Hi GoodDollar Community,
Almost nine months since my original GoodDollar Governance Re-Vision post, I want to provide an update, along with a couple of announcements, for the purpose of eliciting further community engagement and feedback.
What we’ve done
Through the collaborative governance redesign process, “CoGov,” the community signaled the desire to reframe the GoodDAO as a system that manages money distribution to grow a collaborative economy. From this new vision, the concept of the House of Alignment emerged: a model intended to scale UBI by enabling community-driven distributions that increase G$ demand, integrations, usage, and overall network activity.
A proposal, GIP-26, was put in front of the community to initiate the first protocol distributions to the inaugural four members of the House of Alignment in an experimental pilot program designed to achieve specific objectives with regards to ecosystem growth. While GIP-26 was not approved by the community vote, the vote revealed a few things about GoodDollar governance:
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The ecosystem has many active participants, as there were 108 unique wallets that voted.
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Unfortunately, the same problems that other one-token-one-vote DAOs face are also present in GoodDAO, as 99% of the voting power against GIP-26 was concentrated in four wallets, and 98% of the voting power for GIP-26 was concentrated in just three wallets.
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In addition to the governance power concentration issue, there is a breakdown in communication between GoodDAO participants, as many of the main concerns reflected in the final vote were not surfaced during the process leading up to the vote—a process that included open discussions, proposal iterations, and a community call. If GoodDAO is to be successful there needs to be more effective deliberation channels in order to better reflect community preferences beyond voting.
Despite the outcome of the GIP-26 community vote, the Good Labs Foundation has decided to fund the House of Alignment pilot in order to test the model in practice. This should be understood as a Foundation-funded experiment, not as the implementation of the protocol distribution changes proposed in GIP-26. Distributions to the member projects—Gardens, Green Goods, ReFi DAO, and Textile—will start soon. Over the next quarter, we’ll be able to collect measurable data on the program’s performance in order to use those learnings to bring a refined second iteration back to a community vote at the end of September.
Where we’re going
But the House of Alignment is only one part of the roadmap for the wider GoodDollar Governance Re-Vision and GoodDAO 2.0, as presented during the final CoGov community call. As part of this re-vision, I also want to continue evolving the GoodDAO in order to address the challenges currently facing it. This includes effectively executing on GoodDollar’s vision—building a more sustainable economy on top of GoodDollar infrastructure by driving demand for G$—and fulfilling some of the ideas and input surfaced during CoGov, such as exploring alternatives to universal token voting and implementing governance mechanisms that promote greater inclusivity.
Towards this end, I would like to the reiterate how I broadly view the GoodDAO 2.0 desired end state:
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A decentralized governance body working towards the goal of growing a sustainable economic system around GoodDollar
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Expert committees making operational decisions, while remaining accountable to the wider community
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Community control over House of Alignment distributions and committee selections
The evolving GoodDAO 2.0 roadmap reflects the co-designed mission and vision of GoodDAO, as communicated during CoGov: a distributed community of participants who want to collectively contribute to and benefit from the growth of the GoodDollar economy. Throughout this co-design process, we will continue to build together towards a fully decentralized, fully inclusive governance system.
Where we are & next steps
In the context of the slides I presented during that final CoGov community call, we are in the intermediate phase of the Governance Transition Roadmap:
What this means:
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As mentioned, Good Labs is ready to begin the distributions to the members of the House of Alignment.
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I’m continuing to evolve the GoodDAO 2.0 roadmap. In addition to the House of Alignment, the next steps of the roadmap currently feature a Treasury Committee and the House of Citizenship (explained below), both of which will be opened to another round of feedback prior to implementation.
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The GIP process and GOOD token still control all core DAO functions, including approving protocol changes, treasury spend, and metagovernance processes.
Treasury Management Committee
One of the key features of GoodDAO 2.0 will be decentralizing the management of the DAO’s community-run treasury with the objective of growing the GoodDollar economy. However, effectively managing a treasury includes business planning, asset and risk management, and financial reporting—all of which requires a high level of expertise and continuity. For this reason, I’m planning to form a Treasury Committee as one proposed mechanism to address this challenge. The committee’s members will be responsible for overseeing the sustainable allocation of DAO treasury funds in a way that supports the GoodDAO mission, while being subject to an explicit mandate, performance guidelines, and strict community accountability measures that include member selection by community vote. The structuring of this committee will also lay the groundwork for other committees or types of governance bodies that may emerge to address specific challenges over time, depending on the needs of the DAO and the feedback gathered from the community.
House of Citizenship
New structures, such as the House of Alignment and Treasury Management Committee, create new governance surface areas—new opportunities to participate and have your voice heard. Inspired by the key takeaways and insights from the CoGov process, and in an effort to make sure these new governable spaces remain inclusive, I have been designing a complementary experimental governance model: the House of Citizenship. To start, we are looking for feedback on the following key features of the House of Citizenship:
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Open participation: Anyone with a verified GoodDollar wallet can participate
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Democratic governance: All votes will be facilitated through a one-person-one-vote mechanism (as opposed to one-token-one-vote)
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Limited scope: At first, the House of Citizenship will only control the quarterly distributions to the House of Alignment and the periodic selection of committee members
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Streamlined participation: Communications and participation opportunities will be facilitated through a new central governance platform.
Before these plans are finalized and any implementation begins, I’m looking for community feedback to help continue co-designing this rollout.
As next steps, I will be hosting a community call on July 1 to discuss the following and help define what should become a formal proposal:
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House of Alignment launch
- Starting question: What mechanism should we use to distribute these funds?
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GoodDAO 2.0 roadmap, including the formation of the House of Citizenship and Treasury Management Committee
- Starting question: What would a GoodDollar Treasury Committee be responsible for? How should we hold the members accountable to the community?
Feel free to start the discussion by answering these questions or otherwise commenting on this post, and feel free to RSVP for the community call here: https://luma.com/rmydpm1w
I look forward to seeing you all there!
