G DAO is controlled by Staked G holders. Staked G holders have the ability to control funds held by the G DAO Community Treasury. All proposals need to go through a three-step process described below. In order for a proposal to pass, it must have over 50% passing votes with endorsement from wallet addresses holding at least 120,000,000 Staked G, with delegation allowed. When a proposal is passed, the changes will be implemented by Gravity’s operation team and signed by the multi-sig, if necessary.
Proposal
All proposals need to go through the following process:
Phase 1: Proposal Temperature Check - Discourse
The purpose of the Temperature Check is to determine if there is sufficient will to make changes to the status quo. To create a Temperature Check for your Proposal, follow the Proposal Template and post on the DAO Governance category.
Proposal Template:
- Abstract
- Motivation
- Specification
– Overview
– Scope
– Success Criteria
– Timeline/Budget
– References
The temperature check must be held for a period of at least 5 days. If feedback is sufficient, the proposal can move to Phase 2.
Phase 2: Vote Proposal — Snapshot
Once your proposal has passed the temperature check, you can work with the operation team to schedule a snapshot vote. The snapshot vote will last for 5 days. In order for a proposal to pass, the GP must have:
- Over 50% passing votes
- Endorsement from wallet addresses holding at least 120,000,000 Staked G
- If the proposal is asking for funds less than $50,000 or does not implement significant change to the token/contract, the quorum for the vote is 12,000,000 Staked G
Implementation
When a proposal is passed, the changes will be implemented by Gravity’s operation team and signed by the multi-sig, if necessary.
Multi-signature Signers
The multi-signature wallet signers are voted in by Staked G holders. They are also subject to change from future governance votes.
