Author: Christian Gonzalez (@cxgonzalez)

Summary

Establish governance procedures for the Event Horizon community.

Abstract

Establish the binding governance procedures for Event Horizon’s protocol updates.

Motivation

Governance is a messy topic. As a future governance leader and innovator it’s important that we first establish clear governance requirements that the protocol is held to in the build-out process. To avoid governance spam we propose a multi-part process whereby any potential spam can get filtered out subject to community discretion. Only community-vetted proposals make it to Discourse and then Tally for proper votes.

Establish a mechanism for members of a supported DAO to override votes of the Event Horizon community to enact further safeguards from malicious actors.

Specification

Changes in protocol behavior must first reach community support in Event Horizon’s Discord. Once a broad consensus is reached for a protocol change, including its language and poll options, it can be posted to the Event Horizon Discourse forum. If the proposal passes there the full proposal will get posted to Event Horizon’s Snapshot governance portal where 1 Voter Pass = 1 vote until the HVAX tokens are released.

As Event Horizon opens up public deposits, we will also enact a veto model wherein owners of the wrapped zTokens (received upon yield farm staking, eg zSUSHI) can vote as a sub-DAO to veto any proposals involving the DAOs of those zTokens (e.g. Sushi Swap).