A high-level breakdown of the actions that can be governed and executed by various DAO pods/committees, contracts and/or addresses
| Category | Current Governing Authority | Current Executor | Proposed Governing Authority | Proposed Executor | Actions |
|---|---|---|---|---|---|
| DAO votes resulting in on-chain actions | DAO token holders (on Snapshot) | DAO multi-sig (0x359f) | DAO token holders (on Tally) | Governor Contract | • Using treasury funds (e.g. sending approved pod/committee budgets from the treasury; investing into treasury strategies) |
| • Setting critical product/ protocol parameters (e.g. adding/ removing protocol strategies) | |||||
| • Determining protocol operations (e.g. fixed PWRD APY, tranching logics) | |||||
| • Defining tokenomics (e.g. GRO token reward schedule) | |||||
| • Setting keeper parameters (e.g. emergency multi-sig powers) | |||||
| • Defining on-chain governance parameters (e.g. proposal threshold and quorum) | |||||
| DAO votes resulting in off-chain actions | DAO token holders (on Snapshot) | Pods/ committees | DAO token holders (on Snapshot) | Pods/ committees | • Establishing or discontinuing pods/committees (including their mandates), and those responsible for them (e.g. pod facilitators and committee members) |
| • Defining off-chain Governance parameters (e.g. ratifying governance powers held by pods/committees, deciding on off-chain governance processes) | |||||
| • Whitelisting/ de-whitelisting protocol strategies | |||||
| • Whitelisting/ de-whitelisting into treasury strategies | |||||
| Pod/ Committee- Level Operations resulting in on-chain actions | Pods/ Committees | Pod/Committee-Level Operational Multi-Sigs or DAO multi-sig (0x359f) | Pods/ Committees | Pod/Committee-Level Operational Multi-Sigs | • Initiating operational expenses from DAO-approved budget (e.g. contributor payments) |
| Pod/ Committee- Level Operations resulting in off-chain actions | Pods/ Committees | Pods/ Committees | Pods/ Committees | Pods/ Committees | • Making day-to-day decisions that fall within the scope of pod/committee mandates, to meet performance goals |
| • Determining how to spend the DAO-approved budget (e.g. hiring new contributors, changing incentive structures, or exploring new opportunities) | |||||
| Emergency functions | FiSt and Groda Pods | DAO multi-sig (0x359f) | Emergency Multi-Sig Committee | Emergency Multi-Sig | • Cancelling/pausing on-chain governance (in case of governance attacks) |
| • Conducting emergency protocol functions (e.g. withdraw from failing protocol strategies in case of emergency or automation failures) | |||||
| • Withdrawing from treasury strategies in case of emergency |