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ssv.networkssv.networkby0x97f676596EFEA4fb5A7b8b8FE546a7b66B5161AA0x97f6…61AA

[DIP-25] Enhancing ssv.network DAO voting engagement

Voting ended about 1 year agoSucceeded

NOTE: [...] indicates obmission. For extended details, please refer to the discussion link.

Proposal summary

[...]

  1. Delegation: The DAO will delegate 200,000 SSV across four distinct cohorts (Community Contributors, Verified Operators, Professionals, and Grant Recipients).

  2. Quorum Reduction: The quorum necessary for the passing of DAO proposals will be lowered to 1.75%.

  3. Deadlock Resolution Mechanisms: If the DAO were to meet a deadlock despite the reduced quorum, this proposal outlines mechanisms to mitigate and resolve such situations.

  4. Karma Grant: A grant will be provided to Karma’s platform for continued maintenance and services as an important tool in the DAO’s governance.

[...]

Delegation Policy

The DAO will delegate a total of 200.000 SSV tokens (hereinafter: “Delegatable Tokens”). These tokens will be held in dedicated wallets so as not to be spent for any other purpose. The Delegatable Tokens are split across four cohorts of participants every 30 days:

Cohort Number of delegated tokens Number of delegates Number delegated Tokens per Member Selection criteria
Community 50.000 10 5000 The top 10 highest ranking community members.
Verified Operators 50.000 5 10000 Top 5 verified operators by validator count across all verified nodes.
Professional At least 50.000 1 All Selected by the SSV Foundation
Grant Recipients 50.000 5 10000 Selected by the Grants Committee

(hereinafter: “Cohorts”).

Cohort 1: Community Contributors

The ssv.network DAO Multi-Sig Committee (hereinafter: “MC”) will check the Karma Dashboard for the 10 highest-ranking community members (hereinafter: “Delegate(s)”). [...], the MC will delegate to each of the 10 top-ranked community members 5000 SSV tokens.

Cohort 2: Verified Operators

The DAO will delegate a total of 50.000 SSV to operators verified (hereinafter: “VO”) by the Verified Operators Committee (hereinafter: “VOC”).

The VOC is required to submit to the MC a list of 5 VOs with the most validators across their verified nodes. This list will contain one wallet address from each VO that has completed their profile on the Karma Dashboard. Each of these VOs will receive 10.000 SSV as delegated tokens.

Cohort 3: Professional Delegation

The DAO will delegate at least 50.000 SSV to a professional delegate [...]. [...] the DAO is free to utilize the Immunify Bug Bounty Vault, as defined in [DIP-5] Grant Program and Committee (hereinafter: “DIP-5”), only to the extent that it does not dispose of or affect the bug bounty program instituted by [DIP-5]. [...]

[...], the DAO will allocate the remaining SSV tokens found in the Immunify Bug Bounty Vault to a professional service provider selected by the SSV Foundation. If the remaining SSV tokens found in the Immunify Bug Bounty Vault were to drop below 50.000, the DAO will make up the shortfall so that 50.000 is always delegated. [...] the SSV Foundation is tasked to find a single suitable professional among the following categories:

  • Universities, including any faculties, schools, institutions, or academic bodies;
  • NGOs, such as forums or think tanks;
  • Law firms;
  • Security & Audit firms;
  • Professional service providers that support DAO governance;

The SSV Foundation will not be able to use this allocation for anything else other than professional delegation. To accomplish the task of finding the most suitable professional delegate, the SSV Foundation will have at its disposal 10.000 USD to incentivize the professional cohort as part of its delegation effort. The SSV Foundation will have the sole discretion as to who will be the beneficiaries as well as what the commercial terms of such delegation will be.

[...]

Cohort 4: Grants Recipients

The SSV Grants Committee (hereinafter: “GC”) will choose up to 5 grant recipients of a minimum of US $50k, to delegate 10.000 SSV. The GC will have the sole discretion as to who will be the delegate and what the commercial terms of such delegation will be.

Common Delegation Policy Provisions

The following criteria must be met by any Cohort Member:

  • Retain access to or control over the delegated tokens at all times;
  • Not be designated by a competent authority, in any relevant jurisdiction or under applicable law, to be limited or forbidden to interact with.
  • Successfully pass KYC or KYB requirements if requested by the MC, GC, VOC or SSV Foundation (hereinafter: “Delegation Authority”).
  • If a Delegate qualifies to become a part of two or more Cohorts, it will be entitled to be delegated the allocated amount for only one Cohort, the higher among them, and if equal, the first to which it qualified.
  • Voting on more than 80% of DAO proposals during the Delegation Term.
  • Willing to engage with the community.
  • Be independent, reputable, and act solely in the best interest of the protocol, without representing or acting on behalf of any third party.
  • Must not work for, represent, promote, or directly support the activities or goals of any competing projects.
  • Have a verified and completed Karma Profile.
  • Not be a member of the VOC, GC, or the Foundation or a member of the companies associated with these members.

