Introducing StableNode

Governance
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Name: StableLab
Delegate Address: 8GcAmPfWiBUXi3iMhDzKEaV9MHgh5m5Sij64arzk6voD
Governance tracking: Boardroom, Internal tracker
Forum: Bobbay_StableLab
Discord: bobbay#488
Twitter: https://twitter.com/Stablelab
Blog: https://www.stablelab.xyz/blog
Languages: English, Spanish, German, Dutch, Romanian, Korean, Chinese

About

StableLab is a governance firm focused on professional delegation, DAO framework design and product development. We work with various projects, from the ones just starting their journey to decentralization to the most prominent DeFi protocols.

Our systematic framework for DAOs covers governance methodologies, decentralized workforce, implementation, documentation, communication and community engagement. There is no one-size-fits-all approach, but we provide a framework of principles and tools we have developed throughout our experience.

We scale DAOs sustainably.

Experience

We are the leading professional delegate team with a track record across major DeFi protocols, including MakerDAO, Optimism, Aave, 1inch, Balancer, Element, InstaDapp, Hop and more.

We pioneer delegation work through high governance standards, extensive research, hands-on expertise and the consistent use of a code of conduct. Pushing forward web3 and DeFi since 2018, StableLab’s co-founders previously spent 3.5 years at the Maker Foundation.

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Governance delegates and roles currently (or previously held by StableLab).

View all our proposals, votes and milestones at stablelab.xyz /governance.

VALUES & CONDUCT

A. VALUES - A.R.T.

  1. Active: We participate in every aspect of the governance process, from creating and presenting proposals to providing feedback in the forums and actively voting.
  2. Research: Our decisions are backed by a team of experienced researchers and PhDs.
  3. Trust: We act unbiased and transparent, according to our code of conduct - driven by a strong set of ethics and values.

B. DELEGATE CONDUCT

  • Use values to guide actions.
  • Maintain impartiality and transparency in participation.
  • Rely on data, research and prior expertise for proposals and votes.
  • Apply battle-tested internal policies for consistency.
  • Consult with the team for quality outcomes.

Why Jet Protocol

DeFi in Solana is in its early stage, and we believe Jet Protocol is well-suited to lead DeFi in the ecosystem. With reliable governance, Jet Protocol will be able to scale sustainably. Therefore, StableLab will continue to play a key role in expanding Jet Protocol’s presence and governance.

Disclosure

Through our holding company, we have invested in multiple projects to advance growth and governance for them. See the full list here.

We contribute to various protocols’ governance, such as MakerDAO, Optimism, Aave, 1inch, Balancer, and Element. See the full list here.

When applicable, we will disclose potential conflicts of interest in our rationale.

WAIVER OF LIABILITY

By delegating to StableLab, you acknowledge and agree that StableLab participates on a best efforts basis and StableLab will not be liable for any form of damages related to StableLab’s participation in governance.

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Nice introduction, albeit a little heavy on marketing speak. Understand if not be ready to disclose more details yet so will ask a general question. What are some specific problems you see with leading DeFi governance models and how does StableNode plan to mitigate them with Jet?

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Hey, thanks for your response. Had a bank holiday weekend so didn’t see this till now.

That is a question we are currently working on. I’ll provide an overview of a few problems we’ve noticed.

  1. Voter apathy

A lack of voter participation is a consistent problem that DeFi protocols have.

Our experience working with various DeFi protocols has helped us identify a mixture of suggestions that could help mitigate voter apathy and help create an engaged community of voters within Jet Protocol.

  1. Lack of experimentation

Many DeFi protocols are not taking the opportunity to experiment with governance, which can be their downfall. Governance is a very new topic, and the lack of experience means a lot of similar mistakes are made during governance processes across protocols. Such can be researched and experimented with to try to avoid such errors.

We have worked with innovative DeFi protocols and supported them in exploring new ways to tackle governance. We would work with Jet Protocol to facilitate these discussions and encourage experimentation.

  1. The governance lifecycle

Some leading DeFi governance protocols have somewhat unclear documentation on their governance framework and the lifecycle you must follow to pass a proposal through successfully.

This obscurity prevents users from participating in governance, so only a select percentage of the token holders might get involved. We would support Jet Protocol in ensuring that they create documentation for the governance process using simple terminology and diagrams to depict the journey.

  1. Plutocracy

The large token holders may not always have direct control over protocols, but they can possess enough power to have an impact. Even though there is no clear-cut solution to this, we would continue to work with our research team and Jet Protocol to identify the best way to minimize plutocracy.

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I have noticed the Solana ecosystem lacks true thought leadership when it comes to governance as well as a lack of experimentation. A lot of DAOs are comfortable w multi-sigs and proposals/votes with lack of structure

My question is – how can StableNode help position Jet as the main governance hub on Solana? How can we position ourselves to be the thought leaders in the space.

Governance structure and process, community engagement, and our flight path towards true decentralization means the world to us. We take on the challenge to lead the way in the Solana ecosystem.

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Thank you for the question.

StableNode will help to make the governance more active as well as frameworks to further expand the Jet governance ecosystem. Once both Jet’s governance framework and experience grow, other protocols on Solana will likely utilize many parts of the Jet’s governance and thus allow the Jet protocol to be a thought leader in the space.

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