# Governance Phase 1 ## **Key Design Choices** | Component or Feature | Phase 1 Design | | --------------------------- | --------------- | | CVLDAO Treasury | XDAO | | Governance | Gnosis Snapshot | | Governance Token | CVL, GT XDAO | | XDAO Owner | Multi-sig | | Gnosis Snapshot Space Owner | Multi-sig | ### **CVLDAO Treasury** CVLDAO uses a direct implementation of [XDAO](https://github.com/xdao-app/xdao-contracts) to store its treasury assets. XDAO is a widely used standard for enabling multi-sig control. CVLDAO's main treasury contract is upgradable and can be found at the following Binance Smart Chain address: {% hint style="danger" %} Do not transfer assets into the CVLDAO Treasury unless you intend on making a donation. Transferring assets into the CVLDAO Treasury will not return any CVL tokens or any other tokens. Any assets transferred into the CVLDAO Treasury address cannot be recovered unless there is a DAO proposal and vote to do so. {% endhint %} We rely on XDAO extensive testing suite, bug bounty program, and security audits. For additional information regarding the contract, please look to the [XDAO documentation](https://docs.xdao.app/). Audits of all smart contracts were also carried out. Also, there is no updateable proxy in the system, and there is no way to change the state of current contracts. ### **A**udit reports are available on GitHub: * [Pessimistic Audit](https://github.com/xdao-app/xdao-contracts/blob/master/audits/pessimistic/pessimistic.pdf); * [Hacken Audit](https://github.com/xdao-app/xdao-contracts/blob/master/audits/hacken/hacken.pdf). ### **Governance Module (Gnosis Snapshot)** [Gnosis Snapshot](https://snapshot.org/#/) is an off-chain vote aggregation platform. Snapshot supports off-chain governance for many industry leading blockchain and DeFi projects such as **Balancer, Yearn Finance, SushiSwap, Uniswap, Bancor, The Graph, and Aave**. We chose Snapshot as an off-chain vote aggregation platform to make governance simple and transparent for our users. It is a tried and true solution with a great user interface and user experience. Snapshot-based governance, is commonly referred to as "soft" governance as the result of the vote is not automatically implemented -- it requires a development and operations team to perform subsequent actions, and implementation of changes via a multi-sig. Our Snapshot Space: ### **Other Governance Discussions** In the community Discord and Forum, there will be a separate channel to discuss ideas around grants, token swaps, protocol roadmap, and governance. Ideas that garner enough community support can be submitted for voting. A community member may draft a soft proposal for Snapshot that leads to an official community vote. Such proposals act as a “temperature test” or a poll, but do not guarantee implementation. The idea needs to be adopted by a development team, with finalized code audited and submitted, then deployed by the multi-sig administrators. ### Multi-Sig Administrators In Phase 1, CVLDAO treasury and Snapshot Space are administered by a multi-sig wallet. We will look to community suggestions to distribute the signing keys more widely (for example 6 of 12 signers). Proposed changes to multi-sig signers or rules will be submitted via Snapshot proposal and voting process. ## **Proposal and Voting Parameters** ### Key **Settings** | Item | Phase 1 Parameter | | ------------------ | -------------------------------------------- | | Snapshot Strategy | 1 CVL = 1 Vote Weight | | Proposal Threshold | 5,000,000 CVL | | Vote Duration | Minimum 7 days | | Vote Threshold | 160,000,000 CVL (about 2.0% of token supply) | Note: * The above settings are managed by the CVLDAO Snapshot Space administrators, who have been nominated DAO: 0xad2af2df62d47b732cdf70c0bb9a3a8994541b84 * In Phase 1 Snapshot, the above parameters are policies and not enforced by code. The CVLDAO affiliated R\&D centers, and multi-sig administrators will not recognize any proposals that do not comply with the above settings. * The above settings can be changed. We will discuss with the community on our forum, and submit a proposal vote prior to making any changes. ### Definitions **Snapshot Strategy**\ Defines the vote weight of each token. Our initial setting is 1 CVL = 1 vote weight, so each CVL has equal voting power. Future strategies may include: allocating vote weight to xCVL or CVL-BNB LP tokens to enable CVL holders who have staked, wrapped, or provided liquidity to retain voting power. **Proposal Threshold**\ **"**Proposal Threshold" is typically defined as the number of votes required to create a proposal. In CVLDAO Snapshot Space this is done through a visual filter, to only display proposals from users who have at least the threshold number of CVL tokens delegated to their address. **Vote Duration**\ The length of time between voting start and voting end. **Vote Threshold**\ The minimum number vote weight (CVL tokens) required to vote on a proposal. If this minimum is not met, the vote is unsuccessful even if the majority of voters voted yes. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://civilization.gitbook.io/civilization/dao/governance-phase-1.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.