Governance

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.

Optimistic voting framework

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

  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: Snapshot

  • 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.

Proposal frameworks

IDRISS Improvement Proposal (IDIP)

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.

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.

IDRISS Funding Proposal (IDFP)

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.

PreviousTokenomicsNextRetroactive distribution

Last updated