The Nomination and Elections Process Step 1: KIP Approval - This election process was ratified by the passing of KIP-13 at DAO vote on Tuesday, June 3rd, 2025. Step 2: Collection of Potential Contenders - Starting June 23, applicants are invited to put themselves forward for the Security Council and must post a formal declaration of interest. To declare interest in being a Security Council member for the Karrat Foundation, a person must comment on this Discourse post “I have interest in being a Security Council Member for the Karrat Foundation”, and nominee profiles will be posted to the Nominees subcategory of the Security Council Elections category here on Discourse.
Step 3: Snapshot Vote to Advance to Candidacy - A formal Snapshot vote will be posted and open for seven days. The top six vote-getters will move forward to Step 5, pending KYC verification by the Karrat Foundation.
Step 4: KYC Verification - The top six vote-getters must complete KYC through the Karrat Foundation. During this phase, candidates must also provide a wallet address that belongs to them and exclusively holds at least 100,000 KARRAT. If a contender fails KYC, the next highest vote recipient will take their place. Step 5 will not begin until six verified candidates are confirmed. Step 5: Final Snapshot Vote - A second Snapshot vote will be posted and remain open for seven days. The top three candidates, receiving the most votes, will be elected. If fewer than three candidates get votes, sitting Council members will remain in place until the next election at the Karrat Foundation’s discretion. Step 6: Installation - After a seven-day timelock period, the newly elected Security Council members will be installed via the on-chain governance contracts. This election will run on Snapshot as a one-time exception while our long-term on-chain voting platform is being implemented on WinVote. This cycle will ultimately elect 3 candidates to the Security Council.
Nomination and Elections Timeline - 2025
June 23-30: Applications are open for Security Council nominees. (Step 2) July 1-8: Formal Snapshot vote is live; the top six vote-getters will move forward to Step 5, pending KYC verification. (Step 3) July 8-14: KYC verification of top six Security Council nominees. (Step 4) July 14-21: Final Snapshot vote in which the top three candidates will be elected to the Security Council. (Step 5) July 21-28: Seven-day timelock period. (Step 6) August 1: New Security Council members start their term.