PUSH Weekly Governance Call Recap Thread

🗳️ Governance Proposals
35

Governance Call - 8th May 2024

We’ve held 3 votes, continue updating our documentation, and solidifying through the DAO Council structure. Find out what we discussed in our weekly Governance Call here :bell:

Push DAO v2 is live :fireworks:
The Push DAO v2 passed a Snapshot vote last week, this means the DAO Council is now official and has started operations. Celebrate with us!

For the next 12 months the Push DAO Council will play an important role in shaping the direction of Push DAO. Each member will be directly responsible for a different DAO vertical, ensuring success in the overall DAO.

The DAO Council is also deep at work in what we are calling #BUILD week. We are spending this first week scoping out the new Push Grants, Business Development and Ambassador Programs.

The DAO Council will be accountable to the DAO via completing KPIs (Key Performance Indicators) highlighted in the Push DAO v2 proposal.

Push DAO Council KPIs for May 2024 :chart_with_upwards_trend:
The start of Push DAO v2 operations comes with a lot of decentralization and transparency. Therefore, we are pleased to publish the KPIs for our first month of operation:

  • Secure 1 partnership
  • Publish 1 Op/Ed
  • Publish 1 blog post (The $PUSH token and its role in the Push DAO.)
  • Publish 1 issue of the DAO Newsletter (End of May)
  • Source 1 Lead who may integrate with Push Protocol
  • Create 3 new discussions/topics on the Push Governance Forum
  • Hold 2 more Snapshot votes
  • Increase voter participation from an average of 7 to 8
  • Source 2 grantees for the Push Grants Launch on June 3rd
  • Grow Social following on Twitter by 5% (+35 followers)

How participate in Push Governance? :classical_building:
Participation in Push Governance starts through the process of Proposal Creation.

The recent Push Governance v2 documents thoroughly explains the proposal creation process which you can refer to at any time.

All community members are welcome and encouraged to participate in Push Governance via the Push Governance Forum. All you need to get started is to share your thoughts via a discussion post.

After you post the initial discussion, the community will give you feedback on your idea and you can choose to continue to formal proposal creation depending on community sentiment.

If you are more interested in participate in Push Governance, then voting is for you. $PUSH token delegation allows you to have a say in completed proposals that reach the Snapshot voting stage.

Our Push Governance Processes document explains the how, why and when we vote. The first step in the voting process is owning the PUSH governance token.

You can acquire $PUSH tokens on centralized exchanges (MEXC, Gate.io) and decentralized exchanges (CoW Swap, Uniswap).
Once you hold $PUSH tokens in your EVM wallet, you can activate PUSH voting power by delegating to yourself or someone else on the Push dApp.

Push Grants Program + Business Development SubDAO :chains:
The Push Grants Program and the BD SubDAO both passed their final votes on Snapshot last week.

The new Grants Council members will be Rene who will serve as the Grants Lead, and Sixty who will serve as the Grants Evaluator. The Grants Council will also be joined by lan (Push DAO Governance Lead) as an observer/evaluator from the Push Foundation.

The workings of both SubDAOs/Programs are being worked on as we speak and we will give the community updates on the progress + specifications on how each will work in the coming weeks.

The new Grants Program and the BD SubDAO will both launch starting June 3rd, however we will do our best to accommodate applicants beforehand.

Push DAO Compensation Vote :ballot_box:
The aim of this proposal is to determine the specifics of the compensation of DAO Contributors including the DAO Council.

The Push Governance / DAO Lead, lan will determine a fixed rate for contributor payments each quarter. This is currently set at $0.27 per PUSH, meaning regardless of the PUSH price, contributors will be paid at a fixed rate and not a variable rate.

This way we encourage PUSH contributors to undertake activities that will lead to an appreciation in the PUSH token price. This will also allow the DAO Council to effectively determine the runway for the DAO.

The Budgetary Working Group will aim to pay contributors on the same day each month with the exception of Grantees who should receive payments immediately.

Push Channel of the Week :trophy:
Our Channel of the Week is :drum: ETH Tracker. The ETH Tracker tracks the highs and lows of ETH so that you don’t have to. Get updates every 6 hours on what the price of ETH is.

Opt-in to the ETH Tracker to receive instant Push Notifications on ETH Price Movement Alerts. You can customize your notification preferences by setting ranges for:

  • ETH Price Range Threshold in %
  • Price alert notification frequency

Every week we are pleased to find enthusiasts interested in contributing to our ecosystem :purple_heart: Stay tuned for everything to come, see you on the next call on Discord.

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