Opening Ceremony Drop #1: Org, Governance & Roadmap Update
Wow. That escalated.
Templars were summoned..
Incense was burned..
Community grew from ~2,000 to this…
Posting almost 280,000 messages across 100 channels..
It’s been a wild three weeks.
Oh, and things got pretty weird for a while.
We love weird.
Where to from here? Roadmap update.
If you’ve been around for a while, you know that TempleDAO is for long term wealth creation, where you come to stake, sleep easy, and chill.
You may have caught our prior articles and call to prayer sessions, where we expressed our priorities as:
A. Core temple mechanics (see article series on principles and mechanics):
- TempleDAO principles and the intrinsic value concept
- Mechanics 1: Safe Harvest & intrinsic value (👈 important context)
- Mechanics 2: Safe Premium
- Mechanics 3: Bonus Rewards
- Mechanics Part 4: Unstake Queue & Temple Defend
B. Automating staking opportunities for more assets (see earlier roadmap article):
In updates since, however, we have leaked a few crumbs of alfa on social incentives, rituals, and so-far-unhead-of DeFi meets community meets gaming, NFT, metaverse culture mashups.
Team smoking incense? What does this have to do with $TEMPLE / stake-any-asset and chill?
Or to put the question more eloquently:
Excellent question fren.
Short answer: $TEMPLE tokenomics and protocol health through expansion (i.e. stake any asset) remains top priority. However we have accelerated our one-of-a-kind governance approach to respond to the (insane) level of community talent that has come forward.
Here’s a longer answer:
Any organization that wants to grow has two big challenges:
- Attracting high quality people that are excited about contributing
- Prioritizing the right mix of projects that collectively address the short term, medium term, and long term growth
We have smashed the first challenge. Yes, we hoped that in time TempleDAO would attract enough amazing Templars that would want to help build the Temple.
But we did not expect a flood of amazing Templars knocking down the gates to contribute before we even launched.
We believe that this flood was in part because we made it difficult to get into the Temple.
This contrarian attitude to launching a product increased the average quality of Templar that joined our Discord. Have you seen most pre-launch rank-farming communities? Shheeeeesh. The Temple became a high quality environment that more people wanted to join, and more people wanted to stay.
Faced with this observation, we had two options.
Option A) Continue launch process as planned.
This means opening the Temple so anyone that knows how to buy a token on Uniswap can enter on the same terms as the Epic and Deserving Templars… and in doing so, dilute the community significantly.
By doing this, we may have been able to spend more time on next step growth, e.g. our stake any asset plans, but it would have mostly been done by the team in a silo from the community wanting to help as we hadn’t yet launched the necessary governance structures.
We could have tried to onboard community members into the siloed team… but we would be ultimately bottlenecked by existing team capacity to do so.
So what would we end up with?
A diluted community AND cannot capture the overflowing community creativity, ideas, and effort.
Outcome: we lose a bunch of willing contributors to other projects.
Option B) Re-prioritize our plans to allow us to decentralize the team (more on this later) WITH the right social incentives to stay focused on high average quality rather than raw volume.
This means reorganizing Discord, the team structure, and decision making. This means changing the Opening Ceremony plans to some very Temple themed processes that must be followed if you want to access the best offers.
But Opening Ceremony is no Fire Ritual. This is open access. In the Opening Ceremony anyone can buy Temple, and anyone can rise in rank and contribute to building the Temple (if you take the right steps and play the right game).
We don’t want to exclude anyone. But we want to create the right incentives that naturally select for long-term holders, and highly valuable community/team members.
This will create a solid core that will sustain growth for a long time AND allow us to engage the many people in the community today that want to contribute in larger ways.
We chose B).
But it is not as simple as making everything a community vote.
We must be grateful for the very early pioneers like MakerDAO, and we must learn from them. Just because DeFi mechanics make it possible to give everyone a vote on everything, does not mean it is the best way to run an organization. Most people don’t care about most issues, and the organization loses its nimble responsiveness to grow and adapt as its constrained to only passing things it can get the whole population to agree and vote on.
What we want is not “everyone can vote on everything”, but instead “the right person can make the decision” and “anyone can become the right person”, i.e. there is no centralized control over who takes what role.
This is a subtle but hugely important distinction. Everyone voting on everything is open access, but it is also a painful experience that most people won’t want to engage with.
Creating the right set of incentives so that people can enjoy rising the ranks of the organization in a permissionless way, and then being able to make decisions and contribute to decisions that they care about and have expertise in — this is utopia.
