Welcome to the Governance Newsletter #67! This week we have three passed proposals, one active proposal and an ideation post as well as several forum posts—all available in full length in the ShapeShift forum. To stay up-to-date with the governance, please subscribe to the ShapeShift Transparency Youtube channel. Let’s continue to DAO it!

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Cosmos Validator Renewal

SCP-110 Final Results

Total Proposed Budget: $0

  • With the passing of this proposal, ShapeShift DAO renews the cooperation with TaxiStake and updates the terms of running the Cosmos validator for the DAO.

ETH Denver 2023 Travel Reimbursement and Supplemental Material Costs

SCP-109 Final Results

Total Proposed Budget: $7,000

  • By passing this proposal, ShapeShift DAO approves covering costs and reimbursing travel for DAO members who help out at ETH Denver 2023.

ShapeShift FOXChain Proposal (Phase 2)

SCP-111 Final Results

Total Proposed Budget: $0

  • With the passing of this proposal, ShapeShift DAO approves the creation of the Arkeo workstream, approves the proposed airdrop spec, and appoints Chad Barraford as the workstream leader with a mandate to deliver on the scope discussed in this proposal.


Governance Voting Enhancement—Shielded Voting

SCP-112 Current Results

Total Proposed Budget: $0

  • The goal of this proposal is to implement an upgrade to the current voting process by using shielded voting. Shielded voting is a voting mechanism offered by Snapshot that is deployed on the Shutter Network, using cryptographic thresholds to prevent the front running of votes.
  • Threshold cryptography would enable a group of key holders to create a cryptographic lock that can be opened if a threshold of members (key holders) participate/collaborate. This process would ensure that no one person or group of people would have access to unlock voting results early to potentially influence a proposal.