Governance Overview
Last updated
Last updated
Structure
Who owns the DAO? Who controls the DAO treasury?
– Holders of $CVL tokens.
Is DAO a registered company?
– DAO is not a registered company. We are a group of token holders who agree to manage a set of smart contracts on the blockchain.
Principles
DAO is not a company. It does not have a management team or employees. DAO is a group of developers and stakeholders who own $CVL tokens and are motivated for the success of the project, while the developers had no advantages and bought tokens just like any other participant or investor who believed in the project at one of the rounds or on the exchange. Complete equality of the system! Anyone can propose partnerships and protocol updates for the DAO. $CVL token holders will vote to accept or reject these proposals. The DAO gives token holders the right to submit proposals and vote on them. It does not give holders the right to impose their will on other holders.
Voting takes place here:
In order to make an offer or vote, you must have a $CVL token in the amount of at least 1000 tokens on your wallet.
CVLDAO is owned and governed by CVL token holders. Our initial policy is for the following actions to be executed only after a successful proposal and vote:
token swaps with existing and emerging projects.
treasury allocation into various projects or autonomous entities (in the form of funding, liquidity support, and grants)
updates to Ecosystems Civilizations (including governance and treasury management functions).
We imagine that these policies will change overtime after discussions with the CVLDAO community.
In Phase 1 CVLDAO will utilize the industry standard setup of XDAO, off-chain governance, and multi-sig administrators.
In Phase 2 CVLDAO will look to build a custom governance module, most likely referencing on-chain upgradable solutions such as Compound Governor Bravo.