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The End of the Blame Game(?)
The Tally Newsletter, Issue 85
Welcome back to the Tally Newsletter, a weekly publication focused on DeFi and DAO governance. We’ll keep you updated on key proposals, procedural changes, newly launched voting systems, and shifting power dynamics in the Tally ecosystem. We’ll also recommend the most important reads and listens of the week to ensure you’re an informed citizen of web3.
I’m coolhorsegirl, a DeFi native and the newest member of Tally’s newsletter collective. With prior experience at Index Coop, I’m interested in DAO governance and general DeFi innovation aimed at maximizing decentralization.
This week, we’re diving deep into a Uniswap proposal aimed at solving a big issue. in for decentralized organizations: lack of accountability. In this issue, we cover UNI’s Accountability Committee proposal and a few more on-chain proposals up for voting from Nouns DAO and its lil version, Lil Nouns.
🤿 Deep Dive: The End of the Blame Game(?)
It’s a commonly condemned but seldom analyzed fact: decentralization breeds a lack of accountability. Decentralization re-orients the flow of power. When there is no central source of power, there is also no central source of accountability. This precipitates one of crypto’s, and life’s, most frustrating past times: the Blame Game.
Simply put, the Blame Game involves finger-pointing with the goal of self-preservation. Famously, SBF failed in his attempt to do so because FTX was a centralized company. The central point, him, was largely accountable for the mistakes of the company. In decentralized organizations, accountability is not so easily placed.
In a space so ethically driven by the positive outcomes of decentralization, it’s important to recognize, and work to solve, the negatives. Uniswap is giving it a shot with a proposal for the Accountability Committee for Licensure and Deployments for Uniswap DAO. It would be “tasked with overseeing the operational development of partnerships and agreements involving Additional Use Grant requests and deployments of Uniswap V3 on other chains.”
Proposed on the 7th by Laura Lotti of Other Internet, the initial committee will have 5 members and a duration of 6 months with initial proposed members from Tally (😉), Stanford Blockchain Club, she256, StableLab, and Consensys (with more hopeful candidates in the comment section). Members would be voted upon and confirmed before an on-chain vote to implement such a committee.
Things are looking good for the creation of Uniswap’s Accountability Committee. The Uniswap Foundation is keen on implementation, pointing out the necessity of transparency of committee happenings. And the next step is a temperature check.
Yes, it’s just a committee. But the implications of forming an official body aimed at preventing (and potentially, in some future iteration, solving?) such a prevalent problem are massive, even if just a few more DAOs copypasta the idea.
⌛️ 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: Cool tech, cool experiment. Finish development, testing and deploy a generalized NFT random distributor which enables proposals to distribute current and future NFTs in the Nouns treasury.
Voting ends: February 23rd
Summary: Stock up on Nouns DAO’s comic book, Nouns: Nountown, for storage in ComicsDAO’s U.S. warehouse that can ship as distribution centers run out of stock. Uses a best estimate of industry veteran Adam Fortier.
Voting ends: February 25th
Lil Nouns DAO
Summary: Simple: bring Nouns DAO's V2 upgrades to Lil Nouns. Highlights: dynamic quorum, votes with gas refund, improved vetoer change process, and a few bug fixes.
Voting ends: February 21st
📝 10 Things To Read or Listen To
Article: “‘Sam? Are you there?!’ The bizarre and brutal final hours of FTX” by Joshua Oliver
Article: “We read 59,000 DAO forum posts, so you don’t have to…*” by Raphael Spannocchi
Thread: “There’s been a massive shift in the NFT ecosystem.” by OpenSea
Thread: “Consumer token airdrops will resemble web2 incentive programs” by Li Jin
Thread: “Bankless Card is getting more decentralized” by BanklessDAO
Twitter Space: “Discussion: Onboarding Governance” by Coordinative
Video: “Kraken to end Staking-as-a-Service program” from Gary Gensler
Podcast: “Collective Accountability and Lucid Dreaming with Gabriel Tumlos of Mochi” from DAO or Never
Podcast: “Making the Internet Less Lonely w/ Gabby Goldberg” from On the Other Side
Podcast: “chris @ Tally || DT Interviews #34” from Tally
💫 DAO Talk: the on-chain renaissance | Weekly Ep. 35
🤭 Meme of the Week
Also, the Tally API is officially live!! Now, you can:
query on-chain Governor DAO data
list Governor contracts, on-chain proposals, & accounts with delegations, and
head over to the Tally API developer portal, generate an API key, & start building!
Learn more here.
And finally, a big congratz to Optimism for putting governance on-chain. Remember, real decentralized organizations operate on-chain.
p.s.- Hoping to apply for Nat Geo with these pics of Australian animals I’ve taken recently. Got way too close to this tiger snake (one of the top ten most poisonous snakes in the world) just outside my flat. Wish I got closer to this fluffball (koala).