This topic has been bouncing around our Discord and Twitter for a week or so and appears to have strong community support. If you support the direction, have opposition to it or have any questions, here is the place you can be formally heard. We will develop an RPIP and a formal vote out of any discussions here.
A detailed explanation of the idea can be found here.
I won’t repeat the technical details as you can read the above document. But in summary, the on-chain pDAO replacement will replicate our existing pDAO governance system on chain; importantly, removing the team as an executive middle man and making the entire system completely decentralised.
There are many benefits to this approach but the primary drawback is the increase in gas and complexity. That gas increase comes at a minor cost to node operators and the complexity excludes us from using existing governance software.
The dev team feels like this trade off is worth it, given the alternative is to adopt a simpler voting power model which we feel strongly is not the right direction for the protocol. Rocket Pool’s unique governance system is distinct from other DAOs, making governance capture significantly more difficult and giving power to those most aligned with the protocol’s long-term health in mind.
Please offer any criticisms, ideas or ask any questions you have here.
You can signal support or opposition here as a temperature check, but a formal process will follow.
- I support the described on-chain pDAO model
- I oppose this approach (please describe why in a comment)