Governance Call - 1st May 2024
This week marks the first step of our three year march to the decentralization of the Push ecosystem.
You can read this summary of our Governance Call and find out in a few minutes what we are building together. Let’s start!
How to participate in Push Governance
Any community member or contributor can create a proposal on the Push forum, and any proposal that passes all of the needed phases may be brought to a vote. You can view a full breakdown of the Push Improvement Proposal process here.
Votes begin as ideas, which then become proposals. An idea is suggested on the forum and discussed for a minimum of a week unless it is proven that we have a timeline that requires a tighter discussion period. Votes can only be fast-tracked by a 4/5 consensus reached by the Push DAO Council.
The quorum for all Push DAO votes is defined as 1% of the circulating supply of $PUSH tokens. When votes do not achieve a quorum, they are rescheduled for a second round upon request by the author. This rule will be altered as the community sees fit as the DAO scales.
Any PUSH token holder with an interest in being involved in the present and future of the ecosystem’s governance can choose to “Delegate to myself” to have the ability to vote, or “Delegate to others” to another wallet or community member who participates in Push Governance through the DAO.
Check the complete Governance Process in the documentation in our forum.
Grants Council and BD subDAO vote
We held two Snapshot votes last week for the Grants Council election and BD subDAO. Unfortunately these votes did not pass do to being unable to reach a quorum (not 1% PUSH tokens circulating voted).
The DAO has decided to schedule these voting for Thursday, May 2.
The Grants Council election and Business Development subDAO are live now on the Push Snapshot space. Active for 4 days (2 May - 5 May) until 1pm UTC.
For the Grants Council 5 self nominated candidates will be running for 2 seats. Their council will operate for 3 months. And comprises 3 individuals, with one seat occupied by a Push team member in an observer/evaluator role.
For Business Development subDAO the proposal will be a community run program that will enable contributors to engage in business development activities for Push Protocol by offering rewards that very according to the project size and other characteristics.
The classification of project size in Business Development subDAO will depend on the number of X/Twitter followers and the level of Discord activity.
Go to Snapshot now, learn more about these proposals, and participate in the Grants Council election and the initial iteration of the Business Development subDAO.
Push Governance v2
In this current iteration of Push DAO (aka Push Governance v2), there are only two types of PIPs that can be made: Governance and Ecosystem PIPs.
- Governance PIPs are those that propose changes or improvements to Push DAO. This includes proposals concerning the Push DAO constitution, subDAOs, governance processes, changes to PIPs, etc.
- Ecosystem PIPs are those that propose non-technical changes or improvements to the Push ecosystem. This includes proposals concerning the Push Ambassador Program, provision of general guidelines or information to the community, community development initiatives, etc.
A PIP goes through five phases from inception to conclusion:
Phase-1: Forum Discussion
Phase-2: PIP Formalization
Phase-3: PIP Temperature Check
Phase-4: Snapshot Vote
Phase-5: Implementation
Read the full proposal about Push governance v2 (PIPs) on the forum, and look at how it works
Push DAO v2
While Push DAO has existed for some time, we plan to take Push DAO to the next level. This will be done by launching multiple DAO programs throughout the year. We have already worked hard setting up the Push Grants Program v3 and the Business Development SubDAO.
However, the DAO will need an all-star team to direct and execute the vision for Push DAO V2 to achieve these goals. Therefore, we are proposing a Push DAO Council, which will be directly responsible for guiding the strategic direction of the DAO for the next 12 months (May 2024 - May 2025). The Push DAO Council will be composed of 5 contributors from Push DAO who have shown a passion for developing the success of Push DAO:
Push Governance Lead - Ian Leviness
Push DAO Operations Lead - SixtyKeys
Push Ecosystem Lead - Carlaupgrade
Push Growth Lead - Christiandike
Push Marketing Lead - Rene
The DAO Council will lead the way in governing the DAO; this will include transparent block voting with the community.
The Push DAO Council vote is live now on the Push Snapshot space as well. Active for 4 days (2 May - 5 May) until 1pm UTC. Go to Snapshot now, learn more about this proposal, and participate on everything that happens in this new version of Push DAO.
Push DAO Content Strategy
Part of the responsibilities of Push DAO v2 is creating new content for the DAO. We will be doing this on a recurring schedule. Content will include op-eds, blogs, newsletters, podcasts, Twitter Spaces, and more.
If you are interested in creating content for the DAO feel free to reach out to us with your ideas. We hope to get the community involved in content creation.
Push Channel of the Week
Our channel of the week is Cryptocurrency Jobs.
Cryptocurrency Jobs is one of the largest job boards for crypto and web3 jobs.
Opt-in to the Cryptocurrency Job List channel to get notifications for news openings at leading projects and companies - straight into your wallet.
Get alerts about:
- Latest job posting in the crypto industry
- Jobs in different fields including Development, Finance, Marketing, BD, Design, and many more.
We are very excited about everything that is happening, we count on your participation in this week’s voting