GovWorks First-Term Overview

Governance
1

As GovWorks’s first term nears its conclusion in July 2025, we’d like to take the opportunity to share a comprehensive report of our activity during this period. This summary includes governance impact, budget allocation, community engagement, and the progress made toward a more accountable and collaborative Livepeer ecosystem.

Governance Operations Summary

GovWorks was created to support the Livepeer Treasury’s Special Purpose Entities (SPEs) with operational coordination, contributor onboarding, and transparency. Since our appointment, we have focused on:

  • Facilitating Treasury processes

  • Increasing SPE visibility and accountability

  • Supporting contributor onboarding and public reporting

Key Governance Milestones

  • 15 SPE Proposals Approved during GovWorks term (Since October 2024) out of a total of 19 Proposals submitted.

  • 6 SPE proposals submitted in assistance by GovWorks.

  • 12 Active SPEs + 4 Completed SPEs.

  • 6 monthly Treasury Talks coordinated, creating a space for SPE teams to provide live updates

  • 4 Governance Digests published in the forum.

  • GovHub launched – centralizing all key governance and SPE documentation.

  • SPE Dashboard launched – gathering up-to-date information regarding SPEs.

  • Karma GAP milestone tracking platform initiated – 5 SPEs onboarded with milestone input in progress.

Financial Overview

  • Chair Compensation (StableLab): 6,000 LPT – Fully utilized

  • Operational Budget: 3,000 LPT – Converted to Stablecoins at a favourable price, remains unspent for further operational and tooling costs.

SPE Treasury Allocations (Since October 2024):

  • Total Allocated: 322,452 LPT

1422×1108 90 KB

Breakdown by category:

  • Core Development: 170,152 LPT

  • App Development: 121,600 LPT

  • Education & IRL: 21,700 LPT

  • Governance: 9,000 LPT

Key Achievements

  • Treasury Talks became the go-to coordination hub, fostering visibility and cross-pollination between teams.

  • Governance process standardization has provided clarity to new contributors and created a reliable onboarding path.

  • Milestone tracking began across multiple teams, enabling the community to follow SPE progress and validate outcomes.

Challenges Faced

  • Community feedback loops need improvement to reduce proposal rejection rates and support iteration.

  • Inter-SPE communication remains limited – increased collaboration is needed for holistic ecosystem development.

  • Milestone accountability must be formalized to surface blockers early and ensure visible progress.

What’s Next

As we approach the next phase, GovWorks will:

  • Publish a Pre-Proposal to renew operations for H2 2025

  • Continue as the central coordination point between contributors, SPEs, and the Livepeer Foundation

  • Focus on enhancing SPE accountability, operational alignment, and inter-SPE coordination

We thank the community for the trust placed in us during this first term. We look forward to evolving the GovWorks role in alignment with the ecosystem’s growing needs.

3 Likes