Hello, GoodDollar community!
To briefly introduce myself, I made my way to GoodDollar through my work as Ecosystem Growth Lead at DAOstar, where I contribute to public goods and collaborative research that supports the DAO ecosystem. After participating in the first and second rounds of the GoodBuilders program as a mentor for the DAO and governance track, I began to collaborate with GoodLabs as Governance Lead, responsible for designing and directing changes to ecosystem governance and GoodDAO.
And so with this post, I’d like to present the GoodDollar Governance Re-Vision: a first step towards the next iteration of GoodDollar’s governance system. Its goal is simple: to redesign governance and GoodDAO into a system that truly empowers the global community to shape and grow GoodDollar’s future.
The purpose of this post is threefold:
- Introduce the GoodDollar Governance “Re-Vision”
- Provide context and a progress update
- Open up the conversation to invite participation and feedback
Building on the recent upgrades to the GoodDollar protocol and strategic changes to the project, I’m excited for the next evolution of GoodDollar governance to continue growing the community and collectively building an inclusive, regenerative monetary system that provides economic opportunity for all.
Background
GoodDollar and V4
Since its inception, GoodDollar’s mission has been to provide a decentralized model to generate and distribute Universal Basic Income (UBI) through the G$ token. Earlier this year, the protocol took an important step forward with the launch of GoodDollar V4.
Since GoodDollar’s launch in 2020:
- More than 900,000 unique users have claimed G$ UBI across 180+ countries and territories
- More than $600,000 in G$ distributed
- Over 2,000,000 peer-to-peer transactions
- GoodDollar has become one of the most active protocols by users on Celo
The upgrade to GoodDollar V4 followed a pause in G$ minting and Reserve liquidity after the Ethereum Reserve was exploited—a challenge that also created an opportunity to rebuild stronger. GoodDollar V4 introduced a new Reserve on Celo, making the protocol native to the chain. As a result, minting has resumed, liquidity is restored, and the Reserve is now more accessible, resilient, and aligned with the community’s needs.
With the protocol now relaunched, the next opportunity is clear: revitalize governance and empower the community to play a bigger role in shaping GoodDollar’s future.
Ecosystem Growth
The vision for the GoodDollar ecosystem is expanding. While global access to UBI remains at the heart of the project, the stage is set to grow a sustainable economy on top of GoodDollar’s open infrastructure. Builders and community members are already contributing by developing use cases that reflect shared values—promoting inclusivity, prioritizing regeneration over extraction, and democratizing the creation and distribution of money.
This also means creating more opportunities for every G$ holder to do more with their tokens and take part in building a stronger economic system that benefits everyone. This also raises the question of how the Protocol and the DAO can support this growth beyond distributing G$ as UBI.
The GoodDAO has a central role in guiding this expansion: ensuring that governance becomes the tool through which the community sets priorities, supports builders, and leads the growth of the GoodDollar ecosystem. Initiatives such as the GoodBuilders Program highlight the creativity and alignment of contributors building on GoodDollar. While not a GoodDAO initiative today, it showcases the broader potential of the ecosystem and the importance of a strong DAO to coordinate, support, and amplify this growth.
Currently, GoodBuilders Round 2 is live! Already 13 projects are building on top of GoodDollar—spanning savings, bill payments, liquidity incentives, education apps, new money distribution models, real-world applications, and more. The round is still open for more projects to join, and you can vote to decide which projects receive more funding based on their impact, potential, and progress.
Introducing GoodDollar’s Governance Re-Vision
Why a Governance Re-Vision?
This is the right time to rethink and reevaluate the role of governance, including the distribution and utility of the GOOD governance token and its alignment within the community.
The initial governance model was built on strong principles: to distribute control to the GoodDAO early in the protocol’s lifecycle, ensure GOOD tokens were accessible and non-transferable, and empower members to take part in shaping GoodDollar’s growth.
