In order to encourage more governance participation, and reduce governance friction, I propose we move our Tier 3 governance into Snapshot. This would not replace our current Tier 1 (Discord) and Tier 2 (Discourse) governance, and discussions at those levels would still need to happen prior to a Tier 3 vote, but the Tier 3 (previously on-chain) vote would happen on Snapshot.
Snapshot governance requires no Ethereum gas to vote, and would serve the VitaDAO community far more effectively than Ethereum Layer 1 governance. We want to encourage participation in all governance levels by making the price of participation only the cost of the VITA a voter holds. This would mean people who earn VITA incentives through participation and who have no other crypto holdings (perhaps a researcher) could weigh in on significant proposals. For our mission and our DAO, the quality of our governance can only improve the more inclusive it is of the many people we incentivize with VITA.
VitaDAO’s Tier 1 and Tier 2 governance are set such that at those levels one person equals one vote. When we move to Tier 3, the voting becomes one VITA token one vote. Moving to snapshot for Tier 3 will retain this mechanic, and will not require staking VITA to vote. It will simply require having VITA in the wallet with which you vote. The name of the tool, ‘Snapshot,’ describes how the vote works. At a certain block on Ethereum Mainnet, the service takes snapshot of VITA holders and amounts. The voting power for a wallet is the amount of VITA the wallet has at the time of that snapshot. For this reason, I suggest we announce proposals as early as possible and that those announcements include the intended snapshot block number as well as the time the voting starts and ends.
Currently, proposal creation is done by the DAO exclusively, and only after discussion on Discord and Discourse. I propose we retain this workflow when we move to snapshot. In Snapshot, all stewards will have the
Author role, and proposal creation will be permissible only for authors. This will prevent spam proposals from distracting the DAO, and will encourage the meaningful use of the other tiers of governance. The timeline for voting will still be the 14 days (or 7days if VDP-12 passes), with the voting delay being 2 days (or 12 hours if VDP-12 passes). Snapshot allows more flexibility on timelines than the Raphael contract did, but for now we’ll keep it the same and add more proposals to make use of that flexibility as VitaDAO sees fit.
Migrating Proposals from Currently Smart Contract
The current smart contract contains the voting information and a link to the proposal content on IPFS. In order for there to be a continuous governance record, I propose we take the current proposals and migrate them to Snapshot so people can obtain all governance records from one place. We will do this by copying each proposal over to snapshot and fixing the vote result to match the result from the on-chain vote (we will not try to match the amount of votes). To guarantee provenance of the copy, each of the initial snapshot proposals will contain a reference to the original smart contract proposal data and the link to the original IPFS document.
Effects on Smart Contracts
I propose the Raphael smart contract and the Staking contract be shutdown using the mechanism built into the contracts to do so. This will stop additional proposal creation on chain, and will immediately allow all VITA holders to unstake their VITA. We will do this during a time of no active proposals, and allow at least 3 days for everyone to reclaim their staked VITA before creating a new proposal that takes a snapshot of VITA balances.
While we can shutdown the smart contract, Ethereum doesn’t have the concept of deletion. All of the Raphael contract activities, events, and records are forever on chain, and forever queryable. In this way, our existing governance will still carry the same weight and effect as it does now, and we will reference that in the on-chain proposals we copy over into snapshot.
IPNFT Holder Change
One side effect the shutdown has is that the contract can no longer hold the IPNFTs. I propose we move the IPNFT(s) to the current VitaDAO Gnosis multi-signature wallet. This will allow for lower cost operations on the IPNFT(s), have the same security as current treasury management (5 of 8 signers needed), and allow the option of moving towards more decentralized ownership in the future if we choose to use Zodiac.
Snapshot requires many settings, and most of them are self explanatory - you can find the docs here. The ones of note, how I propose we set them, and why are below:
- Ethereum Mainnet, because that’s where all the VITA live.
- Aligned with current and future DAO web page design
- Domain Name
vote.vitadao.com- and we will continue to support voting on dao.vitadao.com with implementation to support snapshot
erc20-balance-ofVITA - we will begin here, and add strategies to ensure we can vote with any staked VITA or tokens locked for other reasons VitaDAO governance decides upon in the future.
- A small list of three stewards, to include @audieleon and @vincent as technical working group leadership and @theobtl as the governance working group lead. This is a small, high trust group because admins and controllers have deletion rights on proposals. The group needs to be big enough to allow continuance of control is someone leaves the DAO, and small enough that misbehavior is easily auditable.
- Authors (currently “Members” in the docs)
- As described above, all stewards and only stewards will be authors of proposals. This allows Tier 1 and Tier 2 governance to continue to have its important place, and keeps the list of proposals on snapshot high quality.
- Allow Only Authors to Submit Proposals
- This will be true, to ensure only authors can submit proposals.
The VITA token contract will remain unchanged by this proposal, and all of your VITA will remain yours. If this vote passes, we will announce the dates of the changes above, . We will also provide explainers on how to reclaim your VITA from the staking contract and how to vote using snapshot. All your previous votes are still in effect and will remain so. This proposal simply makes governance easier, free, and more effective by including more voters.
Author: Audie Sheridan (@audieleon)
- Agree with revisions (please comment)