0xffaf6202…8d99sent to0xa5bf9a9b…33a4·#20,820,663·view on Etherscan
On May 31, 2024, we posted [our previous propdate](https://www.updates.wtf/update/458-2). In that propdate we shared our desire to talk to the community more often about the DAO’s protocol/solidity needs and priorities. Shortly after that post we began working with the Foundation on their exploration of an alternative legal structure, which required discretion until we were ready to share the results of our efforts. Because a core value of ours is to be as transparent and open as possible, this was a frustrating period for us, and we are aware it has had a negative impact on our relationship with the community. Now that more information is public, we’re excited to share more about what we’ve been working on.
## Nouns (NFT) Governor
* At the beginning of June we started working on a granular delegation design, in order to get the core benefit of Nouns Governor without the significant security risk we had discovered in May. We wrote some internal specs and [proof of concept code](https://github.com/verbsteam/granola/commits/main/).
* On June 10th we posted [the feasibility issue we encountered](https://mirror.xyz/verbsteam.eth/gnTdSqqiZC7OmqL8Dix-hEek5Sim1abC1BsZNm9_h-s).
* On the same day we made a first attempt at a [farcaster channel + rounds.wtf round](https://warpcast.com/el4d/0x2a329e83) to have more protocol discussions.
* On June 24 we started the DUNA exploration project, which quickly led to the decision to pause work on granular delegation.
## DUNA Exploration
* On June 24th we spent the week with the foundation and its advisors kicking off the long and challenging process of exploring and recommending a new legal structure for the DAO. It has been our active project ever since.
* A major area of exploration was minority protection. We explored various versions including no exit, proportional exit, and various refund mechanisms. This work included many starts and stops, internal spec documents, proof of concept code, back and forth discussions with advisors, and frequent discussions with foundation members and other DAO members.
* Other areas of exploration included past and present compliance, including analysis of past transactions, and speccing how the DAO should operate within the new DUNA structure. This work touches on topics such as tax, AML/OFAC compliance and KYC, and how protocol design can best support DAO/DUNA needs.
* While this is an ongoing area of research with some sensitivities, if there’s a particular area of work you would like to get more details on, please reach out to us.
## What’s Next
Assuming the DAO votes to transition to a DUNA structure, we will work on relevant protocol changes; some examples:
* **Minority protection with Streams**: starting with getting consensus on the mechanism described [here](https://mirror.xyz/verbsteam.eth/jFi5T0aehwZws7Q6jdRn8xZmORu25TiyWz4G5LAHuaU) via proposal.
* **Sanctions check** on bidders participating in the auction.
* **KYC** **grant recipients** as part of the proposal lifecycle.
If the DUNA transition does not occur, we will reevaluate our priorities and communicate with the community promptly.