NOTE: [...] indicates obmission. For extended details, please refer to the discussion link.
Proposal summary
[...]
Delegation: The DAO will delegate 200,000 SSV across four distinct cohorts (Community Contributors, Verified Operators, Professionals, and Grant Recipients).
Quorum Reduction: The quorum necessary for the passing of DAO proposals will be lowered to 1.75%.
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.
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.
[...]
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”).
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.
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.
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:
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.
[...]
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.
The following criteria must be met by any Cohort Member:
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.
The required quorum for passing DAO decisions is hereby reduced to 1.75% from 2.5% of the total supply. [...]
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:
The Deadlock Resolution Proposal will specify solely that:
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.
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.
[...] 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:
[...] 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.