ButterAave Delegate Campaign
Hi, we’re Butter. We’re building a DAO that improves DAO governance as a participant in DAO governance. You can learn more about our approach and the rationale for this campaign here and in our original Aave governance forum post here. Below we detail our first step towards launching Butter: A 3-month incentivized delegate campaign at Aave. To summarize, the campaign tests the effect of incentives on (i) who chooses to become a delegate and (ii) their behaviour once they are active in governa...
Butter🧈x👻 Delegate Election: An Analysis
The Aave community has successfully elected a delegate for a three-month campaign as part of the Incentivized Delegate Campaign organized by Butter. The election saw a high level of participation, making it one of the most active proposals in the history of Snapshot proposals for Aave.Election SummaryOn March 23rd, we initiated a Temperature Check to select a delegate for a three-month incentivized Delegate Campaign. Funded by a $15k AAVE grant from the Aave Grants DAO, the campaign aimed to ...
ButterGG: Governance Games at Edge City
This June, we hosted our inaugural governance and mechanism design event, GG, sponsored by Uniswap Foundation. The event took place at Edge City’s pop-up city, Edge Esmeralda, located in Healdsburg, California, marking a major milestone for our research into protocol governance.Why GGDavid Minarsch on 'Autonomous Agent AI Economies'The protocol governance ecosystem divides into two distinct groups: those who make governance decisions and those who build the systems they use. A third...
Butter is a protocol for DAO Governance Find out more at https://butterd.notion.site
ButterAave Delegate Campaign
Hi, we’re Butter. We’re building a DAO that improves DAO governance as a participant in DAO governance. You can learn more about our approach and the rationale for this campaign here and in our original Aave governance forum post here. Below we detail our first step towards launching Butter: A 3-month incentivized delegate campaign at Aave. To summarize, the campaign tests the effect of incentives on (i) who chooses to become a delegate and (ii) their behaviour once they are active in governa...
Butter🧈x👻 Delegate Election: An Analysis
The Aave community has successfully elected a delegate for a three-month campaign as part of the Incentivized Delegate Campaign organized by Butter. The election saw a high level of participation, making it one of the most active proposals in the history of Snapshot proposals for Aave.Election SummaryOn March 23rd, we initiated a Temperature Check to select a delegate for a three-month incentivized Delegate Campaign. Funded by a $15k AAVE grant from the Aave Grants DAO, the campaign aimed to ...
ButterGG: Governance Games at Edge City
This June, we hosted our inaugural governance and mechanism design event, GG, sponsored by Uniswap Foundation. The event took place at Edge City’s pop-up city, Edge Esmeralda, located in Healdsburg, California, marking a major milestone for our research into protocol governance.Why GGDavid Minarsch on 'Autonomous Agent AI Economies'The protocol governance ecosystem divides into two distinct groups: those who make governance decisions and those who build the systems they use. A third...
Butter is a protocol for DAO Governance Find out more at https://butterd.notion.site
Subscribe to Butter
Subscribe to Butter
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
In this post, we'll walk you through the three phases of the coming Aave Delegate Campaign and provide clear instructions on how you can make sure your voice is heard and your vote is counted.
Make sure you’re familiar with each delegate’s Delegate Initiative before participating. We’ll use the initiative to assess their participation in governance during and after the campaign.
Before we get into the details, a quick reminder that this is still a pilot, so things are a little more clunky than you’re probably expecting. With that in mind, we recommend reading this post carefully to ensure you understand how to participate.
Let’s get to it!
========================================================
If you do anything, read this section. Still too much effort? Add the calendar
========================================================
The campaign is split into three phases:
Election Week: Elect a delegate from the 13 candidates on Snapshot—live now
Delegation Week: Delegate to the winning delegate—NFTs for delegatoors
Campaign: Your delegate represents you in Aave governance. We send them AAVE
*April 3, 2023, 12PM EDT - April 10, 2023, 12PM EDT. Add the Calendar here.*
Visit Aave’s Snapshot space to participate in the election phase, which is live ⚡️
By participating, your address will be eligible for a badge you can mint after the delegation phase.
Review the 13 delegate candidates’ Delegate Initiatives
Vote for your favorite candidate using Snapshot’s Weighted Voting System. Weighted Voting allows you to split your Aave among all 13 delegates and weight your vote depending on how much you prefer each candidate, e.g., 10 AAVE on Candidate A, two on Candidate B, and three on Candidate C. You can find more information here.
Butter will report on delegate and tokenholder voting behavior during the election so the process is transparent and easily auditable by all tokenholders.
The winner will receive voting power delegated during the delegation period for three months (instructions below)
Election Week finishes on April 10, 2023, at 12:00 PM EDT.
April 10, 2023, 12 PM EDT - April 17, 2023, 12 PM EDT. Add the Calendar here.
After the election concludes, the delegation window opens for seven days, until April 17, 2023, at 12:00 PM EDT. Delegates, if not already active, can commence their governance duties from April 10, 2023.
Tokenholders can now select one of the following delegation options:
Manually delegate to the winning candidate using one of the following ( sorted alphabetically):
Deposit into our Enzyme Vault (details to follow). The vault will automatically delegate all voting power deposited to the winning delegate. AAVE can be retrieved from the vault at any time.
