Threshold Council Election

The time has come to kick off the process for inaugural Threshold Council elections.

To read more about the nominee’s please visit this forum post.

For a full overview of the Threshold Council election process check out this blog post.

What is the Threshold Council?

The Threshold DAO is primarily composed of three bodies: the Token Holder DAO, the Staker DAO and the Threshold Council. Each body will play a unique and important role in governing Threshold.

The inaugural Threshold Council is composed of 9 members. 4 members elected from the original Keep community, 4 members elected from the original NuCypher community and 1 member mutually appointed by both teams to ensure neutrality. Both teams have confirmed Jake Lynch for the mutually appointed seat, find out more about Jake here.

The Threshold Council is responsible for determining per application staking reward allocations across the protocol and holds the ability to veto proposals in either the Token Holder DAO or the Staker DAO. Council vetos serve as a last defense against dangerous proposals (such as one impacting the DAO Treasury) passing in our DAO and executing onchain.

How Do Council Elections Work?

The process for inaugural Threshold Council elections is simple. Terms last one year:

Team members from either Keep or NuCypher can run but must be nominated by the community and not themselves.

Finally, the Token Holder DAO holds the ability to remove elected members from the Threshold Council if necessary before the 1 year term is up and is responsible for electing future Threshold Council members.

Vote Method

This vote is a Weighted vote that allows you to vote for multiple candidates. Each voter may spread their voting power across any number of choices.

• All nominated individuals from the original Keep community are listed on a KEEP token holder snapshot.
• All nominated individuals from the original NuCypher community are listed on a NU token holder snapshot.
• All token holders can vote on the snapshots.
• Individuals with the 4 most votes on each side will be elected to the inaugural Threshold Council.
• Ties on the token holder snapshots will be determined by separate Discord-based votes.

Candidates

To read the nominee’s posts please visit this forum post

NuCypher

• MrsNuBooty
• Tux Pacific
• Derek Pierre
• ZeroInFo56
• Isaac Agudo
• Michael Egorov
• Stefano Bernardi
• Garrett Hardin
• Bogdan Opanchuk (Fjarri)

Keep Network

• Leonardo Saturnino
• Naxsun
• Ben Longstaff
• Evandro Saturnino
• Eastban
• Beau Shinkle
• Kudo94
• Sasha Tanase
• Devops199fan

Neutral Seat

• Jake Lynch