Overview

Description

UNITS DAO is a decentralized governance framework that empowers UNIT0 token holders to shape the future of the UNITS ecosystem. By adding and voting on proposals, stakeholders influence the ecosystem's key features and ensure its evolution according to the community’s vision.

Key Features

• Ecosystem Advancement: Opportunity to drive the development of the UNITS ecosystem.

• Decentralized Governance: UNIT0 token leveraged as the governance token.

• Incentive Structures: Rewards for active participants and TVL-driven project grants.

• Efficient Proposal Management: Transparent and user-friendly proposal management.

How it works

DAO governance operates through proposals, each going through the stages:

1. Proposal Creation.

2. Voting Process.

3. Outcome and Implementation.

Proposal Creation

1. A user logs in with their wallet and stakes at least 1,000 UNIT0 tokens.

2. The user submits a proposal with a title, description, and transaction payload properties.

3. Proposals enter a one-hour discussion phase before voting begins.

Voting Process

Voting lasts at least seven days, with participants needing a minimum of 1 UNIT0 token staked to vote.

NOTE: A quorum of at least 30% of tokens staked on the L'UNITS DAO platform is required to approve a proposal.

Outcome and Implementation

NOTE: The proposal can result in:

• Rejection if it fails to reach quorum or receives more No votes.

• Approval if it meets quorum and receives more Yes votes.

Once approved, the proposal is executed on the UNIT0 network, either automatically or manually.