Voting on best governance practices update proposal

Overview

After much growth, development and community feedback, the Coreteam and GAMB’s have revamped the original governance bylaws. The Governance Bylaws 2.0 document, we feel, is the best adaptation to reflect this growth. This is proposal is to officially vote in our new Best Governance Practices. The most notable changes to our governance framework include:

Leveraging our “Proof of Existence” technology alongside a quadratic voting formula to ensure the best governance strategy available to us at this time.

Inclusion of the categories of sub-DAO’s and Committees

Governance Bylaws 2.0 Full Document Below:

Best Governance Practices

The following outlines the requirements and understandings of Governor’s decentralized governance module now and in the future.

Voting Cadence

Anyone who meets the minimum GDAO or xGDAO holding requirements has permission to post a proposal. A proper proposal must follow these guidelines:

The proposal must fit within one of the “buckets” of proposals listed below and adhere to that proposal bucket’s guidelines. The proposal must be posted to the Governor forums and shared in the Governor DAO community Telegram + Governor DAO Human Chat. The proposal must be published to snapshot voting no sooner than 48 hours after the proposal is posted to the forums and shared with the community. Proposals that fail to adhere to these guidelines are considered null and void.

The buckets of proposals are listed as follows:

1.Constitution & Administration

These votes reflect any proposals that seek to modify the framework of governance. This includes modifying proposal/quorum requirements, reclassifying voting buckets, upgrading governance, and so on. This bucket also encompasses the creation or destruction of Sub-DAOs.

Proposal Requirement: 10,000 GDAO / xGDAO Quorum: 100,000 GDAO / xGDAO Voting Time: 7 days 2.Finance & Ecosystem

These votes refer to deployment of the DAO treasury & GDAO reserves, as well as any proposals pertaining to the Governor ecosystem (that may or may not encompass token draw). Payments for work, action items for the community, and use of treasury funds are encompassed in this bucket.

Proposal Requirement: 2,000 GDAO / xGDAO Quorum: 30,000 GDAO / xGDAO Voting Time: 2 days 3.Metavoting

These votes encompass active governance on other protocols. These votes are used to gauge sentiment of GDAO holders to then execute votes with the owned tokens.

Proposal Requirement: Appointed Representative Quorum: None Voting Time: Varies As part of Governance-as-a-Service, other projects can lease or allocate tokens or otherwise voting weight to Governor DAO as a whole. In these situations, the project coordinates with Governor core on a representative from our community to act as liaison between each community.

The representative is responsible for posting governance proposals to our community in order to ascertain our consensus, at which point Governor DAO as a whole will signal the entirety of its allocated voting weight where consensus dictates.

Because each third-party protocol has their own standards for governance, our meta voting must be flexible to accommodate different voting times.

Governance Principles

Governor DAO adheres to per-person voting standards. All votes take advantage of Proof-of-Existence to offer sybil resistant voting that is not purely token-weighted.

All votes that adhere to all procedural criteria are decided by whichever choice in the vote receives the highest support.

Governance is collaborative and cooperative. Engage with Governor DAO community, core, and sub-DAOs where appropriate.

Governor DAO is not designed for every decision to go to a vote! It is naive to suggest that token holders are universal experts. Our bylaws support the notion of delegation and representation that enables token holders to appoint and replace individuals with responsibility over pertinent matters.

Voting is a social contract that requires the faithful execution of pertinent individuals. Multi-sig signers serve as a check and veto against malicious proposals.

DAO Governance is a rapidly evolving practice. Governor DAO’s governance is iterative and upgrading over time. Could certain aspects of our governance be carried out better? Do share!

Voting Logic

Governor DAO uses POE-protected Quadratic Voting. Quadratic Voting enables voting logic that assigns votes according to size of voting power plus breadth of voters. Meaning that many small voters can overrule one large whale, even if the combined holdings of the small voters is significantly less than the whale.

There are different requirements for POE voters and non-POE voters to be eligible for voting:

POE Holder

Minimum holdings required: 100 GDAO / xGDAO Non-POE Holder

Minimum holdings required: 30,000 GDAO / xGDAO 90% weight reduction (weight = token holdings / 10) NOTE: This voting logic is not yet formalized in code. In the mean time, our voting module will display POE + GDAO + xGDAO holdings and, in the case of contentious votes, conversion of votes to Quadratic Voting will be done manually.

There are three types of voting modalities and each have different specifications: Constitution Changes, Finance & Ecosystem, and Metavoting.

Delegation and Sub-DAOs

Token Holders cannot be everywhere all at once. Token Holders are not omniscient experts. Token Holders do not spend their entire existence on standby for Governor DAO.

Rather than pushing responsibilities to token holders and decision-making to votes in every instance, Governor DAO supports the creation of Sub-DAOs via governance that adhere to their own set of guidelines and, when appropriate, bylaws.

Each proposed Sub-DAO must meet the following requirements:

Outline of scope and responsibilities. Written framework of internal organization, membership, governance. Recurring appointment, confirmation, and replacement of Sub-DAO leadership by token holders (through voting). Outside of these requirements, Sub-DAOs are purposefully envisioned as open-ended and optimistic. Sub-DAOs may pursue their own funding or tokenization (but are not required to). In order to scale Governor DAO in a truly “DAO” manner, interconnected-yet-autonomous groups must be organized within and throughout the community to distribute responsibilities and scale the Governor workforce in a manner that is not dependent on members of the Governor core team.

List of Governor Sub-DAOs

Ambassadors (GAMBs): an elected group of highly engaged community members to take on lightweight administrative responsibilities, address gaps in Governor business, scale outreach, and champion new initiatives. Token holders elect Ambassadors once per quarter.

Finance Committee: A lightweight group of highlighted members of both GAMBs and Governor core team to report on monthly inflow/outflow of revenue, assign commissions/referrals, and decree token buybacks. Token holders approve this decision-making indirectly through voting to confirm the ambassadors and core members who make up the team.