The DAO has grown a lot since it’s launch 5 months ago. However, it is still far from autonomous and in the near future there are many operational needs that could be fulfilled by the DAO but are currently not. The next quarter will first be focused on fulfilling those operational needs, and the quarter following will be focused on increasing the autonomy of the DAO.

Current State of Affairs

Currently SifDAO is a group of contributors to the Sifchain ecosystem that are afforded the power to manage the community fund, and other specific authorities such as:

Token Listing

• Endorsing token listings
• Getting liquidity for tokens

Validator Delegation

• Rewards for validators

PMTP Council

• PMTP policies

Past Reflections

May 16, 2022 >

The DAO was able to have its first elections. We formed two councils that had solid and consistent participation on a week over week basis for 6 months. The council engagement has been high even without compensation. Even without having an incentive basis yet, these councils are working.

Token Listing Council

Has created:

• Scorecard
• Token Listing Matrix
• Shared and voted on a number of tokens we wanted listed
  • This was blocked by changes in the core team engineering road map
• Pivoted to create an autonomous, bounty-driven process for getting liquidity partnerships
  • This is still too complex and ran into coordination failures
  • A lot of opportunities to improve on this
• Prototyping Protocol Loaned Liquidity
  • Current Ideas: Trying to create first experimental protocol owned liquidity proposal with the criteria being:
    • Doesn’t require too much funding
    • Data-driven
    • Results in sustainable liquidity once loaned liquidity is removed

Overall Goal