DAO Proposal #31 Establishment of Hydranet DAO Proposal Governance Structure

Title of proposal: Establishment of Hydranet DAO Proposal Governance Structure Proposal ID: #31 Proposer(s): Hydranet Multi-sig Submission Date: April 23th 2024

Abstract Summary: This proposal aims to establish a comprehensive governance framework for the Hydranet DAO, providing a structured approach for community participation in decision-making processes. Motivation & Rationale: The proposal is essential to fostering transparency and accountability within the Hydranet ecosystem. By formalizing the governance structure, we can ensure that all Dao members have a voice in shaping the project's direction and contributing to its success. This will also allow the multisigs to remain impartial to proposals that are submitted, helping decentralize authority in proposal submissions.

Proposal Details Key Terms: none

Proposed Updates & Objectives: The proposal outlines the creation of governance roles, procedures, and committees to facilitate community-driven decision-making. It aims to empower HDN token holders to submit proposals, vote on key decisions and guide the proposal lifecycle.

Implementation Overview: Action Steps: Establish governance roles and committees and define voting procedures. Timeline: Initiate the proposal review process, finalize governance structure, and vote on a proposal committee. Overall Cost: This proposal has no cost.

Supporting Documentation: https://docsend.com/view/a2i8ziwi6medjun8

Impact Analysis Advantages: The proposal promotes community engagement, ensures transparency in decision-making and enhances the project's long-term sustainability. Disadvantages: Potential challenges may include the complexity of governance procedures and the need for ongoing community education and outreach.

Conclusion & Voting Final Thoughts: Establishing a robust governance structure is crucial for the success of the Hydranet project. We encourage all community members to support this proposal to create a transparent and inclusive decision-making process.

Voting Options: Approval, Rejection Voting Period: Start: April 30th, 2024 @ 1800 UTC End: May 5th, 2024 @ 1800 UTC