In June, I proposed an IRL meeting to address growing concerns about the stagnation of the DAO. With the Grants Program frozen and an urgent need to better utilize the treasury, it became evident that the DAO was not effectively advancing the project. To move forward, we recognized the necessity of creating a path toward establishing a clear vision that guides the Decentraland project, and a mission for the DAO. The summit, privately funded and self-organized, was an opportunity for key stakeholders to collectively rethink the future of Decentraland.
The summit took place over three days in Lisbon, with 24 members from different parts of the Decentraland ecosystem attending. We had people from the Decentraland Foundation, DAO Core Units, DAO Delegates, community creators and developers, whitepaper authors, and everyday users.
Participants were divided into 4 diverse groups to ensure a broad range of perspectives. Each group engaged in discussions on six topics:
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Mission and Vision: What is the reason for the existence of the DAO within the Decentraland ecosystem?
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DAO Operations: How should the DAO operate to realize the mission and ensure the growth of the project?
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Community Funding: How can the creators and developers in Decentraland better leverage the existing Treasury to successfully execute their projects?
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Treasury Management: What actions should be taken to ensure the long-term sustainability of the project?
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Governance Design: What mechanisms should the community use to make decisions within the governance system?
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Community Engagement: What behaviors are considered acceptable among community members, and how can we distinguish them from unacceptable actions while fostering community growth?
The discussions spanned 3 days, allowing groups to explore each topic in depth. Every group brought different insights to the table, and although there were some differing views, the discussions were collaborative and solution-oriented.
The summit ended with an exercise to align on a unified vision for the DAOâs future. On the final day, a survey was crafted to gauge key opinions, and after six hours of discussions, the group reached a consensus on some crucial points to kickstart the next phase of the DAO.
Key Agreements
- A clear mission and vision are needed to align everyone on a strategic path forward. This mission and vision explain the Why, What, and How that are unique to Decentraland.
- The vision should be shared universally across all Decentraland entities, including the Foundation, the DAO, and the broader community.
- This vision represents the future state of the world if the missions are successfully accomplished.
- Together, the group developed the vision: âOwn your digital life through open standards to enable social connections.â
- The Decentraland DAO needs to agree on a mission. This is what the group came up with:
- âEnsure the sustainability of the Decentraland ecosystem through representative governance, management of collective resources, and technical innovationâ.
- The current state of the DAO requires effective and efficient improvements. Therefore, a new iteration should be proposed to achieve our mission.
- The DAO needs to delegate most of its critical operations to capable representatives:
- Create a DAO Council to help craft a long-term strategy and provide guidance aligned with the DAO´s Mission.
- Establish an operational arm to manage day-to-day tasks and provide services to the DAO, including fund management for community projects, governance enablement, oversight of treasury management strategies, and additional services the DAO may require
- The Council will hire, supervise, and if necessary, fire the person responsible for managing the operational arm.
- The operational arm will have the responsibility of:
- Defining a strategy that must be approved by the Council.
- Proposing an annual budget, to be approved by the Council.
- Operating under a transparent framework, allowing the community to audit them from a financial and operational standpoint.
- Through proposals, the DAO and its VP holders will retain ultimate decision-making authority by::
- Electing and removing DAO Council members.
- Exercising veto power on critical council decisions.
- Implementing a governance mechanism to dismantle this operation entirely.
- Other agreements:
- The DAO keeps its existing three-stage Governance process.
- VP holders should not vote on individual project funding allocation (Grants or Bidding & Tendering).
- The current Security Advisory Board (SAB) that safeguards the DAO Treasury and Decentraland smart contracts continues to exist.
Next Steps
It is important to mention that the statements above reflect the broad consensus among the group given the limited time available at the Summit. Further implementation details still need to be worked out.
To implement these restructures, we will follow the three-stage Decentraland Governance process. Before voting, we will gather community feedback through forum posts and sessions on platforms like Twitter Spaces and Discord. First, a poll to gauge community sentiment on the overall idea will be published, followed by drafts for each specific proposal. Afterward, final governance proposals will be posted, and if approved, the corresponding actions will be initiated.
Further Reading
Prework documents, discussions, and individual group notes can be found here.
Results of the survey conducted by independent community members to gauge sentiment amongst the community before the summit here, here, and here.
Results of the survey crafted by a Summit attendee on the final day before the consensus conversations started here.
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We look forward to the community engaging and providing feedback on this new path for Decentraland and the DAO.
(Sango, punkpink & Maryana are missing from this picture )
Signed by: eordano, maraoz, Yemel, HPrivakos, Tobik, Santi Es, Kimbo, Maryana, Canessa, Pablo DCL, Priscila, Szjanko, MetaRyuk, Unknower, PunkPink, Sango, CheddarQueso, Ginoct, Zino, Palewin, fifitango, Fehz, ProtocolSquad, Kuruk.