SLURP-12 | Community Seats

Abstract

To define the election process, duties, and compensation of the Community Seats on the stake.link DAO governing council.

Rationale

SLURP-1 formalized the two Community Seats on the stake.link council. However, there are no parameters in place regarding elections, responsibilities, or compensation for participants.

Specification

Election process:

• Six month epoch, beginning November 1st, 2023
• Two week self nomination window beginning October 2nd, 2023
• Self nomination via created “Community Seat Nominations” channel in stake.link official Discord server
• Must submit reasoning for running / qualifications, public wallet (for stipend), and social channel ID’s
• One week election window beginning October 17th, 2023
• Vote on https://snapshot.org/#/
• Node operator addresses will be blocked from voting for Community Seats
• Votes will be based on reSDL held in wallet at time of snapshot

Duties: The only strict requirement for this position is to vote on all SLURPS posted on Snapshot during epoch.

Desired behaviors: In addition to voting requirements, it is desired that the Community Seat is actively engaged with the community on the stake.link social channels throughout their duration on the stake.link council. Community Seats are allowed to author, and vote on, their own SLURPS.

Stipend: Community Seats should be compensated with “skin in the game” in order to incentivize active participation. $1,000 of SDL tokens will be paid out to Community Seats for each month served and paid in total at the end of the epoch. (USD value, quoted by the close price of SDL on CoinGecko on the first day of each month). Payments will be prorated in cases of removal or resignation.

Removal: After missing two SLURP votes, a Community Seat can be immediately removed from the council at the discretion of the remaining Community Seat. The remaining Community Seat would then propose to remove the absent member and then be ratified by a simple majority of the other seats. Upon ratification, there would be one week for community discussion/self nominations and one week to vote for a new seat to fill the remainder of the term. In the chance that both Community Seats miss a second SLURP vote at the same time, a special election must be held to finish out the remainder of both terms. In the highly unlikely scenario where both community seats are vacated for a SLURP vote, a community sentiment vote would take place and would act as the two votes.

Copyright

Copyright and related rights waived via CC0.