

Here we discuss some of the governance frameworks of different DAOs.
What is DAO Governance?
In our previous article looked at some examples of prominent Decentralized Autonomous Organizations (DAOs) and some of the current issues associated with DAOs, including the centralization and decentralization spectrum and the optimal number of DAO members. The growth of DAOs is taking many forms and the diversity improves both the functionality and interpretation of the groups.
Different Governance Models
Friends With Benefits (FWB)
FWB has a governance framework that includes four roles:
- Governance - the $FWB token holders who vote for changes and engage with the governance through forums.
- Board - consisting of team members, advisors, and community members who focus on building effective strategies for community building
- Team Leads - members who manage the team of contributors. They are selected on the basis of their previous experience. They approve funds for bounties or rewards, set key priorities, and collaborative success.
- Contributors - members holding the $FWB token. Contributors power the team through active participation and are rewarded based on their contribution level.
Contributors receive calls to action to join the team based on their skill sets, experience, and interests. Team leads arrange weekly one-on-one meetings with the board to discuss challenges, priorities, and KPIs. Team leaders and the board report through monthly meetings with updates.

OrcaProtocol
The Orca Protocol aims to construct governance around persons and around small working groups known as “pods.” Each pod has a Gnosis safe multi-sig wallet, ENS name, NFT image, and a dedicated pod URL. Because––in essence––OrcaProtocol is a constellation of small working groups, these small working groups are better able to move and decide on actions without affecting the larger group, which would create organizational friction.

Within each pod itself, there are different governance models:
- Dictator: where a person is serving as admin and has control.
- Token republic: token holders all serve as admin by making decisions on membership and asset management.
- Round table: no admins, and all decisions are made by the collective.
- High council: a group serves as admins to support the rest of the organization.
- Embedded admins: each pod would have one elected member to serve as the admin.
GitcoinDAO
Gitcoin allows users to engage in platform administration by using their gitcoin tokens. Gitcoin is pursuing a gradual shift to total decentralization, with the community eventually taking over platform administration. Initially, Gitcoin stewards were entrusted with establishing policies for Gitcoin Grants. As of October 2021, this shift will be led by community "stewards."

The core operations of the Gitcoin governance process revolve around a variety of defined "workstreams," which appear to be basically broad categories. Public Goods Funding, Public Goods Prototyping, Sybil Defenders, and Progressive Decentralization are the main workstreams right now.
Enlisting the cooperation of society to invest in public goods and creating criteria for numerous financing rounds is referred to as public goods funding. Sybil defenders devise techniques to keep Gitcoin safe from Sybil attacks. Gitcoin's architecture becomes more modular and simple as decentralization progresses, making community governance easier.
Gitcoin is a platform for a community of contributors and programmers that want to work together to build a more open network. Gitcoin continues to advance Web3, the distributed web, by providing a mechanism for allocating funds to key open source projects through an open governance structure.
Bottom Line
DAOs, as internet-native organizations, can transform corporate governance. While the concept grows and the legal gray area in which they operate is addressed, an increasing number of organizations may adopt a DAO model to help manage parts of their operations.
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro

The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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