Comprehensive Governance and Treasury Systems Upgrade to Aragon

Summary

The StarSeeds founding team proposes a comprehensive governance upgrade for the StarSeeds Protocol. Transitioning away from the current utilized Snapshot/Gnosis systems and onto Aragon, a combined voting and Treasury management platform.

This upgrade would necessitate a new Governance token, so we are also proposing a comprehensive upgrade to STARGOV’s tokenomics, function and utility.

Motivation

The current StarSeeds Protocol governance and treasury management systems rely on a small team of core team members to secure the Master StarSeeds Protocol Gnosis Multisig Treasury.

When the this project was started 5 years ago, the original intent was for StarSeeds Protocol to be a fully decentralized, smart contract driven, DAO owned system.

At the time, Comprehensive and secure DAO-Owned Treasury and Vote management systems did not exist.

Now, not only do such systems exist, one system in particular, Aragon, has finally met the StarSeeds Protocol’s requirements for security and utility.

Upgrading to a 100% DAO controlled treasury will further secure the StarSeeds Protocol while also encouraging participation the StarSeeds DAO.

Proposal.

StarSeeds Protocol currently utilizes Snapshot for voting and Gnosis for treasury management. These systems are not directly connected. The Gnosis Multisig is secured by 11 signatures held by StarSeeds Protocol core founders, major investors, and expert traders, who execute transactions based on proposals passed in the StarSeeds Snapshot voting group.

Existing solutions for direct Gnosis Multisignature transaction execution via a passed Snapshot proposal have not met our security and utility requirements, necessitating a transition to a new platform, Aragon.

Aragon, a 7-year-old platform securing over $37B and used by over 7,500 DAOs including major protocols like Polygon, Lido, and Ghost, offers 100% DAO-controlled, no-code, complex transaction building with any dApp that uses WalletConnect. This aligns with StarSeeds Protocol's needs for custom contract deployments through other protocols and platforms.

Additionally, Aragon enables secure, low-cost, custom plugin development and integration, allowing StarSeeds Protocol to deploy cost-efficient additions to our governance systems.

We propose upgrading StarSeeds Protocol Governance to Aragon, requiring a new governance token due to the incompatibility of current STARGOV tokens with Aragon's system.

The new STARGOV tokens will have upgraded tokenomics appealing to technical, data-driven token holders and protocols.

New STARGOV Token Details: Minted via the Aragon App as part of the initial DAO contract deployment. Mint function turned off. Maximum supply of 10M.

Token Allocation: 10% to existing STARGOV holders proportionate to their holdings.

5% to StarSeeds Protocol’s current founders, investors, and expert traders.

5% as early adopter incentives for StarSeeds Protocol DAO expert traders.

10% as STARV4 Liquidity Provider rewards over 2 years (details TBD by StarSeeds DAO).

10% to StarSeeds Protocol DAO voters based on vote weight and performance of Treasury management options.

10% to V4 Origin Relics, starting with 2% per year and halving annually.

10% to buy and burn STARGOV+ tokens at 2% per year.

10% for future StarSeeds Protocol DAO-approved incentive programs.

30% to permanent liquidity as follows:

3.3% in a Quickswap UNI V2 LP contract with LINK.

13.2% in a DodoX one-sided LP contract with a slippage coefficient of 0.2, paired to LINK.

33% in a Quickswap UNI V2 LP contract with STARV4.

51% in a Quickswap UNI V2 LP contract with STARGOV+.

STARGOV+ Token Details:

A deflationary yield-bearing token wrapper for STARGOV.

Minted via DodoX token factory with additional STARGOV token minting disabled.

6M total supply. 3% burn-on-transfer and 1% tax-on-transfer, distributed to 4V Origin Relic Stakers.

STARGOV+ Liquidity Allocation:

50% in a Quickswap UNI V2 LP with STARGOV.

12% in a Quickswap UNI V2 LP with STARV4.

12% in a Quickswap UNI V2 LP with BTC-SS.

12% in a Quickswap UNI V2 LP with LINK-SS.

8% in a Quickswap UNI V2 LP with GHST-SS.

4% in a Quickswap UNI V2 LP with USD-SS.

1.6% in a DodoX Single Sided LP with POL, configured to 0.5% fee and 0.2 coefficient. To be migrated to the below LP when token balance reaches about 50/50.

0.4% in a Quickswap UNI V2 LP with POL. Conclusion

If this proposal passes, all future votes will occur in the StarSeeds Protocol's Aragon DAO.

The new STARGOV tokens will be minted and distributed, followed by the deployment of STARGOV and STARGOV+ liquidity.

Finally, all StarSeeds Protocol Treasury assets and contract ownership rights will be transferred to the StarSeeds Protocol's Aragon Treasury.