- We need to get to v3 ASAP
- Let’s bump up the “end” timeline a week (from Sep 7 to Aug 31)
- The only essential v2 governance matter remaining is to decide delegator rewards
Every day, every week that goes by is an eternity in “crypto time.” The market cycles move so fast. Crowds move on to the next shiny thing. The longer it takes for a project to ship, the more stale it becomes. We have solid-ish momentum now, the community is engaged, let’s keep things moving forward.
Focus on the “blockers” to v3
I believe this v2 governance period should only vote on the absolute essentials. MVG, minimum viable governance. Anything that can be voted on in v3 governance should wait until that time. We need to ship v3. To do that, we need to finalize the key protocol changes, get the code complete, and start audit process. Let’s stay focused on shipping. Until we ship, there is no treasury. And our YAM is crusty and mostly worthless (due to lack of liquidity).
- 1M community fund
- Delegator rewards
Delegator rewards is on ongoing debate. That’s okay. Let’s hash it out. Hopefully, our community comes out stronger because of it. I do not believe YIP 10 is the right approach – it completely ignores all the little fish (gas fees, no flat reward for everyone). I’m confident we’ll find something better soon enough though.
But is there anything else that should be debated in v2 governance? Any other blockers keeping us from moving to next phase?
If there are no other major blockers up for debate, let’s speed up the timeline. The current proposal in YIP 1 is to have everything wrapped up by Sept 7. If we’re only debating delegator rewards at this point, there is no reason to need so much time. Let’s get everything wrapped up by Aug 31. That way Brock/team has a clear starting point of when they can start implementing protocol changes without fear of new proposals, new changes, etc. That gets us closer to code freeze, and that gets us closer to audits beginning.
I think right now these are the main action items, but please comment if I’m missing anything.
- Create a YIP for end date change
- Create a YIP that says no other new proposals can be created other than related to delegator rewards. That’s the only outstanding “essential” item in v2 governance
- And of course, let’s figure out delegator rewards.
This v2 period is only meant to be a bridge, not a destination. Let’s keep moving towards our “eternal lands” of v3. Let’s not get distracted. I believe in the YAM fam! Let’s go!