--- tags: Operations --- # xDai DAO Mirror the price of gas and the price of eth is high and may stay that way for a while. A proposal through the full voting period and processing will cost 200dai or more. With these fees I think we will die by a thousand cuts on mainnet. New members and proposals have slowed down a lot after gas pump in defi summer. To combat this and not slow down our dao any further I propose we migrate a portion of our funds to a xdai DAO. ## Option A) 2 DAO system ### Mainnet treasury DAO (Angry Dwarfs) Mainnet dao will be for some treasury management. so 30% will be held in mainnet and staked into some yield tokens or dai. Proposals will be by people that wish to manage treasury to move funds between dao/multisig/defi. No new members will be added to this dao unless they are Angry Dwarfs. Current members will be responsible to audit Angry Dwarfs ### xDai Operations DAO the remaining 70% will be moved to a xdai DAO that is a mirror of the mainnet dao. this dao will handle all Grants/RIPs/Funding and new membership. Clients will be suggested to use xdai when possible. if not possible main net can still be used to receive funds. treasury should be able to keep the books balanced across chains. ### Rebalancing Every other month a rebalancing of funds across chains should happen. The goal is to keep a 70-30 split. ## Option B) 1 DAO on xDai Migrate all weth and Dai to xdai dao. 30% used to play new 1hive defi potocols on xdai aave/honeyswap. Treasury rebalances 30/70 split every few months. leftover mainnet funds (mainly ptokens) can be ragequit out whenever. ## Migration Process - make mirror dao on xdai - proposal for mainnet bank weth/dai into multisig (3of5) - bridge weth to xDai multisig (3of5) - wrap xdai to wxdai - Deposit into xDai DAO ## Cost and timeline week 1 - mainnet proposal 200dai - use current RG multisig day 8 - mainnet bridge 50dai - summon xdai dao .007xdai https://app.daohaus.club/dao/0xe92ece9ccc233859c19057024583a80e6cd1f4b4/members - xdai transfers .001xdai ## Possible concerns * mainnet dao will be harder to RQ from and all new members will be on xdai. * new members will not have access to mainnet funds in ragequit. - should discount membership, we need to anyways because 1300dai for a member ship is very high. 30% discount at least, maybe we set flat rate of 500dai * introducing risk to mainnet funds by playing defi and swaps * extra treasury work and recurring angry dwarf RIPs * more overhead to maintain 2 daos * client and member overhead to use xdai. ## Benefits * cheap, almost free, transactions * more onchain experimentation available for nfts/reputation/dao addons * many new daos and projects will be on xdai