Voting
The Voting Framework outlines the voting process and voting that are used within the RugDAO.
Rug Radio Voting Framework.pdf
745KB
PDF
A graphical format of the Voting Framework can be found here.
On September 1, 2022, an amendment to this framework was passed that set up a tiered quorum structure.
On December 27, 2022, a second amendment to this framework was passed that reduced quorum tiers, increased voting timeframes, and more.
Person
A human being regarded as an individual; validation will rely on our strict Humanity Proof Mechanism
Quadratic voting
A voting mechanism that allows a single person to repeatedly vote for the same option to express the strength of their will, but with diminishing returns. For example, 1 vote may require 1 $RDAO, then 2 votes will require 4 $RDAO, 3 votes will require 9 $RDAO, and so on. This voting mechanism is often favored by Vitalik Buterin.
Moloch voting
1 person = 1 vote
Quorum
The minimum percentage of members capable of voting that must participate in a voting proposal to make it valid
Delegation
People may delegate their $RDAO votes to representatives; there will be a cap on the number of moloch and quadratic votes that may be delegated to a single representative.
Veto
Intended as a last resort to ensure obviously harmful governance proposals are not passed; would require a Moloch majority approval from the Core Team and DAO Council. Veto power would be revoked in a subsequent Voting proposal when deemed safe.
To ensure malicious actors or bots do not manipulate voting outcomes, we will leverage a system for individuals to confirm their humanity.
Gitcoin uses the following authentication interface, where users can complete various items to reach a certain number of "points" that will help confirm their humanity.
This shows just a few of "stamps" that can be used to verify humanity
RugDAO Proposal Voting Process
Future proposals to change the voting structure for various proposal types will require a minimum amount of information in order to be considered. See the following guidelines, which are similar to the columns in the Voting Matrix above.
{
“proposal_type": "",
"title": "",
"summary": "",
"voting_structure": "",
"sponsorship_details": "",
"quorum”,
“votes_needed": "",
"comment _duration": "",
"voting_duration": "",
}
Last modified 1mo ago