Hello fellow Bancorians,
I want to write a proposal. However, I need some data and I’m having trouble finding it, and also I’m not 100% sure what I want to propose can even be done in the first place. So this thread is partially a discussion of what can/should be done with DAO finances, and partially just me asking for where I can find data on what the DAO itself has at its disposal.
I want to propose that we acquire a stake of some size in, for example, Keeper DAO. That is to say, I think that our DAO should buy and hold some amount of $ROOK (in line with my example), and collectively we should vote on how that stake votes in Keeper DAO should we take an interest; I make an example of Keeper specifically because we’ve integrated them into our systems.
If we integrate a project into our systems, we should make sure of at least the two following things:
That we do not put the project in the core of our system; that should remain purely in-house code, and it should be laser-focused on what we do and nothing else. External projects are peripherals, and we need to be able to perform our core-level function such that we can guarantee it will do what it says on the tin 100% of the time, regardless of what anyone else in the defi space is doing. Ultimately, this is a development subject and can be discussed at a later time. More importantly…
That we own a stake in projects we integrate, if possible, and furthermore we might avoid integrating projects that we can’t own a stake in. Regardless of exactly where a project fits into our system, any change will affect the surface-level functionality (which is the end-user experience), even if imperceptibly. That is a significant factor in shaping user opinions of us, and that means we absolutely should have a say in how those projects are governed to ensure that if another DAO has a proposal that will negatively affect us, we have a tool at our disposal to push back.
In order to even begin proposing this, however, I need to know what funds the DAO has where. In essence, I need a page that I can look at that tells me “We have w total, x free, y locked in A, z locked in B, …” and so on. Or something to that effect; Dune doesn’t seem to provide that sort of info. I’ve seen a couple people suggest using the Vortex Burner for things; aside from being a terrible use of the Burner almost every time, I think the ideas spring from not knowing what funds we actually have available to use for things like that.