Hello! My name is Gosha. Some of you may know me as an LP Army Mod — I have been around Meteora for a while. Although not as OG as some, I have been in the community for more than a year. In this time, I was always active in terms of communication with the community — speaking out on community calls, addressing concerns in tickets, helping out with Bootcamps, processing relief efforts and many more.
Throughout this journey I was always fascinated with the community we have. Fact of the matter is, in ruthless crypto-world of endless P2P, the fact that the community of such amazing people sprung here, was amazing, But not shocking — because the reasons were pretty clear. By learning together, by LPing together in near-empty pools we helped each other without making any “concessions” to our profitability.
LP Army since than has grown into a powerful, unstoppable force. Even through massive challenges like last February, we managed to stay united and committed to our purpose — growing Meteora’s users, and, crucially, make those users understand how LP works, growing alongside them. Achievements of the LP Army, given its relative size, are mind-blowing.
With the new leadership of Meteora, the LP Stimulus proposal was brought up to light. This does not mean we have reached our goals and something is necessarily happening soon — MET still requires Meteora (and us as the community) to reach goals established, and, supported, at least from my perspective, by the majority of the LP Army.
What is lacking from this - is the discussion on what MET will be, what impact it will have and how much are we ourselves ready. This discussion is really important. I would even frame it as one of the goals which should stand BEFORE any token release.
The primary focus of mine is relations between 3 entities: Meteora, LP Army and the token. These should be figured out — we must be ready. If we are not, we will face consequences in the form of disappointing the community, which we can not afford.
This is not a proposal itself — the draft I am refining is too big of the project to share yet, as my research extends to several protocols governance structures. I am currently in talks with several DAOs to figure out how they manage themselves, trying to understands both their successes and failures.
My project-proposal will go in 3 stages:
Establishing goals (Call for community contribution) > First draft, arguments for specific approach, brainstorming > Final, “Grand Draft” which will look like constitution-like document (see point 2 below, “Defined rules”)
Overarching goals:
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Effective, straightforward governance. A lot of protocols face lackluster holder participation, while those that do have it struggle with too much voting and clumsiness.
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Defined, predictable rules. Major DAOs with billions in stake seem to be plagued by “uncertain” rules of protocol governance — this negatively impacts everyone. Defined rules on the other hand ensure community & holders are certain in how they participate and how DAO works.
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Strategic alignment. This means creating space of maximum alignment of Meteora & LP Army & token itself. Remember, in a big difference from other places, Meteora is a constant source of additional revenue or even a full-time job for some in the LP Army. We should ensure that we align these stakeholders in.
My initial thoughts are:
- Keeping LP Army as leading community and the main stakeholder of MET DAO, preserving it structure while incorporating MET token into it and allowing holders to have a say in the community. This needs to be properly thought out.
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Figuring out the voting system — my proposal will incorporate “Delegation” initiative as opposed to ASR as a basis of voting, although I propose keeping ASR as well. Full explanation will come after refining it further and listening to the community. (Step 2)
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Making token not only empower LP Army, but also bring value to experience of LPing.
THIS IS A CALL TO YOU — please, comment under this proposal, reach out to me on Discord & Twitter. Whenever you are yourself participant in other DAOs and want to share you experience, or you just had some thoughts in what you want to you see.
We as community should figure it out to be ready in future — this will be better off with a plan. Failure to establish this plan will have a negative impact on all of us.
Time is on our side - time for discussion, deliberation and time to deliver results. But time is not limitless - so lets start.
Once again — please, reach out to me in any form you want. Let’s build together.
Expect updates from me soon.
Best wishes,
Gosha