Proposals & Voting
In Phase One of WOO DAO, we will utilize WOO Network's official Discord server for discussion, proposals and voting. This will allow on-chain WOO token holders, WOOFi stakers and WOO X stakers to participate in the decision-making of WOO DAO initiatives.

Governance Power

Users receive governance power by getting the "voter" role in the WOO Network Discord server. There are three ways to obtain the role:
  • Holding 1,800 WOO or more on Ethereum, BSC, or Polygon
  • Staking in WOOFi Stake and holding 1,800 xWOO or more on BSC
  • Becoming Tier 2 or above in the staking program on WOO X
Please follow How to get a voter role to be eligible for voting in the discord.

Governance Proposals

The lifecycle of a proposal is illustrated in the diagram below.
WOO DAO Proposal Lifecycle

1. Initial Discussion

Any community member can raise ideas in open form in the #idea-discussion channel for the community to comment on. It's the stage to gauge initial interests and support from the DAO members.

2. WOO Request for Comments (WRC) Assessment

Once the idea gets some interest and support, any member with a "voter" role can flesh it out and propose a WOO Request for Comments (WRCs) in the #wrc-threads channel.

Submitting a WRC

When submitting a WRC, a thread should be created in the #wrc-threads channel covering following the WRC Template to cover as much information as possible for the DAO member and working groups to assess. Only a member with a "voter" role in the discord can create a WRC. If the proposer does not have a "voter" role, other members can submit on his/her behalf, but the WRC creator should clarify the relationship with the real proposer.

Commenting / discussion period

Once posted on #wrc-threads channel, important questions and comments in the thread should be replied to and taken into consideration, to further improve the WRC. And relevant DAO working groups will be actively involved in this stage to provide inputs to help other DAO members to better understand the WRC and have informed discussion. DAO working groups will also perform more assessment on the risks and feasibility of the WRC, whether it aligns with the missions stated in the DAO manifesto as well as the rough consensus among the DAO members.
In this phase, the decision of whether and when a WRC can be moved to WIP is delegated to the DAO working groups to ensure the efficiency of the process.

3. WOO Improvement Proposal (WIP) Voting

If the DAO working groups decide to move a WRC to the next stage, a working group facilitator needs to submit a WOO Improvement Proposal (WIP) following WIP Template to the DAO operation team. A WIP should be comprehensive and precise enough so it's executable and the result is verifiable.

Announcing the WIP Voting

The DAO operation team announces a WIP in the #wip-announcements channel which includes the contents of the WIP and a Pollmaster voting event. Any discord member can see the WIP voting, but only votes from members with a "voter" role will be counted. The Pollmaster voting is anonymous which means the result is not visible until the voting ends. A WIP voting typically lasts for 72 hours, and it requires a quorum of 10% of the eligible voters and at least 55% of the votes in favor to pass.
There might be exceptions for some WIP due to its nature and urgency, and those will be communicated by the DAO operation team in the WIP voting announcement.

Announcing the voting result

Once the WIP voting ends, the DAO operation team will get the result from Pollmaster and announce it in the #wip-announcements channel.
We highly recommend turning on the notification for the #wip-announcements channel so you do not miss a WIP.

4. Execution & Updates

If the WIP passes, the working group facilitators will work with the WOO Network team to execute the action stated in the WIP and provide periodical updates to the DAO members.
Last modified 2h ago