⛓️On-chain proposals

After off-chain proposals are converted to on-chain, the proposal becomes immutable.

How Voting Works

The DAO supports two voting methods for operational decisions:

1. Linear Voting

   • Each locked token gives one vote

   • Best for straightforward decisions

   • Direct representation of token holdings

2. Quadratic Voting

   • Voting power is the square root of locked tokens

   • Reduces the influence of large token holders

   • Examples:

     • 100 tokens = 10 voting power

     • 400 tokens = 20 voting power

     • 900 tokens = 30 voting power

Key Governance Rules

• 🎯 Minimum Support: close to 2% of total SCI supply must vote for a proposal to be valid (subject to change)

• ⏰ Voting Period: 2 weeks to cast your vote (subject to change)

• 🔒 Lock Period: Tokens stay locked for 2 weeks after voting (subject to change)

• 🔄 Vote Changes: Allowed within first 1-12 hours of voting (subject to change)

• 📊 Minimum Participation: Need at least 1 SCI token to vote (subject to change)

Reward Calculation for Participation using PO tokens

Earn PO tokens for participating

1. Voting Streaks

   • Vote on consecutive proposals to build a streak

   • Current maximum streak of 5 proposals

   • Higher streak = higher PO token rewards

2. Reward multiplier

   • You will obtain a reward multiplier based on the number of locked SCI

   • Formula:

     • Multiplier = Locked SCI / Locked Token Multiplier Base

   • The base for the token locked multiplier is currently set at 5,000 SCI

   • If you have 50,000 SCI locked, the multiplier is calculated as follows:

     • 50,000 / 5,000 = 10. Your reward multiplier will be 10.

   • More tokens locked = higher reward multiplier

3. Total PO Token Reward calculation

   • Total PO token reward = voting streak x reward multiplier

   • ! PO tokens are only awarded for proposals that reach quorum!

Proposal Journey

1. Active Phase

   • Proposal is open for voting

   • Community discusses and debates

   • Votes are being collected

2. Scheduling Phase

   • Proposal has passed

   • Preparing for implementation

   • Delay prior to on-chain execution (if applicable)

3. Execution Phase (only for on-chain proposal execution)

   • Changes are implemented

   • On-chain actions are taken

4. Completion (only for off-chain proposal execution)

   • Proposal is fully implemented off-chain

   • Can only be called by admin

5. Cancellation (if needed)

   • Proposal fails to meet requirements

   • Community rejects the proposal

   • Technical issues found

Best Practices for Participation

1. Before Voting

   • Read the full proposal carefully

   • Understand which voting method is being used

   • Check the required quorum and timeline

2. During Voting

   • Consider community discussions

   • Vote according to your analysis

   • Monitor proposal progress

   • Change your initial vote if it falls within the vote change time

3. After Voting

   • Track proposal execution

   • Stay informed about outcomes

   • Participate in implementation discussions

Remember: Active participation in operations governance helps shape the future of the DAO and can earn you additional rewards through PO tokens.