What could cross RToken Funding and Governance look like?

Governance & Research
1

Exciting proposal’s like the Rangers & Vanguards, or Merkl’s airdrop proposal show the potential of sharing cost between DTFs to grow common goods and resources, like marketing, that benefit all.

We discussed how this could look in the weekly governance standups last week and the week before, and wanted to show what different proposals exist to further discussion on this exciting topic.

Yield share to a Marketing DAO (by @ham )

1052×684 44.1 KB

Pros

  • Skin in the game, only RSR stakers in the RSR pegged RToken have a say in the operations in the multi-sig
  • Economically aligned since 5% of their staked RSR rev share goes to multi-sig
  • RToken withdrawal delay makes the multi-sig votes harder to game, could even extend the withdrawal delay even further

Cons

  • Stakers can’t allocate RSR to Rtokens independently
  • Plugins required
  • Gov votes needed for each RToken for them to allocate a % of rev and not all % of rev are equal. Will ETH+ benefit proportionally to the yield they generate?

Meta DTF - a stRSR index (by @tbrent )

Holders buy the DTF, get some of the stRSR yield and the rest goes to marketing activity. RSR can govern the activities being funded.

Pros

  • Easy to implement with current structure
  • Marketing DAO is a known and well understood concept
  • Users get some yield for helping promote DTFs (flywheel)

Cons

  • Less yield than directly staking, kind of a charity
  • Another DAO that needs to be bootstrapped

Redesign RSR governance with gauges (by @rspa_StableLab )

Currently staking and unstaking RSR from DTFs is costly and takes 14 days. What if Reserve would implement a Curve style gauge system instead?

Users “vote” by locking up their RSR to receive veRSR with voting power increasing over time up to threshold.

The veRSR can be assigned to one or multiple gauges representing DTFs. In return they receive a large percentage of the yield generated. A certain percentage always go to a Reserve DAO which finances development and marketing.

1256×796 94.3 KB

From Aragon.

The gauge strategy can be implemented without coding on Aragon’s new OSx toolkit. There might even be a way to migrate existing governor contracts.

1 Like
2

Lots of interesting ideas here.

I want to emphasize the importance of concentrating efforts and aligning coalitions on a single substrate.

Two reasons:

  1. RTokens needs growth resources, and stRToken stakers should compete for those resources. This creates a self reinforcing education cycle that will help accelerate the conversation from ‘activity’, to ‘results’
  2. Given limited bandwidth availability of decentralized contributors, a single substrate for coordination and leaderboard is easier than coordinating across 3, or 7 or 27. Make it easier for the community to do more, with less.

p.s. Aragon’s new OSx toolkit looks interesting.

2 Likes