Summary

As RabbitHole works towards becoming a DAO, we’re committed to involving the community in the process of progressive decentralization as early as possible. Accordingly, we’re inviting the community to help shape our involvement in metagovernance from the earliest stages of experimentation.

The first step of this process was a brainstorming session to collect feedback from the community about why and how you want to be involved.

The next step is to circulate our high level strategy and proposed pod structure for v0 below. (You can think of a “pod” as a large working group that may have smaller, more ephemeral working groups within it. This pod is made up of core Rabbithole teammates + broader community members who come together to work on projects together.)

Please keep in mind this document is meant to be a starting point to define what is in/out of scope considering RabbitHole’s internal goals and priorities. We very much value your feedback and hope that we can co-create a final version that incorporates your input. Establishing this pod will be an iterative process that is refined over multiple versions.

v0 of our metagovernance pod will run for 12 weeks, from January 10th - April 1st, at which point, the strategy and structure of the pod will be re-evaluated based on learnings and community feedback.

Please feel free to leave comments below and we will discuss/resolve during our kick-off call on January 10th.

Thank you for helping us lay the foundation of what will become an extremely important pod!

RabbitHole Value Alignment with Metagovernance Pod

RabbitHole holds the tokens of all protocols with which we partner. Our diversified treasury presents RabbitHole with a unique opportunity to promote it’s values throughout the web3 ecosystem via active governance. We believe this creates a positive-sum equation whereby the more successful RabbitHole becomes, the more successful the protocols we partner with become. RabbitHole’s values are:

• Participation > speculation: We encourage our users to understand and engage with the protocols they use, and metagovernance allows RabbitHole to actively demonstrate these values via our commitment to long-term token holding and being active c the communities of the protocols with which we partner.
• Minnows > whales: A lot of governance is dominated by institutional investors or large whales, resulting in a token-weighted plutocracy. Instead, RabbitHole has the opportunity to amplify the voice of our community of real users, giving individual users more of a voice in the development of some of the most important protocols in the web3 ecosystem.
• Merit > signal: Participating in governance will be a very important job in the future web3 economy (as more and more B2B and investment functions occur via governance proposals.) Our metagovernance pod gives Pathfinders the opportunity to cultivate these Skills early.

v0 Goals:

• To become recognized as a leader in metagovernance. In v0, we want to be active in the most prominent governance communities for which we hold tokens. With v0, we’re taking the first steps towards making our commitment to metagovernance both actionable and visible.
• To educate our community about the importance of metagovernance & provide avenues for community members to build metagovernance skills. We know that metagovernance is a new topic for many, especially those just getting started in web3. The metagovernance pod will help educate others about how to be an active governance participant, onboarding new delegates and presenting more opportunities for experienced delegates to get involved.

v0 KPIs:

• # of proposals voted on: In v0, we’re aiming to vote on 20 proposals
  • This implies we’re voting on 1-2 proposals per week
• % of pod/workstream members who’ve participated in a governance workshop / created educational metagovernance content
  • Shoot for 2 workshops per month with 75%+ engagement

v0 Proposed Pod Structure: