TrueFi DAO Challenges and Opportunities

1

I would like to start the ball rolling on defining the challenges and opportunities that TrueFi will have to manage as an independent DAO. Some of these areas are already well addressed, while others may need improvement. I hope this can be used to identify gaps and find new opportunities.

Please suggest more as you see them. I intend to update over time.

Governance Framework:

  • Defining roles and responsibilities
  • Gathering stakeholder feedback
  • Principal-Agent Problem

Proposal Framework:

  • Vote participation and delegation
  • Templates for proposals?
  • Implementation of proposals

Portfolio Managers

  • Underwriting
  • Incentives
  • Tranching
  • Whitelisting
  • Automated Lines of Credit

Decentralized Lending Pools:

  • On-ramping and off-ramping funds
  • Integration with portfolio managers
  • Integration with other DeFi Apps
  • Initial underwriting
  • Ongoing risk monitoring

Branding and Websites:

  • Managing protocol frontend
  • Managing social media
  • Advertising

Ease of Integration for partners:

  • On chain integration
  • Off chain Integration

TRU Tokenomics

  • Incentivizing users
  • Token liquidity
  • Providing value to holders
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2

Here is this doc in Google Docs format, for anyone who wishes to suggest additions or changes in an alternate format.

TrueFi Challenges and Opportunities - Google Docs

3

This is a great comprehensive list! I’d like to spend some time over the next two weeks on the first two items in the #dao-policy-committee discord channel. We’ve done some work on the overall governance structure but a lot more work needs to be done to iron out the details and begin implementing.

DAO governance and the proposal process is a muscle that we’ll need to start developing now that the DAO & Foundation are operational.

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4

Thanks for putting this together @Codeknight. I’d like to be a part of above discussions… especially ones intersecting our products, here are two topics that I think we need to solve relatively soon:

  • whitelisting Portfolio Managers
  • whitelisting Borrowers for ALOCs, or ALOC factories for entities like dYdX
  • managing current Legacy Pools before we move to new ones

We can not have gov proposals every time one of the above actions is needed ^^

My first thought would be we need some sort of multisig appointed by the DAO to handle all of them (at least as a temporary solution). It boils down to assembling the right team behind the multisig.