[Proposal] Create TrueFi DAO

Author: @hal

Summary:

TrueFi DAO governance will use the OpenZeppelin standard Governor smart contracts and Tally front end. Both are industry standards with strong security features. Proposals are created with a set of desired transactions. If a user has enough TRU to meet the proposal threshold of 100,000 stkTRU, the proposal description and transactions are submitted to the Governor. In order for a proposal to pass it needs to meet a minimum quorum vote of 15% of all stkTRU tokens and final approval threshold of 50% of votes cast. If a proposal passes, the transaction is queued in a Timelock smart contract which allows execution after 2 days.

The three threshold amounts will be initially set by the TrueFi core team upon launch of on-chain governance. These thresholds may be changed later if a proposal is created and it gets passed by stkTRU holders through the governance process outlined above.

Governor 0x585CcA060422ef1779Fb0Dd710A49e7C49A823C9 Timelock 0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07

Parameters:

Proposal Threshold: 100,000 stkTRU Quorum Threshold: 15% Approval Threshold: 50%

Voting delay: 2 days Voting period: 3 days Timelock delay: 2 days

Proposal:

1. Designate stkTRU as the governance token for TrueFi
2. Establish TrueFi DAO using the governance contracts and parameters described in this post