Governance & DAO

Technical Workflow

What are DAOs?

DAOs are an effective and safe way to work with like-minded folks around the globe. Think of them like an internet-native business that's collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice. There's no CEO who can authorize spending based on their own whims and no chance of a dodgy CFO manipulating the books. Everything is out in the open and the rules around spending are baked into the DAO via its code.

Why do we need DAOs?

Starting an organization with someone that involves funding and money requires a lot of trust in the people you're working with. But it’s hard to trust someone you’ve only ever interacted with on the internet. With DAOs you don’t need to trust anyone else in the group, just the DAO’s code, which is 100% transparent and verifiable by anyone.
This opens up so many new opportunities for global collaboration and coordination. The Dolven team primarily aims to fund decentralized project funding in the StarkNet ecosystem and expand to other networks. To achieve this goal, it has established DAO structure and draws strength from its community.
Decentralized funding is very important for the token value of the projects to be invested in. Through DAO the project will reach a larger community and it is also one of the best token distribution methods. Dolven invests in projects as a community, not as a single source. This way, we provide an equitable way for the project to be invested.

How does Dolven Labs make decisions for project investments?

The Dolven Labs team submits the projects to be invested for the community to vote, if the project is accepted through voting, Dolven Labs team will invest in the project. Tokens received in return for the investment made are distributed to all delegates in the form of airdrops. To become a Delegate on Dolven Labs user should stake $DLV or Liquidity pool token of $DLV more than the minimum deposit limit of DL ticket. (Minimum Deposit Limit T.B.D) Delagtors in Dolven are more privileged than other users and have several advantages.
For projects that fail to receive early-stage investment from Dolven Labs, a provision for re-evaluation is planned and it's called Lower Bracket Qualification.

Voting Power

There are two models that can be implemented to define voting power.
  • Delegates have equal voting power.
  • Delegates voting power is based on their DL ticket value. The greater the DL ticket value, the higher will be the value of the Delegators vote.
To choose the model to implement our first Dolven Labs DAO voting will be to decide this.
There are initially two powers associated with each DL Ticket:
  • The proposal power which gives access to creating and sustaining a proposal.
  • The voting power which is used to vote for or against existing proposals.
Note:
  • The proposer must have a proposal power higher than the proposition threshold.
  • The voter must have more than 0 tickets to vote.

Lower Bracket Qualification

Rejected projects who want to participate have the option to request a re-evaluation. Every month special voting is held for projects that requested a re-evaluation.
Dolven Labs DAO votes and the projects that receive majority votes are then moved to get listed as a passed project and are then put against other passed projects for the next upcoming DAO voting. Dolven Labs team aims to be a facilitator of a seamless DAO experience. The team will act as training wheels for the platform for its initial stage.
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Technical Workflow
What are DAOs?
Why do we need DAOs?
How does Dolven Labs make decisions for project investments?
Voting Power
Lower Bracket Qualification