Build Darwinia subDAOs #1397
Replies: 2 comments 3 replies
-
Very nicely presented @boundless-forest. This should be also a medium article to help community understand difference between Darwinia Core chain and SubDAO entities. I would definitely support DAOs autonomous decision to choose a token for their governance but I also agree with advice to except KTON as governance token. This would show commitment to Darwinia as we all know KTON is not easy to obtain and it is a commitment token. However first we must allow locked Ring to participate in Darwinia Core chain governance to really make this push as currently only free Ring tokens can vote. I know now this change can only happen once we implement OPENGOV. Giving more usecases to Kton holders has been a dream for many of us community members. With these foundations set, hopefully we community also get more involved and not just put all the pressure on Darwinia Dev team. |
Beta Was this translation helpful? Give feedback.
-
I disagree, for Crab SubDAO, we already have CRAB token, CRAB should be used as the gov token of Crab SubDAO. Each SubDAO should farming their own token and building SubElixir relationships with RING. Again, every toke economic‘s motivation is following the token itself at its core, not the project, if a DAO is governance by another DAO's gov token, Governance goals will be confused and be fucked up. |
Beta Was this translation helpful? Give feedback.
-
Motivation
The suggestion to rename the current Crab chain to Crab SubDAO on https://github.com/orgs/darwinia-network/discussions/1386 is seen as a significant step forward in clarifying the relationship between the Darwinia chain and the Crab chain for ecosystem members. As the canary network for the Darwinia chain, Crab aims to provide a testing ground for innovative technology and unstable features, making it a crucial component of the Darwinia network system. With more ecosystem entities like Crab chain becoming involved, it's important to establish a strong and clear connection between the Darwinia core chain and these entities in order to:
Taking inspiration from the Maker SubDAO design, a proposal is made to work towards realizing this vision.
Proposal
In our vision, the Darwinia network comprises a core and multiple decentralized entities developed by ecosystem members. The core is dedicated to building the foundational components of the entire system, including a cross-chain general protocol that offers stable cross-chain support to ecosystem projects, as well as a governance framework that facilitates mutual benefits between the core and these entities during the development process. Other entities will have varying degrees of connection to the core, developing their own features and providing services to users. These entities are expected to be governed by a decentralized DAO, referred to as the SubDAO of the Darwinia core, such as Crab SubDAO, DC SubDAO, and so on. The relationship between the core and subDAOs is akin to that of MakerDAO and its subDAOs.
Governance System
Given that the Darwinia Core serves as the foundational layer of the entire system, its changes can impact all SubDAOs built on top of it. Therefore, we encourage all community members to participate in Core governance by locking their RING tokens and voting to determine the next direction. In terms of subDAO governance, each subDAO has the flexibility to design its own governance system, using either its subDAO token, the core KTON token, or a hybrid approach. I recommend prioritizing the use of KTON as the governance token for the subDAO. KTON tokens are obtained by locking RING tokens in the core for a specific duration. By using KTON as the governance token, all members in the core system can participate in the SubDAO's governance. This approach not only enhances the decentralization of SubDAO governance, but also ensures that the subDAO's development goals align with the core values, enabling mutual benefits between the core and subDAO during their development.
Emission
As the kernel of the entire system, the Darwinia core will allocate RING tokens to these subDAOs. This allocation mechanism already exists in the current system, where projects can request fund support from the Darwinia treasury. One difference in this proposal compared to previous approaches is the method for determining the amount allocated by the core. Under this proposal, and based on the Governance System design, the core may issue RING tokens to distribute among these subDAOs, based on the amount of locked KTON in their governance system. The more KTON locked in the subDAO, the greater the amount of RING tokens they can receive.
Beta Was this translation helpful? Give feedback.
All reactions