Townhall: DAO Resolution Vote

kashdhanda avatar
Kash (🐱, 🐐)
@kashdhandaApr 21, 2025

The Spaces revolves around discussions on the future evolution of the Jupiter DAO, one year into its experiment. The host, Cash, introduces a proposed DAO resolution aimed at refining governance processes, defining the DAO's purpose and its relationship with the Jupiter team. Central topics discussed include the notion of progressive independence for the DAO, funding strategies, enhancing stakeholder value, and clarity in governance roles. Various participants weigh in with feedback, concerns about token utility, and suggestions for how the DAO might engage more effectively in the broader ecosystem. Overall, the discussion underscores the complexity of DAO governance and the ongoing effort to align various interests and objectives within the community.

Summary of Twitter Space Recording on DAO Resolution

Introduction

The session was hosted by Cash, who introduced the agenda which focused on discussing the DAO resolution through a classic town hall setup. The aim was to refine DAO structure based on learned experiences and community feedback over the past year. The importance of community participation in the feedback process was emphasized.

Key Discussion Points

DAO Resolution Overview

Cash provided a concise 90-second overview of the DAO resolution's primary themes, highlighting the need for clarity around the DAO's purpose and progressive independence.

Progressive Independence

  • Timeline: The Jupiter team, including members like Miao and Xiang, will remain actively involved for at least the next two years, allowing for a gradual transfer of control and independence.
  • Milestones: Key milestones were outlined for progressing toward complete independence.

Purpose of the DAO

  • The DAO is articulated as the legislative arm of the Jupiter community, distinct from the broader community itself. Its role is to accelerate growth and create value through proposals and use of the treasury.
  • Emphasis on the DAO serving to create measurable outcomes and not merely functioning for the sake of voting.

Funding and Treasury Management

  • The DAO’s treasury has been initially seeded with $10 million, with plans for additional funding through the Litterbox Trust and other mechanisms.
  • There was a discussion on the importance of having other funding mechanisms and honest talent evaluation.

Governance and Proposal Process

  • There's a call for progressive governance improvements. The DAO's ability to provide a social mandate was highlighted as crucial for implementation legitimacy.
  • The structure of governance will focus on streamlining the voting process with specified proposals to improve efficiency.

Community Feedback and Open Discussion

General Sentiments

  • Emphasis was placed on the necessity for discussions around the DAO’s purpose before diving into other topics such as token utility or protocol fees.
  • Community members agreed that clarity in roles between the DAO and Jupiter team would resolve many ongoing issues.

On Proposal Acceptance and Voting

  • It was highlighted that some decisions could potentially be harmful if the DAO practices evolved too slowly and without solid mandate direction.
  • Questions arose around whether smaller budgetary items should require full community voting, suggesting efficiency improvements.

DAO’s Greater Ecosystem Role

  • There was discussion about the DAO’s participation within the broader Solana ecosystem and crypto, suggesting that current efforts are focused heavily on internal stabilization.

Closing Remarks

The session concluded with an announcement of the upcoming vote and a call to action for community members to rally support. The next meeting was scheduled with a focus on the live vote analysis.

Notable Participants and Their Contributions

  • Cash: Host, facilitated discussion, clarified DAO resolution details.
  • Mr. Slug: Co-host, moderated community interactions and added context on discussions.
  • Julian, Fire Clan, Drizzy, Shiva Dot Soul: Community members who asked questions concerning the DAO's future, proposal processes, and governance efficiency.
  • Teresa: Brought forward the idea of Request for Proposal (RFP) processes for sourcing talent and implementing organized structural improvements.
  • Kemo Sabe and Isaac: Contributed ideas about decentralization vs. independence and how governance can adapt over time.

Future Steps

  • Vote: Scheduled for Wednesday, marking the start of the community’s decision-making on these proposals.
  • Feedback Channels: Continuous monitoring of forums and social platforms for further constructive input from stakeholders.
  • Strategy Development: Moving forward, DAO leadership acknowledged the need for continuous strategy refinement based on community feedback and evolving ecosystem factors.