Name: Facilitate discussions of a Governance Framework post-Alameda Collapse
Scope: To gather feedback and suggestions from both Ren Team and Community on the best way forward in terms of Governance.
Alameda’s acquisition of Ren protocol had been plagued with speculation on the exact terms and conditions since inception. With the recent collapse of Alameda, we should not dwell on this specifics anymore but rather, reflect upon how governance can be improved to prevent similar scenarios.
This RFC comes at a time when Ren is in the midst of securing funding after the collapse of Alameda acquisition. There have been no proposals to change the governing framework yet - but it would be the perfect opportunity to do so before Ren’s operating budget is fixed.
I refer to my post in Discord here Discord which outlines the rough agenda for this RFC and the importance of timing especially in this fund raising window.
As per the recent medium article: Moving on from Alameda. Early last year, Alameda acquired Ren… | by Ren Community | Ren Project | Nov, 2022 | Medium , it is heartening to know that the community will be consulted through a formal governance proposal in the funding process.
The structure of the protocol should be that Ren survives no matter the external pressures and this means being self-sufficient in the long run. The DAO’s interest is not aligned to any other external entity and is only committed to Ren itself. It is the only entity that is neutral enough to implement the decentralization roadmap. It would be in the interest of Ren Team to plan for Ren DAO to control a significant stake to steer Ren’s vision. Hence, a key consideration for securing funding with external stakeholders is that a portion of funding has to be allocated to building this DAO.
As such, discussions in this RFC should revolve around how the DAO can be incorporated into the governance framework with significant stake.
Building of the Governance framework with the DAO will not be possible without the assistance of the Team itself. This RFC serves as a platform for both Ren Team and Community to engage on this topic fervently.