Over time, as polkadot relay chain simplifies itself to providing purely security for the network, it is in the backlog of tasks for OpenGov to be moved off-chain to an OpenGov system chain where referendums and voting would be handled from there. The status of this may not be an urgent priority.
However it would be useful to create a system parachain that enables OpenGov (or OpenGov like) quality treasury management for projects that do not need a parachain… such as a assets on AssetHub.
These are projects that require sovereignty of their assets but not of their infrastructure. So no runtime upgrades, just coordination of their assets.
Some assets on AH have a pot of funds, such as a treasury. It is currently a big challenge for this treasury to be managed which allows ALL the holders of the asset to vote on proposals.
Partial voting is possible through a multisig or DAO, but not full voting, to my knowledge. How can we enable full voting? Are there any non-system parachains that offer this solution for full voting? Or there any solutions to this that i am missing?
Besides… the fact that OpenGov will eventually be moved away it makes sense to start that process sooner rather than later based on the governance it would afford for assets, etc.
DED token will be an AH asset that takes a snapshot of all accessible balances of DOT, inlcuding DOTs treasury. There will be a large account of DED that is only accessible through Polkadot’s OpenGov.
In the near term, DOT holders can vote with DOT on OpenGov to handle treasury funds of the DED asset. But soon after the DOT holders may desire to cut the umbilical chord, and allow DED holders to vote on their own affairs by handling their own treasury and some other root privileges related to their asset (like forceCreate, etc.) to potentially mint new tokens if that is what is required.
OpenGov system chain (or some kind of “GovHub”), which can be slightly less sophisticated than open gov (initially) can be a place for asset based projects (and even parachains) to handle the governance.
There is probably similar conversations about this in various channels (apologies i haven’t done a lot of research to find all the previous conversations about this topic), so it would be useful links to those conversations in the comments below,…
it would be good to get thoughts on this?