RRC XX: Updating and Migrating Delegate Launchpad Program to RARI chain

Proposals Parent DAO Proposals
#1

Author: Janabe

Reviewer: Addigator, StableLab, Governance Working Group

Abstract

This proposal seeks to update the Delegate Launchpad program in alignment with the governance migration to the RARI chain. The updated program will retain its core structure while incorporating adjustments to voting power allocation, cohort participation rules, and the integration of multi-chain governance. These changes aim to ensure the program continues fostering diverse and active participation in the RARI DAO.

Motivation

The Delegate Launchpad program has been instrumental in onboarding new voices into the RARI DAO. With the governance migration to the RARI chain, there is an opportunity to enhance the program’s structure to better align with the evolving ecosystem. This proposal addresses the need for:

  • Improved alignment with RARI ecosystem’s governance framework.
  • A sustainable approach to delegate participation and development.
  • A streamlined transition for existing cohorts during the governance migration.

Rationale

The proposed adjustments are designed to:

  1. Reflect the shift from vote-escrowed tokens to the custom L2 token mechanics by removing voting power decay.
  2. Incentivize long-term delegate commitment while maintaining opportunities for new participants.
  3. Facilitate a smooth migration for active cohorts from Ethereum Mainnet to the RARI chain.
  4. Support the integration of the Event Horizon delegation model, enhancing governance efficiency.

Specification

  1. Program Structure:
  • Two cohorts annually, spaced six months apart.
  • 15 recipients per cohort, each receiving 2,000 RARI voting power for a period of 6 months.
  • Voting power allocation will remain constant over the six-month period without decay.
  1. Re-admittance and Voting Power Scaling:
  • Delegates may apply for multiple cohorts.
  • Upon a third acceptance, delegation increases to 5,000 RARI, enabling proposal sponsorship.
  1. Program Duration for Individuals:
  • Delegates may participate for a maximum of four cohorts (two years).
  • After this period, delegates transition to relying on community delegations to promote inclusivity and diversity in the program.
  1. Migration to RARI Chain:
  • All future Delegate Launchpad cohorts will operate exclusively on the RARI chain.
  • Cohort 3 (launched on Ethereum Mainnet in October 2024) will have delegations enabled on both Ethereum Mainnet and the RARI chain for a transitional period. Multi-chain governance mechanisms will ensure seamless coordination.
  1. Event Horizon Integration:
  • Include the Event Horizon delegation model as part of the governance framework for improved efficiency with a delegation of 2000 RARI.
  • This delegation shall exist outside of the Delegate Launchpad program and does not impact the number of openings in each cohort.

Steps to Implement

  1. Proposal Approval:
  • Submit the proposal for DAO approval.
  • Secure community consensus on the revised structure.
  1. Program Adjustments:
  • Update Delegate Launchpad documentation to reflect the changes.
  • Inform current and prospective delegates of the new rules.
  1. Transitional Arrangements for Cohort 3:
  • Enable dual delegations for Cohort 3 on Ethereum Mainnet and the RARI chain.
  • RARI chain based delegation will remain active for the duration of the Ethereum Mainnet delegation.
  1. Launch new cohorts on RARI Chain:
  • Establish governance contracts and delegation mechanisms on the RARI chain.
  • Initiate Cohort 4 under the new program structure (Apr 2025).
  1. Monitor and Evaluate:
  • Track the performance and feedback of revised cohorts.
  • Present a report on outcomes to the DAO after the first year of implementation.

Costs

N/A

RARI Foundation was entrusted with 90k RARI for the Delegate Launchpad program per RRC 9. While these tokens are fully locked and distributed in delegations in Cohort 3, they will become available for Cohort 4 and the Foundation can use RARI from the operational budget for the interim additional delegation Cohort 3 will receive on RARI chain.

Timeline

Delegations to Cohort 3 on RARI chain will be executed within 2 weeks of the proposal’s passing. The delegates will then be able to start testing RARI chain-based governance.

This proposal ensures the Delegate Launchpad program evolves in tandem with the RARI DAO’s governance migration, fostering robust participation and inclusivity across the ecosystem.

8 Likes
#2

Will both chains vote on the same proposals? Or will each chain have it’s own proposals to vote on?

#3

@JanaBe can you provide more information as to what is Event Horizon, and what are the potential benefits of adopting their delegation model?

#4

Looks promising!

Didn’t know this, thats a great reward for lasting 3 seasons :slight_smile:

2 Likes
#5

Thanks for the question @Firefly808 - each chain will have their own proposals. Once the transitional period concludes, the Mainnet DAO will sunset and the RARI chain based DAO will be the sole hub of proposal activity.

#6

Of course @Jaf ! Event Horizon allows for the wider community to vote on proposals. The suggested 2k RARI would vote programmatically on a proposal, reflecting what the majority of voters on Event Horizon select. The benefits are:

  1. expanding the opportunity to participate in governance outside of the Delegate Launchpad program
  2. adding another avenue to participate in governance for the wider community hence aiding engagement

https://eventhorizon.vote/

@EventHorizonDAO feel free to jump in here or bring this convo to a different thread

3 Likes
#7

Thanks for the mention!

@Jaf Essentially, we function as a gateway for those new to governance to dip their toes in the water. Anyone can join by minting a free soul-bound NFT which gives one the ability to vote to determine how the overall pool votes. This rewards small retail voters who actually show up and vote with a boosted voting share, a non-monetary incentive to get started with voting. You can read more about the underlying mechanism of Implicit Delegation here.

We’re currently working with Abritrum (which delegated 7m ARB), Compound DAO, and Gitcoin DAO as well as independently supporting other DAOs like Aave, Optimism and Shape Shift. We’re always keen to help onboard new voters in burgeoning DAOs (spinning up Scroll governance as we speak) so we’re excited to work with Rari.

3 Likes
#8

What’s stopping us from shutting down the mainnet DAO right now. It apparently does not do any good to have RARI locked up on mainnet anymore. Why wait? I dont want to miss votes.

2 Likes
#9

Good question @Firefly808!

A couple of reasons:

  1. need to ensure the RARI chain-based DAO is properly tested first
  2. DAO treasury is staying on Mainnet so multichain governance needs to be functioning and tested too

Hence the overlap period of two parallel DAOs - to ensure the testing can be competed before the Mainnet DAO can be sunset.

3 Likes
#10

Thanks for sharing the article. EH’s delegation model looks great and aligns well with our DAO goals.

I just have a question (it may not even apply to what we’re doing with Rari DAO, but I’m unsure).

As I was reading in the Arbitrum forum to learn more about your participation there and the experience with implementing EH, I came across the “Additional Considerations” section, which mentions:

“The Arbitrum Event Horizon Oversight Committee: A committee of 5 existing, notable delegates will be voted on by the Arbitrum community to be given the ability to guide the Event Horizon voting pool on matters of Arbitrum meta-governance.”

Would we also need to implement something similar?

2 Likes
#11

Glad to hear the excitement!

In conversations since the establishment of the initial delegation, many delegates have flagged that the oversight committee is unnecessarily paternalistic although it may have been prudent while we built out the initial tech stack that has since proven resilient. That along side the small delegation size leads us to think it’s not necessary.