Badges are claimable by addresses that have participated in the election, delegated to the winning address during the delegation window, and remained delegated until the end of the campaign.
NFTs will be sent to participants who delegate using vault delegation.
Butter will report on delegate and tokenholder voting behavior during the delegation period so the process is transparent and easily auditable by all tokenholders.
Tokens delegated using either method must be maintained for the duration of the three-month campaign (April 17, 2023 - July 17, 2023) to be eligible for delegation badges or NFTs.
April 17, 2023, 12 PM EDT - July 17, 2023, 12 PM EDT. Add the Calendar here.
Reporting: During the campaign, Butter will monitor the elected delegate based on the commitments and KPIs detailed in their Delegate Initiatives.
Compensation: One-third of the ~222 AAVE provided as a grant by Aave Grants DAO will be distributed to the winning delegate each month, redeemable at the end of each month.
Closing:
As the campaign draws to a close, the next election will be announced, and the subsequent round of delegation will begin.
Butter will provide closing reports on delegate performance during the campaign.
If you need assistance, please jump into our Discord and throw your question in the #support channel. Someone will be in touch ASAP.
Participating in Butter’s pilot Delegate Campaign provides a unique opportunity to shape Aave and the future of DAO Governance.
Follow the instructions above to ensure your efforts aren’t wasted, and don't forget to stay updated on campaign developments by following Aave on Twitter, Butter on Twitter, and joining the Aave forums.
Good luck!
In this post, we'll walk you through the three phases of the coming Aave Delegate Campaign and provide clear instructions on how you can make sure your voice is heard and your vote is counted.
Make sure you’re familiar with each delegate’s Delegate Initiative before participating. We’ll use the initiative to assess their participation in governance during and after the campaign.
Before we get into the details, a quick reminder that this is still a pilot, so things are a little more clunky than you’re probably expecting. With that in mind, we recommend reading this post carefully to ensure you understand how to participate.
Let’s get to it!
========================================================
If you do anything, read this section. Still too much effort? Add the calendar
========================================================
The campaign is split into three phases:
Election Week: Elect a delegate from the 13 candidates on Snapshot—live now
Delegation Week: Delegate to the winning delegate—NFTs for delegatoors
Campaign: Your delegate represents you in Aave governance. We send them AAVE
*April 3, 2023, 12PM EDT - April 10, 2023, 12PM EDT. Add the Calendar here.*
Visit Aave’s Snapshot space to participate in the election phase, which is live ⚡️
By participating, your address will be eligible for a badge you can mint after the delegation phase.
Review the 13 delegate candidates’ Delegate Initiatives
Vote for your favorite candidate using Snapshot’s Weighted Voting System. Weighted Voting allows you to split your Aave among all 13 delegates and weight your vote depending on how much you prefer each candidate, e.g., 10 AAVE on Candidate A, two on Candidate B, and three on Candidate C. You can find more information here.
Butter will report on delegate and tokenholder voting behavior during the election so the process is transparent and easily auditable by all tokenholders.
The winner will receive voting power delegated during the delegation period for three months (instructions below)
Election Week finishes on April 10, 2023, at 12:00 PM EDT.
April 10, 2023, 12 PM EDT - April 17, 2023, 12 PM EDT. Add the Calendar here.
After the election concludes, the delegation window opens for seven days, until April 17, 2023, at 12:00 PM EDT. Delegates, if not already active, can commence their governance duties from April 10, 2023.
Tokenholders can now select one of the following delegation options:
Manually delegate to the winning candidate using one of the following ( sorted alphabetically):
Deposit into our Enzyme Vault (details to follow). The vault will automatically delegate all voting power deposited to the winning delegate. AAVE can be retrieved from the vault at any time.
Badges are claimable by addresses that have participated in the election, delegated to the winning address during the delegation window, and remained delegated until the end of the campaign.
NFTs will be sent to participants who delegate using vault delegation.
Butter will report on delegate and tokenholder voting behavior during the delegation period so the process is transparent and easily auditable by all tokenholders.
Tokens delegated using either method must be maintained for the duration of the three-month campaign (April 17, 2023 - July 17, 2023) to be eligible for delegation badges or NFTs.
April 17, 2023, 12 PM EDT - July 17, 2023, 12 PM EDT. Add the Calendar here.
Reporting: During the campaign, Butter will monitor the elected delegate based on the commitments and KPIs detailed in their Delegate Initiatives.
Compensation: One-third of the ~222 AAVE provided as a grant by Aave Grants DAO will be distributed to the winning delegate each month, redeemable at the end of each month.
Closing:
As the campaign draws to a close, the next election will be announced, and the subsequent round of delegation will begin.
Butter will provide closing reports on delegate performance during the campaign.
If you need assistance, please jump into our Discord and throw your question in the #support channel. Someone will be in touch ASAP.
Participating in Butter’s pilot Delegate Campaign provides a unique opportunity to shape Aave and the future of DAO Governance.
Follow the instructions above to ensure your efforts aren’t wasted, and don't forget to stay updated on campaign developments by following Aave on Twitter, Butter on Twitter, and joining the Aave forums.
Good luck!
No activity yet