Governance
PUBLIC PREVIEW DOCUMENT
This document is currently in public preview and may change significantly as feedback is captured from the community.
Overview
Xyxyx Protocol is managed by Xyxyx DAO, a decentralized organization of XYXYX token holders responsible for shaping the protocol's future.
The DAO enables a community-driven approach to decision-making and management, empowering XYXYX token holders to influence the development and operation of the Xyxyx Protocol.
Through a collective voting mechanism and a consensus-building process, Xyxyx DAO ensures that the Xyxyx Protocol evolves in alignment with the interests and inputs of XYXYX token holders, fostering a decentralized, community-centric governance model.
Governance Framework
Xyxyx DAO is responsible for governing the Xyxyx Protocol, which includes (1) proposing changes and new features to the protocol; (2) dictating the policy for accessing the Xyxyx Launchpad; (3) dictating the Treasury, and (4) improving governance itself.
The protocol governance is structured upon two types of governance proposals:
Governance Process
The governance process will typically follow a two-stage process:
(1) a public discussion post on the Governance Forum and (2) a Snapshot voting.
Forum
Governance proposals will typically start with a post on the forum. The forum post, though optional, is strongly encouraged. Feedback from the community and team will materially increase the chances of a successful and well-aligned governance proposal. Anyone can post and contribute to the discussion on the Governance Forum.
Snapshot
Governance proposals must be issued for voting on Snapshot and succeed to become implemented into the protocol.
Governance Parameters
Governance Infrastructure
Forum: forum.xyxyx.pro
Snapshot: vote.xyxyx.pro
ENS: xyxyxdao.eth
Xyxyx team uses the address 0xB42d...B7a1 as a governance node for issuing proposals on Snapshot. The address is whitelisted as author, however, has no voting power. No more addresses can be whitelisted.
Future Implementations
Xyxyx will continuously strive towards an ideal balance of decentralization and productivity. In the future, the protocol will be moving towards implementations such as:
Move from proxy voting to on-chain voting
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