The Ranch, Issue 5
Updates on our work with Gitcoin, Aave, and Fei. Also, insights on Governor Venice and a predictable dilution schedule for DAOs that reflects the ever-changing nature of communities.
The Ranch, Issue 5
Welcome to The Ranch, Llama’s Substack newsletter.
In this publication, we’ll share quick and easy to digest insights on:
Updates from Llama 🦙
Herd on the Street - interesting insights on DAOs
Opportunities - ways you can get involved with Llama
1. Updates from Llama 🦙
In case you missed it, check out our latest Mirror post, Working Groups are the Scaffolding: A Foundational Approach to Sustainably Scaling DAOs, authored by llama contributors Yuan Han Li and BraveNewDeFi.
Llama continued its work on Gitcoin's $15 million treasury diversification efforts. This week, the working group had its first calls with potential strategic partners and continued to gauge interest from potential lead partners.
As the working group begins to have conversations with partners, we expect the velocity of the process to increase quickly. Thus, the working group set up a weekly call to discuss any updates on the process and to make sure everyone is up to speed on what's happening.
CVX, the governance token of Convex Finance, is currently not listed on any major lending platforms. Listing CVX will give Aave a significant first-mover advantage, with CVX also having the potential to become a meaningful high-vol asset revenue source for Aave. CRV, for instance, is currently the fifth-highest earning asset on Aave V2.
Additionally, listing CVX will allow Aave to earn revenue in aCVX, which can then be used to support our treasury management proposal to deploy Aave's reserve factor to CVX (among others).
Llama contributor scottincrypto has put together a Dune dashboard on Fei Protocol's lending markets. Fei's stablecoin (FEI) can be used to earn yield by depositing on lending markets such as Aave, Compound, and Rari Fuse Pools.
Our dashboard provides insights into deposit rates, lender concentration, net deposits, and where to find the highest return on each of these lending protocols. For instance, one can use the dashboard to track lending rates for FEI across time:
2. Herd on the Street
Insights and articles from the DAO world, curated by our herd.
Announcing Governance of Venice - Odysseas Lamtzidis
An extension of Compound's Governor Bravo, Governor Venice is a new governance system proposed by Odysseas that makes heavy use of functional groups (guilds). Guilds, organized around areas of expertise, can better assess proposals in their domain, making the governance process more efficient.
Dilutive DAOs: Building a Community in Perpetuity - Myco
Because communities are ever-evolving, fixed-supply models are often an inadequate way of distributing ownership to contributors. Myco proposes a predictable dilution schedule for tokens that allows the community to adapt to changing circumstances and reward contributors throughout the lifecycle of the community.
We're still looking for talented artists and graphic designers 🖌 to help us with graphics for social media and blog posts. If you fit the bill, let us know in this form!