RFC-000-044: Facilitate discussions of a Governance Framework post-Alameda Collapse



Current structure failed to meet the objective to deliver what was promised, a decentralized community owned protocol. The protocol has been fully managed by RenLabs with very little input and almost no influence from the community on the decisions.

A DAO exists, but is very unorganized, no clear structure, no a dedicated team and no clear roles and responsibilities. The consequence is that communication with the stakeholders as well as participation of the community is not effective.

We should add that the previous leaders of Ren sold all treasury to Almeda leaving the protocol without any funds to guarantee the safe future of the project. That VC is gone and there is no budget for the different activities of the protocol after Q4 2022. RenLabs has mentioned several alternatives that some alternatives to get funds are being evaluated, but there is no involvement from the community.

As a conclusion, DAO without structure is not effective, as the results has demonstrated.
A proper DAO organization would offer efficient:
· Engagement with RenLabs and all parties
· Communication and participation of the community
· Identification and coordination of resources

The scope and R&R of the DAO organization is something way too complex to conclude in a proposal, therefore, shall be left open for discussion by an interim team and later approval by the community.

We must remember that this protocol has tremendous achievements, being the only one that has billions of dollars in assets transacted without a single crack in the code, never hacked.

We are also proposing to describe the protocol in 3 major pillars.
· Technology (To be revised at later???)
· The Token

The first pillar has been in almost no existence until today, and we need to recognize it is no less important, becoming priority in any relevant protocol given the conditions of the industry and regulations. There is no reason to stick in the past, and the current proposal has the overall objective to establish an interim DAO structure with the single objective to create a permanent DAO framework that will allow Ren to dominate the space.

This proposal is focused on:

· Approve the creation of an interim team to carry out the design of DAO structure to be sent for comments and approval to the community. The DAO framework shall cover at least
o Definition of Mission and Vision
o Scope and framework of DAO:
1- Areas of responsibility of DAO
2- Organigram
3- Roles and Responsibilities of positions of future permanent members of DAO
o Performance key indicators to evaluate DAO
o Budget proposal

· Approve the size of the interim team to be composed “only” by DNO community members. At least 1 representative from RenLabs team will participate. We propose a team of 5 community members.

It is very important to emphasize that this interim team shall have the responsibility to represent the community and any proposal raised by the community is to be considered.