Making Bank: JengaJojo on DAO Stewards, SAFE delegated governance, project funding framework - Making Bank: A Black Flag DAO Podcast (formerly Bankless DAO) Recap

Podcast: Making Bank: A Black Flag DAO Podcast (formerly Bankless DAO)

Published: 2022-11-01

Duration: 32 min

Guests: Jenga Jojo

Summary

Jenga Jojo discusses the evolution of DAO stewardship, SAFE delegated governance, and a new project funding framework aimed at bolstering efficiency and aligning with BanklessDAO's values.

What Happened

Jenga Jojo returns to the Making Bank podcast to discuss his journey in the BanklessDAO since joining in July 2021, initially engaging with the Translators Guild and later contributing to the Global Events team. He highlights the success of the International Media Nodes project, which has grown to over 12,000 views monthly across 15 nodes, and the strategic partnerships formed at global events. The conversation then shifts to the newly formed DAO Stewards Initiative in BanklessDAO, focusing on governance of public goods like the Safe Governance tokens dropped to BanklessDAO's treasury and various multisigs.

Jenga Jojo shares insights on the challenges of meta-governance and the importance of aligning governance power with the values of BanklessDAO. He notes that while decentralized governance can be slow, having a structured delegation can enhance efficiency, especially in critical decisions involving token swaps and protocol governance.

The discussion explores the SAFE token drop, where Jenga Jojo elucidates the complexities of coordinating multiple multisig signers to reach consensus on governance decisions. He suggests the need for a more sophisticated on-chain governance model that can streamline decision-making across decentralized entities.

A considerable portion of the episode is dedicated to the Project Funding Framework upgrade, which aims to improve the effectiveness and execution of projects within BanklessDAO. Jenga Jojo outlines a proposal for incubators and Gitcoin-style matching rounds to test product-market fit and attract sponsorships, ultimately reducing dependency on internal funding.

Jenga Jojo addresses concerns about the potential for DAO Stewards to create a centralized governance class, emphasizing the balance between efficiency and decentralization. He argues that while a smaller group may be more efficient, it is crucial to maintain alignment with the broader community's values and goals.

Listeners are encouraged to participate in ongoing discussions about governance and to explore various resources available within BanklessDAO, including forum posts and educational podcasts on governance. The episode concludes with a call to action for community members to engage with the proposals and contribute to the evolution of DAO governance.

Key Insights