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The DAO is governed entirely by token holders |
The DAO is governed entirely by token holders through a proposal system. Proposals come in two main categories: Action Proposals for predefined operations with lower thresholds, and Core Proposals for arbitrary changes with higher thresholds.
All proposals follow a similar lifecycle:
- Creation - A token holder creates a proposal
- Voting Period - Token holders cast votes for/against
- Conclusion - After voting ends, anyone can conclude the proposal
- Execution - If passed, the proposal automatically executes
Action proposals are predefined operations that can be executed with lower voting requirements. These are used for routine operations within set parameters.
Voting Parameters:
- 66% approval threshold
- 15% quorum requirement
- 1-day voting delay
- 2-day voting period
Core proposals can execute arbitrary Clarity code and make fundamental changes to the DAO. They require higher consensus due to their power.
Voting Parameters:
- 90% approval threshold
- 25% quorum requirement
- 3-day voting delay
- 3-day voting period