Gnosis

Simple Summary

This is a proposal to update the GnosisDAO’s governance structure in a way that keeps the benefits of off-chain voting while allowing for trustless and permissionless on-chain execution, using the recently released DAO module and SafeSnap plugin.

Motivation

The current governance structure is designed to be maximally inclusive: gas-free voting with delegation. This, however, comes at the cost of some additional trust in the system. Primarily, GnosisDAO must trust that the GnosisDAO Safe multi-sig will faithfully execute its will on-chain.

In order to make the GnosisDAO more autonomous, we should more meaningfully give it control over its on-chain execution.

Specification

Gnosis Ltd recently developed the DAO module and SafeSnap Snapshot Plugin.

In combination with the Gnosis Safe, this tool allows for:

• Trustless and permissionless on-chain execution of arbitrary function calls
• Continued use of our existing Snapshot strategies (ERC20 BalanceOf and Delegated ERC20 BalanceOf)
• Cheap/free and low friction participation for Participants.

Rationale

As described in the SafeSnap announcement post, the path to progressive decentralization can be broken down into three steps.

1. Multi-sig as a proxy: Gnosis Safe + Snapshot, in which the multi-sig promises to act in accordance with the off-chain votes. This is the status quo.
2. Multi-sig as a safeguard: Gnosis Safe + Snapshot + SafeSnap, in which on-chain execution of off-chain votes is handled by the SafeSnap module, but there are still multi-sig owners that can veto malicious actions or act quickly in the case of an emergency.
3. Look ma, no hands!: Gnosis Safe + Snapshot + SafeSnap, in which the multi-sig owners have been removed, and the only way to execute transactions is via the SafeSnap module.

This proposal is to move from (1) to (2) by deploying an instance of the DAO module, enabling it in the GnosisDAO Gnosis Safe, and updating the GnosisDAO Snapshot space to include the SafeSnap module.

Implementation

The DAO module should have the following parameters set:

• Oracle: GNO denominated instance of Reality.eth 0x8f1CC53bf34932591177CDA24723486205CA7510
• Reality question timeout: 48 hours
• Proposal cooldown: 48 hours
• Proposal expiration: 7 days
• Minimum bond: 10 GNO
• Question Template: see this document
• Arbitrator: Reality.eth contract, so that it is not possible to call arbitration 0x8f1CC53bf34932591177CDA24723486205CA7510

Transactions that need to be executed:

On the gnosis.eth ENS name:

• update  snapshot  text record to  ipfs://QmPdrDbYVPCz6ASgYvvYWkdpDmZ7pph7TnT4K3zhq1dfP7
• update  daorequirements  text record to  ipfs://QmP5ptVAmAcBLJB5bpZntADLieaWRc2iN2V8UQBRoQDA56
• set  registrant  and  controller  to  0x0DA0C3e52C977Ed3cBc641fF02DD271c3ED55aFe

On the deployed DaoModule:

• update  questionArbitrator  to  0x8f1CC53bf34932591177CDA24723486205CA7510
• update  minimumBond  to  10 GNO
• update  questionCooldown  to  48 hours

On the GnosisDAO’s safe:

• call  enableModule("0x0eBaC21F7f6A6599B5fa5f57Baaa974ADFEC4613")