Abstract

Finally, the core contributors propose the Proposal Lifecycle for governance as the last proposal. If this proposal is approved, all future proposals will be subject to its framework.

Introduction

The Proposal Lifecycle is to be applied to ideas and/or changes that pertain to the constitution within the Hodl Finance DAO ecosystem. This ensures a well-organized governance process in which token holders have the ultimate decision-making power.

The Proposal Lifecycle involves several steps, which will be elaborated on in the following paragraphs.

Step 1 - Discussions and Feedback

The Hodl Finance DAO grants holders the privilege of proposing ideas and participating in voting on changes to the Protocol and the DAO's treasury. The process always begins with publishing an idea on the https://gov.hodl.finance/ forum. To effectively communicate an idea, it is obligated to utilize the template provided on the forum page, ensuring that all necessary information is included.

For an idea to progress to a proposal, it must generate sufficient engagement on the forum. In addition to token holders, the core contributors of the DAO will also participate in the discussion, seeking to address key questions in preparation for the subsequent phase.

Step 2 - Research and Finalizing

Once the discussion and feedback stage has been completed, the idea will undergo a thorough research phase by the core contributors. This phase aims to save time and resources by determining the feasibility and legality of the idea before proceeding with implementation. The findings of the research will be made publicly available on the same idea thread on the forum.

After the research completion, the idea will be refined into a formal proposal, ready for voting. The proposal will include an implementation plan with specific milestones and targets, allowing the DAO to execute the idea in an organized and transparent manner.

Step 3 - Final voting

Following the completion of the final proposal, it will be posted on the https://vote.hodl.finance/ platform for a public vote by $eHFD (1) holders. The implementation of the proposal will be determined by the majority vote of $eHFD.

$eHFD represents Escrowed $HFD, which can be obtained by either depositing $HFD tokens into the staking pool or through claiming staking rewards. Further information about $eHFD can be found in the Ecosystem Proposal.

Step 4 - Implementation and updates

The implementation of the approved proposal will be carried out according to the specified milestones and targets. To manage the allocated budget, a multi-signature wallet will be established. Regular updates on the progress of the implementation will be communicated through various social media channels.