6 January 2023: Launching the Aragon DAO
Aragon prepares to launch delegate voting DAO, Aragon DAO Rules up on the Forum, Core team finalizing Guild proposals
Top 3
We are preparing to deploy the Aragon DAO, the new delegate voting DAO that will govern the Aragon Project. Our delegated voting DAO is lean, minimal, and simple. The initial set of smart contracts will form the default governance settings of the DAO. They are meant to evolve over time, as we experiment, learn, and build on the initial deployment.
The Aragon DAO Rules are up on the Forum for 7 days of discussion. The Aragon DAO Rules are an objective, plain English description of the smart contract permissions of the Aragon DAO and meant to replace the function of a Charter as the core governance document. After the 7 day discussion period, they will be up for an item by item signalling vote for 7 days.
The core teams are finalizing Guild proposals that will be up for feedback on the Forum shortly and put to vote when the Aragon DAO is deployed.
Highlight of the week: Launching the Aragon DAO
Unstoppable Organization, Adaptable Governance
The Aragon DAO puts code at the center, humans at the edges. With the principles of antifragility in mind, we created a DAO that ideally can survive paradigm shifts in the industry and the world. In order to create an unstoppable organization, we need to center what we know to be unstoppable: blockchain technology.
We’re relying on the human-layer—legal wrappers, delegates, guilds, developers, and DAO creators—to be agile and adaptable. We’ve broken down our governance into three categories: Rules, Guidelines, and Practices. You can review the full governance framework here.
When designing our governance, we knew we needed to walk a precarious line between bureaucracy and chaos. The implementation of strict social layer rules creates bureaucracy, while the absence of any rules creates chaos. Our response to walking this tightrope is to limit enforceable rules on-chain, and rely on guidelines and practices on the social layer off-chain.
Security-as-a-Process
With a new DAO comes new risks that we might not be able to plan for. We are favoring a more secure approach, slowly transferring more funds on-chain over time and adjusting parameters to prioritize safety.
Before we transfer any funds on-chain we will use signalling votes followed by manually executed transactions. This will allow us to assess the level of participation in governance and inform parameter setting, such as quorum and level of support, with data points based on experience rather than estimation.
The treasury will be transferred gradually, as the security of our governance is tested, additional vaults are deployed, and economic incentives between ANT and the Aragon treasury align.
Governance Flow
Our delegated voting DAO is a custom solution built by the Blossom Labs team on aragonOS.
There are three components of the platform:
Token Wrapper: Where you’ll wrap your ANT. To vote, you’ll need to wrap your ANT into wANT.
Delay: Execution delay. This gives Guardians time to veto or pause proposals.
TAO Voting: The delegated voting functions. This is where you delegate tokens, revoke delegation, and cast votes.
1. Submit your proposal: To submit a proposal, you must hold a minimum amount of ANT in your wallet, which you lock for the delay period specified in the proposal parameters.
2. Possible veto: Guardians are a security mechanism that can veto or pause proposals. They are not exercising subjective and opinionated oversight, they will be assigned specific tasks with limited scope (such as reviewing proposal payloads). Guardians will be appointed and removed by a trusted multisig.
3. ANT unlocked: After the delay period, your ANT is unlocked.
4. Proposal opened, starting the vote period: If your proposal is not vetoed by guardians, it can be moved to vote by any Ethereum address. Anyone who holds wANT or who is a delegate for an account holding wANT can vote. A snapshot is taken at the beginning of the vote period, capturing the voting power of ANT Holders and Delegates. If wANT Holders vote directly on the proposal, it overrides the vote of their Delegate.
5. Proposal passed and executed: If the proposal is passed, any Ethereum address can execute it within TAO Voting, sending it to mainnet execution.
For the full article, see the Aragon Blog.
For the Aragon DAO Rules, see the Forum Proposal.
Aragon DAO Updates
Votes
No new votes.
Proposals
Other Proposal : The Aragon DAO Rules
The AA is proposing the Aragon DAO Rules : an objective, plain English description of the smart contract permissions of the Aragon DAO. The Aragon DAO Rules are meant to replace the function of a Charter as the core governance document. It is not a legally binding document, it is a translation of code into English.
Coming Soon
The Aragon DAO is in the final stages of audit and will be deployed in the coming weeks. Follow The Eagle for weekly updates, next steps and calls to wrap tokens, delegate and vote!
Events
Anthony is speaking about the new Aragon DAO today on Origami’s Twitter Space. You can listen to that here.
RSVP for next week’s Twitter Spaces AMA with Katy, co-founder of IndieDAO.
She’ll be joining us to discuss the opportunities that exist at the intersection of the freelance & ownership economy, design principles for future of work, and more!
CTAs
Review the Aragon DAO Rules on the Forum and participate in the discussion.
If you’re interested in receiving delegation, introduce yourself in the Delegates section of the Forum.
Subscribe to the Eagle, for weekly Aragon DAO Updates.
Have a great weekend!
— the Ecosystem and Growth Guild