And FYI, many sophisticated DeFi protocols already run on a simple version of this system, e.g. Yearn, Synthetix, and other communities vote to elect members to a council, and this council makes governance decisions, controls multisig wallets, etc. This provides open access (anyone can get voted in) but saves “everyone voting on everything” pain.
At TempleDAO, we want to push the sophistication of our organizing model very hard. As far as we are aware, further than anyone else ever has.
To truly Open the Temple to the community, we have prioritized development of our social / governance / organizing model over the last few weeks — and today, we make our first release.
Before we give full details on our Organization 2.0, let’s finish answering @basedpotato’s question. What’s our roadmap now?
Every 4–6 weeks we will make a major Temple Release (likely on each New Moon), which will include a mix of improvements stepping us forward in each of these three categories:
Core $TEMPLE (short term): Improving exit queue, Temple Defend, Temple Offence (has anyone heard details of this yet? kek), price stabilization features (big concept here to drop), and more..
Temple Growth (medium term): Many opportunities in staking and automating different assets, and some not-yet-released work in the boosting rewards space and price stabilization as a service space.
Temple Innovation (long term): We see a pathway to something groundbreaking that blends DeFi, Metaverse, community, NFTs, and gaming. We will take steps towards it each release, but the Grand Temple won’t be Built in a Day.
We have a lot of progress in the short term, significant progress in the medium term, and some progress in the long-term. We will be pushing on these fronts hard in the coming releases.
Ultimately though, decisions on what we include in each release, and the contributions to actually deliver it, will increasingly be turned over to the community. The existing team will be here long-term to advise, build alongside you, and do everything we can to make this Temple fire… but the decision as to what we prioritize will ultimately be up to you.
Which brings us to:
Organization 2.0. Discord & Governance Update.
Today, the community and the team/contributors operate as two separate groups.
This approach is common in most companies today: users on the outside, team on the inside, a formal communication/support system that interfaces between them. There is a relatively thick wall between users and the team.
Decentralization changes this, and DeFi has pushed the blurring to an extreme:
What is the difference between a user, team member, community member, or even an investor?
It is increasingly difficult to tell, and we think this is fantastic. Why have arbitrary barriers, categories, and opportunities to different groups of people?
We want to knock down barriers, increase fairness, and unlock growth in a way no centralized organization can replicate.
To do this, it should be simple: The most engaged and helpful people should be able to give to the Temple no matter their ‘category’ — and the Temple should give back to them.
- You don’t need to be early (though sure joining early is better than late…)
- You don’t need to be an insider friend of the founders
- You don’t need to be an investor with whale bags (though fairness for all means fair for small fish and whales…)
Your status doesn’t matter. But if you offer more to the Temple, the Temple offers more to you.
Anyone can earn any position with the Temple from ‘chiller growing their bags’ through to ‘core team member’.
Not only community decision making.
Not only more transparent team conversations.
We are going to make the very structure of the community the same thing as the structure of the team.
- Reorganize Discord into Enclaves
- Each Enclave is responsible for a function of the Temple
- Team conversations are naturally visible to Enclave members
- If you want to contribute… You can rise up the ranks of your Enclave
- Rise up far enough, and you’ll end up on the Team
So what are these Enclaves?
The Temple Enclaves are the new social structure via which the Temple will be managed. Each Enclave will uphold certain principles and manage different areas of the Temple. Members will choose the Enclave with the temperamental qualities they resonate with.
Those that thrive on disorder, trolling, social media, Discord engagement, and naturally create an uncontrollable fire that spreads into all areas of the Temple will find their home in the Enclave of Chaos.
Those that awake in the middle of the night and create music, art, memes, video, sacred poetry or metaverse landscapes that land a sacred space deep within the Temple halls will find their circle inside the Enclave of Mystery.
Those that are inspired by the ever evolving discussions of product talk, monetary policy, data driven tools that inform the mechanics of our contracts, governance model and ritual system will find their peers in the Enclave of Logic.
Those that love to build the systems that automate and implement these systems, pushing the boundaries of smart contract, 3d experiences, and discord to chain integration will know their own kind in the Enclave of Structure.
And finally, those that see the steps and processes to keep the Temple moving towards its sacred destination, who find great joy in organizing the Temple works and orchestrating rituals will be warmly welcomed in the Enclave of Order.
These 5 are founding Enclaves of the Temple. Each Templar must look within themselves and decide what Enclave most resonates with their heart. As the Temple grows, so will our Enclaves, but these 5 will always remain as the core Enclaves within the Temple walls.
