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Governance

IDRISS is governed by its community through a DAOarrow-up-right (decentralized autonomous organization), an onchain system that enables collective ownership and governance.

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How we govern

The IDRISS governance framework constitutes the primary decision-making system for both treasury management and technical upgrades. The DAO adopts a lightweight, secure, and efficient optimistic voting framework. Consequently, a formal proposal is assumed to have passed a vote unless it is explicitly vetoed by the community of IDRISS tokenholders.

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Optimistic voting framework

  1. Proposal creation: any community member, whether or not an IDRISS tokenholder, may put forward a proposal idea on Discordarrow-up-right.

  2. DAO council review: currently comprised of 19 DAO Initial Members, who have been the signatories of the IDRISS token initiation transaction, the DAO council is responsible for championing a proposal idea to take shape as a formal proposal and progress to the voting stage. A simple majority of Initial Members is required for a proposal to progress.

  3. Voting: the following parameters apply to all votes:

  • Voting platform: Snapshotarrow-up-right

  • Voting Power (VP) proxy and supply:

    • 1 IDRISS = 1 Voting Power

    • Voting supply is defined as all tokens actively held in user wallets, tokens added to the initial Uniswap v3 liquidity pool (Base: 0x6F9d09253f99d2B6843b5ec62C23496c37327216), and lastly tokens that are locked in IDRISS vault contract (Base: 0x085e2dc1b05dcdbe011b5ad377c9f2fcd69b7057), or to be locked in the IDRISS vault as per the retroactive distribution schedule on July 6, 2025.

  • Veto quorum requirement:

    • IDFPs: 2/5 of the votable supply

    • IDIPs: 2/3 of the votable supply

  • Votable supply is defined as circulating supply + IDRISS tokens that are distributed into the IDRISS vault contract as per the retroactive distribution schedule - IDRISS DAO held liquidity position.

  • Vote options:

    • Abstain (VP not counted towards quorum)

    • Veto (VP counts towards quorum)

  1. Execution: DAO Managing Members are responsible for including proposals on Snapshot for voting, as well as enacting the results onchain (via means of a 3/5 multisig wallet) and offchain.

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Proposal frameworks

chevron-rightIDRISS Improvement Proposal (IDIP)hashtag

In order to become an IDIP, a proposal must contain the following sections and/or information:

  • Metadata (included separately):

    • IDIP number

    • IDIP title

    • Date created

    • IDIP type (see IDIP categorization)

  • Abstract: Serves as a short introduction to the proposal and should contain the summary of the motivation and specification sections.

  • Motivation: Should describe the "why" of proposed changes.

  • Specification: The most critical part of the proposal, this section should clearly and holistically lay out the proposed changes.

  • Backwards compatibility: Where applicable, this section should describe whether or not, and to what degree, do the proposed technical changes retain backwards compatibility with existing systems.

  • Security considerations: Where applicable, this section should inform of (and address) any and all security-related assumptions and perceived risks. In addition, it's recommended for proposal authors to exhaustively document risks as they arise during community feedback stage.

  • Copyright waiver: All IDIPs must waive all copyright and related rights under the CC0 1.0 Universal license. An example of a copyright waiver to be included in a proposal:

Copyright and related rights waived via the CCO 1.0 Universal license. this.

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IDIP categorization

IDIPs can be submitted in the following categories:

  • Metagovernance: The governance framework may be changed via IDIPs in this category. Example decisions: amending the DAO's constitution or bylaws, changing voting rights, establishing or dissolving governance committees, altering quorum requirements, and adjusting proposal processes.

  • Contracts: The IDRISS protocols require a set of contracts which may need to be upgraded both for security and protocol evolution purposes, e.g., IDRISS vault parameters.

  • Token: The IDRISS token is an immutable ERC-20 token. However, some decisions may need to be made by the community in the future, e.g., contract migration, minting or burning tokens, altering tokenomics, and modifying token vesting schedules.

chevron-rightIDRISS Funding Proposal (IDFP)hashtag

In order to become an IDFP, a proposal must contain the following sections and/or information:

  • Metadata (included separately):

    • IDFP number

    • IDFP title

    • Date created

  • Abstract: Serves as a short introduction to the proposal and should contain the summary of the motivation and specification sections.

  • Motivation: Should describe the "why" of proposed funding.

  • Specification: The most critical part of the proposal, this section should clearly and holistically lay out the proposed funding. It's recommended to include the following:

    • funding amount

    • in-depth description of the proposed grant/expenditure

    • proposed impact reporting throughout the duration of funding, and post-funding, e.g., community calls, onchain and offchain data-driven reporting, etc.

  • Copyright waiver: All IDIPs must waive all copyright and related rights under the CC0 1.0 Universal license. An example of a copyright waiver to be included in a proposal:

Copyright and related rights waived via the CCO 1.0 Universal license. this.

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