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Governance
The governance of the DAO will be run through member voting.
- Be a member of governance body of the DAO with voting rights
- The right to submit proposals for voting
- The right for sourcing and diligencing new projects to invest (including yours)
NFT-weighted quorum voting
- Members of the GF DAO can buy and hold an unlimited number of GF DAO NFTs.
- Every NFT (not holder) has a vote weight of 1.
- The weight of a vote is the number of NFTs held by the voter.
Investments proposals, high stake decisions and all the proposals about DAO governance are primary proposals and require:
- 10% minimum participation (quorum)
- 66% pass rate
- Voting Period: 24 hours
All the other proposals that don't require the entire DAO's input
- 3% minimum participation (quorum)
- 50% pass rate
- Voting Period: 24 hours
*In the event that a proposal receives a majority of "yes" votes but fails to meet the necessary quorum, a second vote will be conducted immediately and without a quorum requirement
Last modified 7mo ago