Greetings Centrifuge DAO!
Q2 was another busy quarter for GCG. Several proposals have been submitted to the DAO, and as usual, we made sure that all proposals followed our process and announced them extensively across our communication channels to ensure high (quality) participation from our DAO members.
We have also put the “Coordination” in the “Governance & Coordination Group” to a test as we have connected several potential collaborators with the relevant people in our DAO and also attended various events across Europe. We participated in panel talks about DAO and Governance in both ETHBratislava and ETHDublin.
Also, we recently participated in events in Brussels: RWA Brussels (co-hosted by Centrifuge), EthCC[7] and Polkadot Decoded, in addition to some side events in Brussels that we also went to.
It has been very fruitful to go all these places in order to gain more experience, learn from other projects/DAOs and also expand our professional network.
If you want to read our previous status reports, you can do that here.
Proposals made by GCG
- CP103: Launch an RWA Lending Market (passed)
- CP108: Centrifuge Migration to OpenGov (passed)
- CP116: RWA Lending Market Liquidity Bootstrap (passed)
Proposals Facilitated/Assisted by GCG
- CP102: Deposit additional CFG into HydraDX Omnipool (passed)
- CP104: Financial Reporting (passed)
- CP105: Data Protocol (Technical Proposal) (passed)
- CP107: Updated Treasury Spending Agreement (passed)
- CP110: (POP) Anemoy DeFi Yield Fund 1 (passed)
- CP112: Integration of the network into tangem and production of 500 branded centrifuge wallets (2-card sets) (rejected)
- CP117: Give a mandate to form the Treasury Advisory Group (ongoing)
- CP118: Runtime Upgrade 1103 (passed)
Hosting Monthly Governance Call
Governance Calls hosted and moderated by the GCG in Q1 2024:
Other Deliverables
Managing Partnership Tickets on Discord
- We screen all partnership tickets we get on Discord and follow up with a call with those proposals that could be interesting for our DAO to explore or facilitate the contact to the relevant person in the DAO.
Testing and Providing Feedback on the Centrifuge App
- @ImdioR has spent a lot of time testing the Centrifuge App and suggesting feedback to improve the user experience and fixing bugs.
Assisting With our Documentation
- Whenever changes are made to our governance process, we are responsible for updating our documentation accordingly. This quarter, we have also assisted with the documentation in general by suggesting improvements to the structure and content.
Assisting With DAO Slack
- Regular updates about ongoing governance events for Active Contributors and also helping with onboarding and inviting new members to Centrifuge DAO Slack.
Moderating Our Communication Channels
- We are constantly present and keep an eye on all our channels to both assist the community with their issues/questions and make sure that it is a safe and pleasant environment for everyone to be in, and moderate if needed. We have taken some security precautions on Discord to mitigate the risks of scammer attacks (disabling link posting and DMs) which has had a very positive effect so far. Unused bots have also been removed.
Main Focus Areas Q3 2024
Migration To OpenGov
The migration to OpenGov will be voted on by token holders within the next couple of months. It already has launched on Altair first to test the tracks and parameters. After a period of time of testing, it will also be launched on Centrifuge. GCG will assist the devs with the testing of the setup, to ensure things will work as intended, and update relevant documentation where needed.
Intro course for new Ambassadors/Active Contributors
We are working on an intro course for Centrifuge so people who want to start contributing (or people who already are contributing) can get a comprehensive overview of our protocol, products and governance. The goal is to have this finished once transitioned to OpenGov on Centrifuge and start the first course for some of our newest ambassadors and Active Contributors.
Participate in blockchain events/conferences
The GCG will be present at some of the events around in Europe to attend relevant talks/discussions. One of the main goals is to network and hopefully find more Active Contributors/experts to join our DAO.
Token Utility Dashboard
We will be looking into a dashboard to display information about our treasury, spending, block rewards, tokens used to vote in governance, transactions on Centrifuge chain and much more. GCG will be assisting in this process with the design and content of the dashboard. It still hasn’t been decided where this dashboard will be.
Delegation Dashboard + Delegation programme
This dashboard will be built in the existing UI on SubSquare and display information about delegates (their background, voting/commenting history etc.) and token holders can delegate their tokens to them. More information about the delegation programme will be shared once it is ready.
Planning and hosting Active Contributors call
Starting from Q3, GCG will also host our quarterly call for Active Contributors to the Centrifuge DAO. In these calls, alpha is usually shared from the different areas of our DAO (marketing, development, business development etc.).
We are proud to be part of shaping our governance, protocol and tools going forward and are going into the challenges of Q3 with open arms!
All the best,