Enclave functions and roles
Within each Enclave are specific functions and duties that are the responsibility of the Enclave. These responsibilities cover the major projects and operations of the Temple. For example, these are three of the functions of the Enclave of Chaos:
- Discord engagement management
- Twitter management
- Telegram management
These are important aspects of daily life in the Enclave of Chaos that must be managed. The management within each Enclave will be broken down into three tiers of roles:
As Templars show their value and contribution to the Enclave, they will be moved up the ranks from a Member to one of these three tiers.
Disciples are the first tier for those who are new to the Enclave and are assisting in one of the Temple works. This is where more senior members of the Enclave can begin to build a relationship with that specific Templar and view their contributions more visibly. Once a Templar has proven that their contribution is meaningful and valuable, they may be raised to the level of an Initiate.
Initiates are Templars that are earning $TEMPLE tokens for their contribution. They’ve officially joined the team so to speak and are now one of the creators, decision makers, and major contributors to the Temple. Initiates are busy fulfilling important deliverables that will make up each new monthly release. These are deeply involved members of TempleDAO and are building the project alongside one another.
Next comes the Masters, the Enclave leaders. Masters orchestrate and guide everything happening within the Enclave. Their word is sacred and final. Masters have the experience, knowledge, and track record to lead their Initiates and Disciples in the path. Masters are the ones others look to for guidance, advice, and inspiration when faced with a difficult problem. They are the guiding council around all Temple decisions. Enclave Masters have a large responsibility bestowed upon them and accept it with great humbleness.
Below is visual view of the Enclaves with their function and duty:
Enclave of Chaos
bring the mood, manage socials, create chaos & lols
moderation of temple gates, voice verify, general talk channels, manage twitter & telegram
Disciples of Chaos, Initiates of Chaos, Masters of Chaos
Enclave of Mystery
creating content, art, 3d experiences, memes, stories, videos, music
media for medium, infographics, memes, audio, art, ritual content, lore, videos, copy
Disciples of Mystery, Initiates of Mystery, Masters of Mystery
Enclave of Logic
decide changes to the mechanics / product; policy and product team
Product talk, medium posts, gitbooks, open spaces to talk mechanics with team
Disciples of Logic, Initiates of Logic, Masters of Logic
Enclave of Structure
engineering work on chain, front end, discord, and interfaces between
dev updates, engineering discussion & suggestions
Disciples of Structure, Initiates of Structure, Masters of Structure
Enclave of Order
coordinating between enclaves, ensuring smooth process, making shit happen
discord support, scam watch, temple watch, coordinating & running projects necessary for monthly releases
Disciples of Order, Initiates of Order, Masters of Order
Moving up the ranks
Templars are currently moved up the ranks manually. Contributions are made, more senior members make note of it, and eventually invite Templars into new channels. However, the direction the Temple is going is to add more sophistication to this process and allow the community to self-manage with the help of Discord bot data and automations.
Instead of a discussion happening between Initiates as to whether a certain Templar should be moved up rank into a Disciples, a Discord voting and boosting system will be used. To give an illustration, when something auspicious happens, an Initiate may boost a Templar immediately by typing: “!boostlogic @templarsname” and the Templar will receive a point.
Senior members of the Enclave will be able to dynamically boost and unboost Templars in Discord and once the Templar passes a certain threshold of boosts, will move up in ranks automatically and eventually begin receiving a monthly allocation of $TEMPLE tokens for their contribution.
We have some way to go before fully realizing this system, but we wanted to paint the direction so we can begin building it together.
In summary, the aim is to continue decentralizing further and empower the Enclaves and its members to govern and self-organize.
Be prepared: Discord is going to be reorganized
Many of our channels will be reorganized within relevant Enclaves.
See this infographic for details on the change:
What next? Wen coin?
Expect a lot over the next two weeks of the Opening Ceremony.
- This article will kick off Discord reorganization
- Next Medium post: Liquidity Pool and Price Stability Update
- Final Medium post: Opening Ceremony Process
And then… Everyone will be welcomed into the Opening Ceremony and have the opportunity (on completion of a mysterious ritual..) to sacrifice $FRAX for $TEMPLE in larger quantities than the Fire Ritual.
The official Opening Ceremony time, details, and explanation will be published in the final article in this series. Stay tuned.
The information provided in this Medium Post pertaining to Temple DAO (“Temple DAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Temple DAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Temple DAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Temple DAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Temple DAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.