Dear Bankless Nation 🏴,

After an exciting week, the community call was filled with excitement about the DAO's future. We shared insights from ETHDenver and discussed how we can apply what we've learned to shape our community's new identity. It was great connecting with everyone on the call.

The much-anticipated "blobs" are here, and Bankless Academy continues to educate and provide valuable content about the Dencun upgrade, which has helped lower gas fees for Layer 2 transactions. Their lesson on 'Staking on Ethereum,' explaining how nodes reach consensus using Proof-of-Stake, has been especially helpful. Kudos to Bankless Academy for their excellent work!

Last week, the community received a significant token allocation from BanklessHQ as a follow-up to the "Burn or Return" proposal released in the initial stage of the BanklessDAO brand clarification. And though the DAO has currently paused funding, the community's restructuring seems to be heading in the right direction.

Our participation during this time is crucial for moving forward. That's why this week's editorial focuses on staying engaged with the community even during this restructuring period, looking at what’s being proposed, and an aspect of what has been implemented, all to the end that we keep up with the process.

Getting our identity right will take time and effort from all of us. Let's get involved by participating in Forum discussions and attending governance calls on the governance channel. Every little bit helps strengthen the community.

Take some time to read, reflect, and recharge for the week ahead.

Enjoy your weekend, frens.

Contributors: Lucent1, Boluwatife, Tonytad, Warrior, Paulito, Vi-Fi, Kornekt, WinVerse

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🏃‍♀️ Catch up: Review this week's Community Call notes or listen to the recording.

Proposals in Discussion

Method for Restructuring the DAO, Suggestion From PM Guild

The PM Guild presented a proposal for BanklessDAO's process structure, intending to address uncertainties. This proposal suggests a phased approach utilizing the double-diamond method to define objectives and solutions. Emphasis is placed on iterative refinement and ensuring clarity among participants. You can find out more about the double-diamond approach on Forum. Check it out and leave some feedback.

Handing Over Meta-governance to DAOplomats

DAOStewards is transitioning to DAOplomats, a governance-as-a-service organization. DAOplomats, run by current and former DAO members, aims to support DAOs in governance, treasury management, and community initiatives, focusing on Optimism, Arbitrum, and SAFE governance. The transition process involves rebranding and migration of assets, with DAOplomats offering opportunities for core contributors to continue involvement.

Keeping up With BanklessDAO

Author: Boluwatife

This week's editorial will continue in the spirit of keeping up with the current state of the DAO. With funding paused, many DAO units ceased operations. However, the established practice of gathering as a community remains crucial. During the community call, it was suggested that gatherings evolve into roundtable discussions, where as a community we delve into the intricacies of the ongoing restructuring process. This could be a space for open dialogue, where ideas are exchanged, and a collective vision for the future takes shape.

The PM Guild’s Proposal for Restructuring the DAO

Speaking of visions for the future, the Project Management Guild has stepped forward with an in-depth suggestion enclosed in a proposal. Recognizing the complexities of the DAO's current state, they have crafted a plan to guide the community through the process of reimagining BanklessDAO. Let's dive into the details.

The proposal, presented by Oakfloors and r_kusti, stems from the ongoing discussions about the DAO's future direction. While duly acknowledging the countless hours dedicated by others to this endeavor, the PM Guild aims to initiate an open dialogue on how the process could be structured. The proposal’s primary focus is not to dictate the DAO's future form but to establish a framework for getting us there.

The Double Diamond Approach

At the heart of the proposal lies the concept of a project plan, which is a roadmap that would bring transparency to the current process. Drawing inspiration from the "double diamond" approach, they envision a two-phase journey.

Phase 1: "What do we want to do?" This phase would involve a comprehensive discovery process, where the desires and aspirations of DAO members are uncovered. Techniques such as DAO-wide retrospectives, guild-level discussions, and in-depth interviews could be employed to gather insights. The goal? To distill these inputs into concise statements that capture the essence of what BanklessDAO aspires to become.

Phase 2: "How do we do it?" Armed with a clear understanding of the DAO's collective vision, this phase would focus on ideating potential solutions that align with the members' desires. Different approaches would be explored, to narrow down to a few viable options.

The double-diamond approach encourages iterative refinement, allowing us, as a community, to reframe the questions we're trying to solve as we progress. It acknowledges that while consensus may seem achieved during meetings, individual interpretations of solutions may vary. This process demands ongoing dialogue and realignment.

While the PM Guild's proposal offers a structured approach, it is not without its critics. The double diamond model has faced scrutiny, with some questioning its limitations. However, the PM Guild's proposal serves as a starting point for discussion, inviting us to explore its strengths, weaknesses, and potential improvements.

DAOStewards Rebrands to DAOplomats

Shifting gears, let's delve into another pivotal development within our DAO. The DAOStewards project, which originated after BanklessDAO accumulated governance power in other DAOs and needed a platform to steward the bankless movement for leveraging governance power, is now at a crossroads. With the current lack of funding, direction, and talent pipeline challenges, a bold decision has been made. The decision is to hand over all meta-governance responsibilities to DAOplomats.

DAOplomats, a governance-as-a-service organization, promises to empower DAOs through effective governance, treasury management, grants programs, and community-building initiatives. Their expertise aims to foster collaboration and maximize positive outcomes, aligning with the spirit of the bankless movement. A proposal has already been submitted to this effect.

However, as with any significant transition, reservations and concerns have been raised. Many community members hesitate to support this initiative, citing a need for more information and clarity surrounding the proposal. The vagueness of the proposal has left some questioning the wisdom of proceeding without a more comprehensive understanding of its implications.

That will be all for this week BanklessDAO fam. Remember your opinion matters. Go share your thoughts and vote on Forum and Snapshot! We are glad that you are here with us. Have an amazing weekend folks 🥂

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