In March, the GRC work continued to focus on decentralization and tracking threats in alignment with the remit to advise on GRC to strengthen DAO resiliency & sustainability. Much of the work is confidential to protect the ecosystem. Below are highlights of the most important projects. Please reach out to Orb with questions.
March work
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Understand and proactively protect against potential threats from legal/regulatory changes
- Reg strat meetings, research & advice: Terms of Use review and recording assent; Euler matter; US enforcement actions and reported subpoenas of defi projects, risk disclosure reviews; trade association, partner & community calls to vet GRC framework & discuss decentralization strategy.
- Business development risks: Review business development and marketing posts to minimize risks and revise dos & donts. Review new product ideas and work with partners re: new confidential use case
- Advise on response to private inquiry and advice on Human Resource matter for changes to Orb resources
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Promote Balancer’s further decentralization
- DAO reg developments for Maxis (Utah); Policies and procedures work for Balancer ecosystem re: record retention and hiring practices
- Review monthly proposals, grants and new service provider agreements to maintain DAO governance and risk mitigation re: security and Aave; AWS review re: Binance case; security audit and marketing posts
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Reduce the gap between DAO revenues and expenses
Continue this month to save on expense of expert third party advice - network and handle within Orb without additional spend