My pleasure!
I believe these arguments are DAO agnostic
Absolutely, at Tally.xyz we see this as the failure mode for DAOs and are looking to build an ecosystem wide solution.
We state in our research also that ‘Enthusiasts, true fans, and wealthy idealists are the only ones who’ll stick to an unpaid governance work or malicious actors who fake it until they can execute a governance attack.’
It’s even worse than that, because it’s not unpaid governance work: it’s actually paid by the delegates themselves! Paid with their time and frequently transaction fees. When we speak privately with delegates across the ecosystem most say they expect to stop participating because they are tired of working for free.
This is an interesting idea and can possibly compliment the liquid staking strategy, but difficult to supplement it since the user base of seeking APY is much higher than the user base of seeking specific perks at ENS DAO or using the product.
In many ways the LST is a kind of ‘internal’ currency if you think about it. It would be entirely possible to give discounts for holding the LST version. In fact if you have a LST token that earns yield, you could sell ENS names for yield. Just lock you LST into the naming contract, and the yield pays off the protocol fees. (funny idea)