RugDAO Voting Framework

Glossary of Key Terms

Person - a human being regarded as an individual; validation will rely on our strict Humanity Proof Mechanism

Quadratic voting - a voting mechanism that allows a single person to repeatedly vote for the same option to express the strength of their will, but with diminishing returns. For example, 1 vote may require 1 $RDAO, then 2 votes will require 4 $RDAO, 3 votes will require 9 $RDAO, and so on. This voting mechanism is often favored by Vitalik Buterin.

Moloch voting - 1 person = 1 vote

Quorum - the minimum percentage of members capable of voting that must participate in a voting proposal to make it valid

Delegation - people may delegate their $RDAO votes to representatives; there will be a cap on the number of moloch and quadratic votes that may be delegated to a single representative.

Veto - Intended as a last resort to ensure obviously harmful governance proposals are not passed; would require a Moloch majority approval from the Core Team and DAO Council. Veto power would be revoked in a subsequent Voting proposal when deemed safe.

Humanity Proof Mechanism

To ensure malicious actors or bots do not manipulate voting outcomes, we will leverage a system for individuals to confirm their humanity.

Gitcoin uses the following authentication interface, where users can complete various items to reach a certain number of “points” that will help confirm their humanity.

Proposal and Voting Process

Proposed Voting Structure for Proposal Types

Voting Proposal Required Information/Fields

Future proposals to change the voting structure for various proposal types will require a minimum amount of information in order to be considered. See the following guidelines, which are similar to the columns in the Voting Matrix above.

{

“proposal_type”: “”, “title”: “”, “summary”: “”, “voting_structure”: “”, “sponsorship_details”: “”, “quorum””: “”, “votes_needed”: “”, “comment _duration”: “”, “voting_duration”: “”,

}