This proposal aims to address procedural gaps by introducing a ‘fast-track procedure’ for the DAO to promptly respond to high priority items. These measures aim to enhance the DAO’s agility and security protocols.
The [GP-4] Governance Reform Proposal removed the off-chain (Snapshot Labs) component for certain categories, thus significantly reducing the general governance process to 7 days. Therefore, it was decided to discontinue the “fast-track procedure”.
Since April, it has become evident that the DAO occasionally needs to act more swiftly than the traditional 7-day governance process allows. This is particularly crucial in situations such as adjusting interest rates and refreshing rewards, where timely decisions can significantly impact the system’s efficiency and effectiveness. Additionally, quicker action may be necessary when addressing security concerns or integrating new partnerships. To maintain our agility and responsiveness, it is essential that we explore mechanisms that enable the DAO to make decisions more rapidly when the situation demands it.
Specifications
We currently suggest two ways to initiate the fast track process for General Proposals (i.e. those that do not require an onchain component) and Protocol Changes Proposals:
Scenario 1: Initiating Fast Track at the beginning of the governance process
The fast-track proposal is slated for an on-chain/off-chain (for those proposals that do not require an on-chain component) vote within 24 hours after its publication on Discourse. For a proposal to qualify for this expedited on-chain vote, it must garner explicit support from a majority of Discourse Level 2 users.
Scenario 2: Initiating Fast Track AFTER the normal governance process has begun
A fast-track proposal can be initiated at any time after the normal governance process has begun if it garners explicit support from a majority of Discourse Level 2 users
Please note that the Fast Track Procedure shall not be applied to Governance Changes Proposals.
I support expediting the governance process, but I have a few concerns:
What exactly defines a Level 2 user?
Is the primary objective of governance to encourage community-driven or prospective partner proposals? How should the community approach these proposals? Recently, most proposals have focused on supporting new markets, such as the QiDAO, SPOT, and Wrapped Super OETHb proposals. Many rely heavily on Chaos Labs’ review and recommendations, with some, like EURC and cbBTC, being prioritized and reviewed. To best serve the community, a clear framework should be established to ensure all proposals are evaluated thoroughly and consistently. We also want to avoid any perception of “governance theatrics,” so encouraging more consistent and frequent participation from community-accepted governance delegates and aspiring delegates is essential.
Regarding reward refreshment, I suggest amending this proposal to include an auto-refresh budget. The proposed amount could be allocated to a separate Smart Contract or Multi-Sig Safe, with funds released on a time or date trigger to ensure rewards are refreshed automatically when needed. This would reduce the need for frequent, additional proposals. The only time a new reward replenishment proposal should be submitted is if the protocol decides to increase or decrease the reward rate for any reason.
Hi @Guz_MassAdopt ! Thanks for your comments. Will try to give my thoughts:
Level 2 users are those who have a member status on the forum. There are currently 11 Level 2 users (including yourself) Seamless Protocol. U can read how to get it here.. In short, Level 2 are long term users who were most active.
and 3. I agree with you on both items in the sense that we need to address those problems. At the same time, imo we should deal with 1 2 3 separately. This one aims at providing the DAO a possibility to deal quickly when it comes to emergent situation. As for the 2 and 3 I believe they deserve separate proposal (both of them). Will be glad to brainstorm with u to come up with new proposals
Fully support this - given the current market dynamics, I think it is important to allow the DAO and eng contributors to move even more quickly and in an agile way. This still does not jeapordize consensus as it requires (and always does due to design) onchain voting, but the offchain component can be further streamlined.
Suggest we gather the proper community responses/buy-in on this and move to enact as it has been proposed for about a month now!
Look forward to thoughts from others and thanks per usual on the thoughtful governance process improvements @Ras
I agree the DAO should be able to move quickly to act onchain when needed. I think it’s particularly important for very common operational proposals that see very little contention in Discourse, like as risk parameter adjustments given by risk partners in the community such as Chaos Labs. These should be able to move quickly to a vote. Once a proposal is onchain the process still takes 7 days to be enacted onchain, with a 2 day delegation window and 3 day voting window. If more discussion is needed for these proposals, governance could choose to vote against it and return the discussion to Discourse.
This is a smart proposal to enhance the DAO’s agility & our speed on the market, especially for security issues. The two fast-track scenarios provide a clear, efficient process while preserving governance integrity. It could also be helpful to add a way to prioritize the most urgent proposals based on community feedback or urgency(security bugs).
Agreed with comment above. Thanks for putting this forth @Ras. Seamless Protocol since its beginnings has done a great job sticking to governance processes with their track record of abiding to timelines/cooldowns etc. There certainly is a case to have certain measures ‘fast tracked’ when urgent and given the macro environment (but also other urgent matters i.e. security), establishing a fast track process seems like a great idea to act quickly and push things forward when timing is key.
Agreed with this proposal - I think it’s important to move things quickly, especially as the market speeds up its pace as well. There’s a lot of exciting things cooking, so this would be a good way to get them released faster. Thanks @Ras
Thank you everyone for supporting this proposal. Given it has gained significant support, the proposal will be put to a vote tomorrow, November 21.
[GP-6] Addressing Urgency: Unveiling the Fast-Track Procedure 2.0
Summary
This proposal aims to address procedural gaps by introducing a ‘fast-track procedure’ for the DAO to promptly respond to high priority items. These measures aim to enhance the DAO’s agility and security protocols.
The [GP-4] Governance Reform Proposal removed the off-chain (Snapshot Labs) component for certain categories, thus significantly reducing the general governance process to 7 days. Therefore, it was decided to discontinue the “fast-track procedure”.
Since April, it has become evident that the DAO occasionally needs to act more swiftly than the traditional 7-day governance process allows. This is particularly crucial in situations such as adjusting interest rates and refreshing rewards, where timely decisions can significantly impact the system’s efficiency and effectiveness. Additionally, quicker action may be necessary when addressing security concerns or integrating new partnerships. To maintain our agility and responsiveness, it is essential that we explore mechanisms that enable the DAO to make decisions more rapidly when the situation demands it.
Specifications
We currently suggest two ways to initiate the fast track process for General Proposals (i.e. those that do not require an onchain component) and Protocol Changes Proposals:
Scenario 1: Initiating Fast Track at the beginning of the governance process
The fast-track proposal is slated for an on-chain/off-chain (for those proposals that do not require an on-chain component) vote within 24 hours after its publication on Discourse. For a proposal to qualify for this expedited on-chain vote, it must garner explicit support from a majority of Discourse Level 2 users.
Scenario 2: Initiating Fast Track AFTER the normal governance process has begun
A fast-track proposal can be initiated at any time after the normal governance process has begun if it garners explicit support from a majority of Discourse Level 2 users
Please note that the Fast Track Procedure shall not be applied to Governance Changes Proposals.