The following proposal was prepared by Joe Charlesworth from Aragon, following meetings and correspondence with PPI Board members. [Upon review and consultations] we might not require statute changes. We ask the community to assist [with the discussion]. I paste the exact proposal as presented.
Key Requirements Understanding
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Set up a PPI DAO to be able to accept payments in cryptocurrencies from PPI members.
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Allow payments from this DAO to be transparently accessible
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Don’t incur huge gas fees associated with payment transactions
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Enable PPI members to be able to vote on proposals (financial or non-financial)
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Test the use of DAOs for eventual adoption by other PPI members in their respective organisations.
DAO Implementation Proposal
a) Use an Aragon DAO, powered by Aragon Govern. This is an optimistic governance framework meaning that you can specify in advance which actors are allowed to do certain actions, such as making payments. This avoids members having to vote on every proposal which can lead to governance fatigue. I’d like to point out that Aragon Govern is our latest DAO technology, still experimental and not Ethereum Mainnet battle tested unlike Aragon Client. If you would like to inspect the source code for this technology, you can find the Github repo here.
b) This DAO can be used to collect payments in cryptocurrency from members. This would however be limited to ERC20 tokens (so ETH, USDC, DAI, USDT etc).
c) The PPI DAO would have it’s own token. This can be a voting only token and need not have a monetary value. Delegate voting is also an option.
d) Depending on your exact requirements and timeframe, we can probably help you build a custom interface for your DAO hosted at dao.pp-international.net that will enable members to undertake key actions such as paying membership fees or voting on PPI proposals. A payment page could also be added to this sub-domain so that members can pay their yearly membership fee in crypto. We’d have to put a monetary cap on this support of $2.5k worth of development time and the scope of work would need to therefore be clearly defined.
Whilst we don’t usually offer this perk to other organisations, in this particular case, we’re keen to support PPI with the development of a user friendly DAO and think having professional expertise on-hand that is familiar with the Aragon stack would help accelerate the development.
If you want members to continue being able to pay with credit/debit card, Transak or another on-ramp provider could potentially be used for collecting fiat funds and automatically convert them into crypto before forwarding them on to the PPI DAO. This ensures that all membership fees coming in and out are publicly viewable and inspectable by the PPI community.
e) To avoid the PPI community of members from having to spend hundreds / thousands of dollars on Ethereum transactions, the DAO would ideally be setup on one of the Ethereum sidechains, such as xDAI, Polygon, Arbitrum, Optimism or BSC. The result should be a few cents/dollars to process a DAO transaction (NB - voting is free for members if using Aragon Voice). It should be noted that these sidechains are not as secure as Ethereum, nor as decentralised. They do however tend to be much more affordable and practical for your specific use case.
Lastly, to manage expectations, DAO technology is still experimental and it may not yet be suitable for the whole PPI community, especially members which are less technologically inclined. I firmly believe however it will become an increasingly important tool for organisations such as PPI & network Pirate Parties around the world to leverage and it’s exciting to be pushing the boundaries of what’s possible together.
have you shared this with Marco already?