Across the crypto landscape, the majority of tokens are controlled by large token holders. There are a few reasons this might be the case, such as large liquidity mining campaigns or a significant fundraise that allowed investors to take a large chunk of the token supply.
Many of these large token holders don't have the time to keep up with the evolving landscape and fast paced nature of these communities. This is giving rise to "Grant Programs" and "Protocol Politicians" who are making the majority of the decisions on how these protocols should evolve.
While this is a great first step to getting the right contributors involved in the decision making process of these protocols, it is still only involving a select few with built-up social capital on large social media platforms like Twitter. Those who are actually contributing to the protocol through on-chain usage and governance are left out, and in turn, are not included in the full potential contributor set. This is not the decentralized vision we were promised.
RabbitHole is focused on getting more people using, contributing, and participating in crypto. We do this through incentivizing our users to complete on-chain tasks for other crypto protocols. In return for driving new participants and users to projects, we are compensated with the projects' governance tokens, which we use in governance to advocate for furthering our mission of increasing participation rates across the crypto ecosystem.
Through this model RabbitHole becomes an activist delegate in governance with an emphasis on increasing participation across the board.
Over time, as RabbitHole decentralizes into a DAO, the RabbitHole treasury's governance power will be transferred to the contributors & stewards of RabbitHole. This way, existing governance networks can remain simple (token-weighted voting) while creating new alignment between the protocol and contributors of the protocol.