Who's doing the most interesting governance work in ethereum today?

Would be curious to dive into active, operating projects that are innovating

Building order flow markets | Powering DFlow Swap – http://swap.dflow.net

what do you like the most about their approach?

OP Stack

Bias and agree with Zain, it's not perfect but it's the best out there, many other DAO are building around OP DAO, it's the only DAO to have three FTE dedicated for DAO, dedicated council for grant review, couple other council will come online in next season. Come and hang around at gov.optimism.io
/op-stack

Bias but Optimism - bicameral governance structure (token + 1 person:1 vote) and innovating around ways to align incentives for Ethereum scaling with Law of Chains 

Check out /op-stack channel and happy to answer any questions