Today we’ve released the governance system for Polis and the team has transferred the contract ownership of the treasury funds and protocol parameters over to the community.
Every single person can take the advantage of participating in votings on different proposals such as funding the DAO, charity projects, or their own project with the help of their Drachmas (staked Polis). Proposals can include everything from charity, to development for Polis, and even protocol changes
This gives full power and autonomy to the community and lets them decide on Polis’s direction in the future.
This is a huge step for the Polis Protocol as it further decentralizes the protocol through the governance and will allow for more community engagement that will translate into great ideas and projects that will benefit the whole Polis Ecosystem.
You can find our Governance portal here:
Two contracts make up the governance, the Governance Treasury (Agora) and the Governance Staking Contract (Plutus) with different conditions and possibilities.
The Governance Treasury (Agora) will be used for normal proposals (very similar to the old governance) like developing tools for Polis, marketing ideas, charity, DAO funding, and so on. To create a proposal it’s necessary to have at least 1% of the total staking supply (locked Token in DRACHMA). It needs a quorum of 4% and the voting process will take 10 days. Timelock for every proposal there is 1 day after the voting was successful. This Timelock is a period that allows token holders to prepare accordingly to the voting results before the proposal gets actually funded.
The Governance Staking Contract (Plutus) will be used for changes related to the reward structure and other important protocol level changes. There you need 1.5% of the total staking supply (locked Token in DRACHMA) to create a proposal. It needs a quorum of 35% and the voting process will be 3.5 days. Timelock for every proposal here is 2 days after the voting was successful.
If you don’t have as much voting power the DAO can help you with this. You just have to contact the team and pitch them your idea for a proposal if the DAO decides to support you they’ll help you with the funding for your proposal and with the creation of the proposal itself.
It’s also possible to publish your proposal on the Polis forum first to get some feedback and maybe to collect some voting power from the delegation of the voting power of other community members.
Publish your proposal up to 10–14 days on the Polis forum first to collect some feedback from the community and the team before you go live on the platform. It will be easier to help you with the marketing on it and to inform the community about it.
We want to have a healthy and clean environment in our community. Proposals like porn and illegal stuff can be deleted by the DAO. For this, it needs the majority of votes from the DAO members.
You can read about how to setup a proposal here:
Delegate Your Power.
It is also possible to delegate your voting power to a third party. We recommend it is someone from the community you trust. Use cases for this function include but are not limited to, delegation to someone who you consider to be an expert on the topic or area that is being voted on, delegation to achieve the minimum requirements to create a proposal, or allow a third party you trust to express vote on behalf of your interests within the project.
Every vote needs to be delegated, so if you want to participate yourself, you will have to register and delegate your voting power to yourself.
From everyone on our team, we would like to sincerely thank you for your constant support. We hope to see a lot of new ideas from our community by using the opportunity to make proposals and decide on the direction of Polis in the future.
If you have any questions, don’t hesitate to ask. We appreciate your feedback and are happy to answer your questions.
Here you can find all the contact data you need for every single department at the DAO.
DAO Technology Manager.
Luis Correa — [email protected]
DAO Marketing Manager.
Maria Sidorova — [email protected]
DAO Adoption Manager.
Frank Servedio — [email protected]
DAO Community Manager.
Marc Rapf — [email protected]
DAO Business Manager.
Andreas Meyer — [email protected]