Monthly Governance Reports

Introducing the Renzo DAO monthly reports. The reports will provide a comprehensive overview and summary of essential governance updates from the previous month.

Why is this important?

These briefings provide Renzo governance users with a comprehensive overview of forum and snapshot activity. It also gives a good and quick insight into any active narratives and developments within the DAO.

Over time, the reports will be modified to better reflect each breakdown for both governance related activities and community. Kindly let us know your ideas on improving this content in any way → Submit in Ideas and Discussions

We also recommend limiting comments on this thread to allow for an ultimate reading experience :heart:

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January 2025 Update

The monthly governance recaps provide a summary of essential governance updates from the previous month. This edition highlights Renzo’s governance activities for January 2024.

Featured in this report are:

  1. Snapshot Proposals
  2. Insights into Voting Behaviour
  3. Other Community Ideas
  4. Conclusion

Snapshot Proposals

Risk Management framework is a key growth factor of the entire protocol. The DAO received a major proposal from existing partners at Chaos Labs.

  • Initially onboarded via Governance in this voting proposal, Chaos Labs began providing risk management services for Renzo DAO. The new proposal submitted on January 23rd requested a continuous engagement on which the community had an outstanding stance with 100% votes in favour.

  • Also included on the proposal is a payment request in REZ tokens and scope of the services moving forward

  • So far, Chaos Labs have provided hard tested methodologies for the protocol in:

  • Rewards Harvesting

  • AVS Risk Measure

  • Liquidity Buffer Modelling

  • Ongoing development includes a Risk Alert framework that will enable the Renzo DAO to proactively identify and mitigate risks, ensuring system stability and resilience.

  • Scope of work in the coming quarter will entail:

  • Finalizing and operationalizing the AVS allocation methodology.

  • Delivering a comprehensive framework for protocol risk alerts that is ready for implementation.

Insights into Voting Behavior

During the month of January 2025, the DAO saw:

  • One snapshot proposal
  • Four forum posts

For the observed period, the total number of active voters for snapshot proposal was 22

Other Community Ideas & Proposals

  1. Chaos Labs <> Renzo AVS Risk Assessment Methodology

The post by Chaos Labs quantifies the maximum slashing risk – referred to as Value at Risk (VaR) here by incorporating slashing behavior across multiple node operators and multiple AVSs. As a part of Chaos’ commitment to providing Risk Framework services for the DAO, a risk methodology for AVS was published.

  1. A notable community member, HELENFemi laid out 2 interesting proposals on the forum:

  2. Human-verified polling &

  3. Introduction of tiered incentives for long term stakers

These discussions are all in detail on the governance forum

Conclusion

The month of January saw a good turn out of snapshot voters. Active research posts by Chaos also signaled strength towards security, scalability and economic growth of the entire protocol. In the coming months, this report will include community and social metrics. Progressively, comparison metrics as regards to the previous month will be included as well.

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February 2025 Update

The monthly governance recaps provide a summary of essential governance updates from the previous month. This edition highlights Renzo’s governance activities for February 2025.

Featured in this report are:

  1. Snapshot Proposals
  2. Insights into Voting Behaviour
  3. Other Community Ideas
  4. Conclusion

Snapshot Proposals

There were no active snapshot proposals during this period

Insights into Voting Behavior

During the month of February 2025, the DAO saw:

  • No snapshot proposal
  • Four forum posts

Expanded Highlights:

  1. Forum post article by Chaos Labs

    This post provided an update to the on risk status of pzETH given Symbiotic’s mainnet launch. TLDR; “There is currently no additional slashing risk as no pzETH Networks have enabled it in their middleware contracts. Chaos Labs and the Renzo team continue to monitor slashing closely and will constantly evaluate all Networks to ensure they provide sufficient Risk-Adjusted Return to pzETH stakers and do not create the risk of a material slashing event on Renzo.

  2. ETH recovery proposal by community member with ENS - 2024.qklpj.eth. In their post, they signaled steps towards recovering 7,912.31 ezETH accidentally sent to a contract address that lacks withdrawal functionality, effectively locking their ezETH position. Additionally, they proposed a bounty payout for this activity, more details can be found in the forum post.

Conclusion

The month of February saw no active snapshot proposals. Risk updates by Chaos also signaled continued efforts towards security and slashing risk.

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