Four years later, 24 governance proposals have been passed—mainly concerning protocol changes and community moderation grants. In practice, however, most proposals have been initiated by the Good Labs Foundation, while voting decisions have been dominated by large token holders. Community members have voiced concerns about the complexity of the governance process, and the lack of clarity around how to successfully bring proposals forward.
Additionally, while the GOOD token and governance model exist on Fuse and Ethereum, they have not been deployed on Celo—the chain where the community is most active today, and where GoodDollar V4 has made the protocol natively at home.
All this highlights the need to build a governance framework that lowers barriers and enables real participation.
The Governance Re-Vision addresses GoodDollar’s social layer—that is, the system employed by its globally distributed stakeholders to contribute and collaborate, make decisions about protocol changes and shared resource allocation, and support GoodDollar’s mission. Towards this end, the Governance Re-Vision will reevaluate and rebuild GoodDollar’s foundational governance framework, which includes GoodDollar’s governance structures (i.e. GoodDAO), processes (i.e. GoodDollar Improvement Proposal, or GIP), and mechanisms (i.e. GOOD governance token).
The initial objectives—and mechanisms to achieve them—of the GoodDollar Governance Re-Vision are as follows:
| Objective | Mechanism |
|---|---|
| Enhance the effectiveness & efficiency of initial decision-making | Governance Steering Committee (see below) |
| Increase community engagement | New governance documentation & governance redesign campaign (coming soon) |
| Promote transparency & accountability | Governance roadmap & timeline (coming soon) |
| Chart path towards decentralized management of the GoodDollar treasury | Capital allocation framework (coming soon) |
Stage 0: GoodDAO Governance Steering Committee
The first step, “Stage 0,” in the Governance Re-Vision will be the assembly of a GoodDAO Governance Steering Committee (“GSC”)—a collection of individuals who will provide expertise, continuity, and operational support in establishing priorities and upholding legitimate processes for governance of the GoodDollar ecosystem. The GSC will play a crucial role in the initial redesign of GoodDollar’s governance system, which includes revamping foundational documentation, shaping processes and tooling, and defining a governance roadmap.
The first iteration of the GSC will consist of 5 total members for an initial term of 3 months—to be selected by the Good Labs team and Governance Lead—and will include Good Labs team members, builders in the GoodDollar ecosystem, active community members, and value-aligned partners from external ecosystems. Initially, GSC membership will be performed on a volunteer basis. Moving forward, we will seek to progressively decentralize selection to the GSC, with the end goal being through a community voting process.
The GSC won’t eliminate decentralized decision-making, but rather ensure it remains structured, transparent, and effective.
The priorities during the GSC’s first term will be to:
- Draft a GSC mandate that includes the committee’s operational principles and rules
- Ratify a governance mission (i.e. “north star” document) that defines the values and purpose of GoodDollar governance
- Initiate and lead a collaborative governance framework redesign campaign with the community (more to come on this soon!)
On an ongoing basis, the responsibilities of GoodDAO’’s GSC will include managing community contributions, ensuring clear and transparent communication around the GSC’s decision making, as well as conducting governance research and development.
High-Level Timeline & Next Steps
| Timeline | Next Steps |
|---|---|
| September 19 | Final GSC member selection & announcement |
| End of September | Hold first committee meeting (date TBD) |
| Beginning of October | Launch governance redesign campaign |
| End of October | Publish governance “north star” document |
Conclusion
With this next phase for GoodDollar and the Governance Re-Vision, the opportunity to meaningfully influence the future of the biggest experiment in UBI and financial inclusivity has never been greater. During this formative period for GoodDollar governance, we aim to consistently seek community input and feedback that will help us co-create a financial system where money is created and distributed according to shared values—a system where everyone’s voice matters.
As such, please share any thoughts or questions in the comments, and if you’d like to be considered for selection to the GSC, please reply to this post with the following information:
- Name
- Brief history of contribution to GoodDollar and activity in the ecosystem
- Bandwidth (approximate number of hours per week you are available for committee-related work)
Looking forward to shaping the future of GoodDollar together!

