Creating SubDAOs will support Liqwid Growth by expanding the community’s voice (everyone who holds LQ is the community). A SubDao is essentially a working group hyper-focused on a particular subject matter. They will research and propose the best options for the DAO to consider bringing up for on-chain votes.
If the community votes in favor of forming a new subDAO, the members who run that subDAO would receive a budget (paid in LQ from the DAO treasury) for their work, and the community will periodically vote on the validity of their work/if the subDAOs budget should be renewed.
Recent Catalyst Fund11 used a SubDAO. see proposal 47 Liqwid App and Discord
for more information.
This idea discussion is to brainstorm what SubDAOs might be needed and who might support the work in them.
The following are current ones that have been discussed in Forum and Discard. More should/could be added to the idea discussion. The list below is not exhaustive.
- SubDao: Marketing and bringing the users from other chains and partnerships with Cardano protocols.
- SubDao: Development of strategies to increase revenue to LQ holders.
- SubDao: Liqwid Rewards : reviews market data bi-weekly (interest accrued, interest repaid, utilization, TVL)
- SubDao: Risk Focused: make future recommendations on market and risk param updates
- SubDao: Catalyst Fund reviews catalyst proposals to present to the Liqwid community to vote on.
Developing a framework of how SubDaos should operate. Concepts to explore, but not limited to, this list. How to join a SubDao(two pizza team, term limits), expected time commitment per month, budget and tracking, reporting to community cadence, mission statement, accountability/transparency to the community, SubDao leadership/governance structure, goal setting/measurement, KPIs, OKRs, roadmaps of features that need to occur before and/or after.
Many great examples have already been shared in the Forum and Discord. Let’s start linking and compiling them here.
Do you support the concept of SubDAOs to be explored?
- Yes
- No
- Abstain- need more information
Would you want to participate in a SubDao?
- Yes
- No
- Maybe- need more information
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I was just reading some of the talk about this on discord. Just a quick question though. What is the benefit of a sub dao? Why couldn’t the same thing be done from the dao as it currently stands?
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Hi Jim,
Great question; I am adding an edit to capture what I believe is the general concept. See below
The SubDao wouldn’t circumnavigate the current DAO as we know it but rather curate ideas from the community with members who are most passionate about a particular area of Liqwid’s protocol or ecosystem. The SubDao could then present their research as a Temperature Check, a Proposal in the Forum, or another format that the community deems preferred.
Honestly, your question presents the best gateway to start the discussion. Does the community want SubDaos, and if so, what framework should a SubDao follow, and what tasks would they perform?
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Cheers mate,
I think its a great idea, it would certainly help to organise some structure around important discussions. So yes, I’m all for it.
It may help also with people who are passionate about different disscussions not feeling like they aren’t being heard, if topics and ideas are thrashed out in smaller sub groups prior to being presented to the larger DAO?
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voted yes to both, volunteered for the catalyst proposal review which occurred prior to the mainnet vote for LQ holders and think this is a good step for Liqwid.
im also happy to participate in future SubDAO’s where I feel I can contribute
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Hey Jim,
Another way of looking at SubDAOs is how legislatures around the world divide work between their members by creating committees on narrower topics who draft legislation before referring it to the larger body to vote on as a whole. SubDAOs are like those committees, where the DAO would be the whole congress, parliament, etc.
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I agree sub committees are a great way to hash out ideas before moving to voting.
Hi @ConkeyKong, could we change the “Liqwid Rewards” SubDAO to “LQ Emissions and Liquidity”.
It will still reviews market data bi-weekly (interest accrued, interest repaid, utilization, TVL) but also review and manage protocol owned on-chain liquidity of the LQ token.
I am in the process of writing a proposal for the creation of this LQ Emissions and Liquidity SubDAO and think it makes sense to align what I’m writing as a follow up to this initial proposal for the creation of various SubDAO’s.
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Thanks mate. Yes I totally understand sub committees. I have served senior board positions many times in the past. I probably didn’t put enough thought into it before I spoke, haha.
But thanks you explained that well and upon reflection it makes perfect sense that we would have some kind of order to the development of the DAO.
I’m fascinated with governance and better, fairer government. It was one of the primary reasons I bought into Cardano in the first place. That and banking. Thats where my interest in Liqwid Finance came about.
I’m not so good at the nitty gritty of things, coding and devops hurt my brain. But I do have a intrest in the big picture. The application of this protocol in the real world at scale can not be understated. I see potential to provide self custodial business banking that could change the world. Sorry I’m rambling.
I will conclude by saying I’m keen to particpate in the development of the DAO, I might not be able to contribute to some of the more technical discussions but happy to put my hand up in other areas of thought if its helpful in any way.
SubDAOs can be thought of as tactical, scope-specific entities that work under the guise of the larger DAO. They will usually have a budget, a set of directives, and can be folded by the DAO if they aren’t doing what they should be. Another problem it helps solve is that usually the larger DAO has too many people to try and get a majority agreement on actions to take and considerations to include in their work. Lastly, depending on the type of work the subDAO is intended to do it could be targeting specialists as members for a given work area.
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