Welcome to the first Superfluid governance update.
These updates aim to grow governance transparency and engagement and will share what happened so far, what’s in progress and what’s next.
TLDR
Superfluid DAO’s bootstrap phase - launched with the SUP governance token - is wrapping up later this month as the DAO becomes fully operational. So far, 30,000+ users across 7 Superfluid-powered apps have earned over 35 million SUP in Season 1. Season 2 is coming up next and will continue to drive distribution of SUP to more users of ecosystem apps.
What happened so far
Governance
- Superfluid Foundation formed to facilitate the governance of Superfluid protocol by its stakeholders and contributors towards the protocol’s vision of creating a world where everyone earns onchain, every second.
- Superfluid DAO Governance and Tokenomics and Constitution set the governance and organisation framework of the DAO.
- ProtoDAO formed to support the protocol’s governance until the DAO is fully operational.
- Delegates began registering and establishing their delegate threads on the Delegate Platform to explain how they are representing token holders: making informed decisions on their behalf, staying accountable, maintaining transparency and assessing how proposals align with the Superfluid protocol’s vision.
Proposals
- SIP #1 Ecosystem Campaigns - Season 1: ProtoDAO voted to kick off SUP distribution to users of ecosystem apps through SPR (Streaming Programmatic Rewards)
- SIP #2 DAO voting: ProtoDAO voted to eliminate themselves and transfer voting powers to the DAO, effective from end of Season 1. The proposal also included testing the DAO voting process with a live DAO vote on SIP #3, and fine tuning the Constitution on who can propose a vote after Season 1: anyone with +1% of votable tokens
- SIP #3 Community Bounty Pool: DAO voted to advise Superfluid Foundation to progress discussions and implement the Community Bounty Pool with Sherlock.
Resources, Tools, Events
- Superfluid Governance Forum launched on Discourse
- Superfluid Snapshot voting platform launched, with voting participation on the first DAO vote from 800+ delegates and holders, covering 19.9 million SUP = 60% of votable tokens at that time
- SPR Dashboard v1 released, to track progress and impact of Season 1 campaigns
- Superfluid Roundtable #1 open event held on Superfluid Discord where the community shared feedback and updates covering building opportunities and governance
What’s in progress
Invitation is open for ecosystem apps and projects to join SPR Season 2
Community members are invited to suggest ecosystem apps and projects for inclusion in Season 2. Please submit these by
Tuesday 6th May
What’s next
Pending the pitches from Season 2 applicants and Season 1 impact data, a proposal next week for Ecosystem Campaigns Season 2 will kick off Season 2 which is scheduled to go live on 20th May.
How to get involved
Earn SUP by using Superfluid ecosystem apps here
Join the live discussion and suggest apps and projects for inclusion in Season 2 here
Join the next Roundtable event on Thursday 15th May here