes and the community isn’t quite sure that the organization is ready to decentralize. what do you do? we’re talking progressive decentralization this week, diving into Safe’s journey through the process.
some background: since its inception in fall of 2022, the SAFE token launched as a non-transferable asset, with the power to alter this resting solely within the SafeDAO. an early attempt to shift towards transferability failed to pass voting. with some intent on decentralizing and many uneasy at the idea of doing so so quickly after launch, the community met in the middle—ah, progressive decentralization.
SEP#3 carved out a roadmap, delineating five pivotal milestones to be achieved before reopening the community discourse on token transferability. this aims to quash repetitive voting episodes while ensuring Safe’s readiness for such a crucial transition.
last week, SafeDAO hit milestone C, edging closer to revisiting transferability with only two milestones left—resource allocation framework ratification and a SEP on token utility. the phased approach mitigates risks, ensuring readiness for each governance transition.
progressive decentralization mitigates governance risks by ensuring infrastructure and community readiness before transitioning control. nowadays, launching a protocol, DAO, and token at once may be a thing of the past.
📝 what we’re reading & listening to
📄 Designing reward systems for web3 governance by eliza oak
the question of how to incentivize long-term civic participation via rewards is an important and increasingly relevant one, especially during the bear. eliza tosses up token-based versus reputation-based reward systems, and the powers attached to each associated reward in a compelling think piece.
🎥 Optimism RetroPGF Round 3 with Jonas Sieferth on GreenPill
a deep dive on retroactive public goods funding by Optimism including market dynamics, impact evaluation, and voting. aaaand what it means to be part of the public goods “multicellular organism.” interesting stuff in the era of grants.
AIPs, STIPs, what’s it all mean for the future of Arbitrum DAO? tnormm debates how “noise” (read: hype) influences the success of the early-stage DAO’s votes.
💫 DAO talk: shipping season || DT weekly ep. 61
🤭 meme of the week
Tally’s joined the $quarter-bil club—hundreds of thousands of users are coordinating together on Tally to unlock over $250m in DAO treasuries. bear market who?
~ coolhorsegirl 🐴
p.s.- you know me, going to shill my based ghouls when i can. here’s my new halloween purchase.