If any of these criteria are not met at any time, the relevant entity delegating tokens to a Cohort member will undelegate tokens from such a Cohort member and delegate it to the next in line or to another entity/person depending on the Cohort member that is undelegated.

Timeline and Schedule: The Delegation Term will be 30 days. The MC will execute a transaction for delegating to Delegates during the scheduled batches as outlined in the [DAO Contributor: Proposal for Engagement as the DAO’s Master of Coin] on a monthly basis. All Delegation Authorities are required to submit to the MC a list of their proposed delegates a week before the next delegation transaction Term. If none has been submitted, the previous delegation will be seen as resubmitted.

The DAO would like to note that the Delegation Policy and any Cohort or Cohort member that may be delegated to does not gain or assert any right, claim, or privilege to the underlying assets, keys, access, or otherwise. By becoming a Cohort member, the Cohort member agrees and consents to the terms and conditions outlined in this Delegation Policy. The Delegation Authority has the sole discretion to determine whether an individual or entity meets or does not meet the conditions listed in the Common Delegation Policy Provisions. In so doing, they are free to request the SSV Foundation to assist in the verification of their suspicion. The Cohort member agrees that If, for whatever reason, the Delegation Authority decides to undelegate, the Delegate will have no claim to the voting rights he has been delegated.

Quorum Reduction

The required quorum for passing DAO decisions is hereby reduced to 1.75% from 2.5% of the total supply. [...]

Deadlock Resolution Mechanism

Once a DAO Proposal has failed to reach the quorum for three consecutive times (hereinafter: “Failed DAO Proposal”), anyone will be able to post a proposal titled the “Deadlock Resolution Proposal”.

A Failed DAO Proposal must satisfy the following criteria:

  1. Posted to the ssv.network snapshot and remained there for at least 7 consecutive days after at least 7 consecutive days on the ssv.network forum.
  2. The proposal had more votes approving the proposal than rejecting the proposal. However, at least one of the choices in the vote must be a rejection of whatever was proposed.
  3. No other DAO proposal has passed in the interim.

The Deadlock Resolution Proposal will specify solely that:

  1. The quorum is canceled; and
  2. No future proposals will require a quorum until such a time that a quorum is reinstated by a DAO proposal.

The Deadlock Resolution Proposal does not require any time on the ssv.network forum and can be posted directly to the ssv.network snapshot. The proposal voting period can last anywhere between 1 and 7 days and will have only the following options for voting: Yes and No. If a DeadLock Resolution Proposal is submitted and the No vote prevails, it can be resubmitted after the same number of days it has remained on snapshot previously with no limitation on the number of times it can be submitted.

Anyone can post the Deadlock Resolution Proposal to the ssv.network snapshot. However, the owner of the ssv.network snapshot, currently the MC, will remove all Deadlock Resolution Proposals submitted while there is already a pending Deadlock Resolution Proposal in order for the DAO to easily determine the outcome of the Deadlock Resolution Mechanism. A second Deadlock Resolution Proposal can be posted to the ssv.network snapshot only after the first one expires, as defined above.

Karma Grant

The DAO and GC will be providing another grant to Karma for the ongoing hosting and maintenance of https://delegate.ssv.network. [...]. The necessary budget shall come from the Grants budget and the GC, together with the SSV Foundation, has full discretion to define the terms and conditions of such an agreement in line with the general rules of the grants program.

Revamp Karma Weights

[...] This proposal proposes that [the Karma] weights be rebalanced to reflect the desire of the DAO to focus its discussion in an optimal way between these three platforms. This proposal suggests that the weights for each platform be altered so that the weights for:

  • Snapshot are 10 points
  • Forum messages 3 points.
  • Discord messages 0.33 points.

Quorum Tracker

[...] to judge if a proposal reached its quorum, the Master of Coin, with support from the SSV Foundation, will implement a quorum tracker plugin to show the progress of reaching the quorum during the vote and once it is finished.

Off-Chain Vote

Yes
321.54K SSV100%
No
0 SSV0%
Abstain
0 SSV0%
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Discussion

ssv.network[DIP-25] Enhancing ssv.network DAO voting engagement

Timeline

Nov 27, 2024Proposal created
Nov 27, 2024Proposal vote started
Dec 04, 2024Proposal vote ended
Dec 04, 2024Proposal updated