Prop #1 - Early Governance Program

The Early Governance Program, EGP, sets forth reward mechanisms for governance participants.

We are introducing a SEAL ERC721. This NFT will be rewarded to governance participants each time they vote in either governance house. They will be distributed within 48 hours after each proposal passes.

Each NFT will represent a one-year lock of CANDLE. The amount of CANDLE locked in the SEAL will be proportionate to the square root of your voting power.

SEALs will increase your Influence. More on this soon.

The total allocation, i.e. new CANDLE minted through SEALs, is proposed at 200,000 CANDLE.

The total amount of CANDLE contributed by the DAO treasury to the program is proposed at 50,000 CANDLE.

The rates per proposal are:

Prop #1 - This Proposal 20k CANDLE 5k CANDLE SEAL

Prop #2 15k CANDLE 10k CANDLE SEAL

Prop #3 10k CANDLE 15k CANDLE SEAL

Prop #4 5k CANDLE 20k CANDLE SEAL

Prop #5 25k CANDLE SEAL

Prop #6 25k CANDLE SEAL

Prop #7 - EGP Renewal 50k CANDLE SEAL

Prop #8 - Minimum Voting Power to Author Proposals 50k CANDLE SEAL

After Prop #8, all future proposals can be authored by anyone who meets the criteria set forth in Prop #8.