juicebox

Title: Governance Process - Amendment 5
Author: filipv
Date: 2022-06-12

Thesis

Ratify updates to Juicebox DAO’s Governance Process.

Updates: https://gateway.pinata.cloud/ipfs/QmdmtcMzPYzfPESPz4hJbqFxsPBqkFKqQcDR7wEgk7AKzt

Diff: https://gateway.pinata.cloud/ipfs/QmVhRNgcmRFCjabsKEcjkBnYAL9uPXktBoDdJPbiAYC6cM

Abstract

• Remove temperature check freeze for translations.

• Snapshot quorum from 15 total voters → 80,000,000 affirmative JBX

• Removed emergency governance processes

• Proposals must clearly specify multisig actions to be deemed executable.

• Improved clarity, consistency, and specificity.

Motivation

Currently:

• Temperature checks currently feel rushed, especially due to the freeze for translations.

• The Snapshot quorum is irrelevant—no proposal has ever failed due to it. The governance process can let through proposals that the community is not truly enthusiastic about.

• Emergency governance processes are a major outstanding avenue for abuse, and have not been utilized.

• Unclear proposals often lead to confusion and additional work on the multisig’s part.

• The Juicebox DAO Governance Process has inconsistencies and unclear language.

Risks

• Without a translation buffer, authors could change their proposals just before they go to offchain voting, bypassing the temperature check stage.

• The DAO may miss out on executing controversial but valuable proposals.

• An unforseen event could arise in which emergency governance would be useful.

• Proposals may be more burdensome to write, especially for newcomers.

• Consistency updates could lead to confusion for those used to something else (e.g. Juicebox DAO → JuiceboxDAO).

Specification

• Ratify this governance process: https://gateway.pinata.cloud/ipfs/QmdmtcMzPYzfPESPz4hJbqFxsPBqkFKqQcDR7wEgk7AKzt

• Update governance process at https://info.juicebox.money/resources/juicebox-dao/governance-process

• Update other documentation accordingly.

Rationale

• Translators are currently writing proposal summaries, and do not need a full 24 hours to make a translation. There is a possibility of leveraging DeepL’s API to roughly translate proposals automatically.

• A JBX quorum is less susceptible to manipulation. The quorum only measuring affirmative votes prevents the possibility of a proposal passing quorum because you voted no.

• It is difficult to envision a scenario where emergency governance could address a major existential issue, especially given the protocol-level limits on reconfigurations.

• Multisig work and bookkeeping could be simplified with improved proposal specificity.

• Ambiguities lead to confusion and disagreement, especially for newcomers.

Timeline

The updated governance process should take effect during the first temperature check after this proposal’s passing on Snapshot.

Copyright Disclaimer

Copyright and related rights waived via CC0.

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