Governance Phase 1
Component or Feature
Phase 1 Design
CVL, GT XDAO
Gnosis Snapshot Space Owner
CVLDAO uses a direct implementation of XDAO to store its treasury assets. XDAO is a widely used standard for enabling multi-sig control.
CVLDAO's main treasury contract is upgradeable and can be found at the following Binance Smart Chain address: https://bscscan.com/address/0xad2af2df62d47b732cdf70c0bb9a3a8994541b84
Do not transfer assets into the CVLDAO Treasury unless you intend on making a donation. Transferring assets into the CVLDAO Treasury will not return any CVL tokens or any other tokens. Any assets transferred into the CVLDAO Treasury address cannot be recovered unless there is a DAO proposal and vote to do so.
We rely on XDAO's extensive testing suite, bug bounty program, and security audits. For additional information regarding the contract, please look at the XDAO documentation.
Audits of all smart contracts were also carried out. Also, there is no updateable proxy in the system, and there is no way to change the state of current contracts.
Gnosis Snapshot is an off-chain vote aggregation platform. Snapshot supports off-chain governance for many industry-leading blockchains and DeFi projects such as Balancer, Yearn Finance, SushiSwap, Uniswap, Bancor, The Graph, and Aave. We chose Snapshot as an off-chain vote aggregation platform to make governance simple and transparent for our users. It is a tried and true solution with a great user interface and user experience.
Snapshot-based governance, is commonly referred to as "soft" governance as the result of the vote is not automatically implemented -- it requires a development and operations team to perform subsequent actions and implementation of changes via a multi-sig.
In the Civilization community forums and Discord channels, there is a dedicated space for discussing ideas related to grants, token swaps, the protocol roadmap, and governance. Members of the community are encouraged to share their ideas and discuss them with others, and those that gain enough support can be submitted for voting.
To submit an idea for voting, a community member may create a "soft proposal" for Snapshot – a tool that allows for community polls and testing of ideas. These proposals are not guaranteed to be implemented, but they can be used to gauge the community's interest in a particular idea. If the idea receives enough support, it can be adopted by a development team and turned into finalized code that is audited and deployed by multi-sig administrators.
Overall, the community forums and Discord channels are great places to share ideas and collaborate with others on the Civilization project. If you have an idea that you think could benefit the community, be sure to share it and see what others think!
In Phase 1, CVLDAO treasury and Snapshot Space are administered by a multi-sig wallet.
We will look to community suggestions to distribute the signing keys more widely (for example 6 of 12 signers). Proposed changes to multi-sig signers or rules will be submitted via Snapshot proposal and voting process.
Phase 1 Parameter
1 CVL = 1 Vote Weight
Minimum 7 days
160,000,000 CVL (about 2.0% of token supply)
- The above settings are managed by the CVLDAO Snapshot Space administrators, who have been nominated DAO: 0xad2af2df62d47b732cdf70c0bb9a3a8994541b84
- In Phase 1 Snapshot, the above parameters are policies and are not enforced by code. The CVLDAO-affiliated R&D centers, and multi-sig administrators will not recognize any proposals that do not comply with the above settings.
- The above settings can be changed. We will discuss with the community on our forum, and submit a proposal vote prior to making any changes.
Snapshot Strategy Defines the vote weight of each token. Our initial setting is 1 CVL = 1 vote weight, so each CVL has equal voting power. Future strategies may include: allocating vote weight to xCVL or CVL-BNB LP tokens to enable CVL holders who have staked, wrapped, or provided liquidity to retain voting power.
Proposal Threshold "Proposal Threshold" is typically defined as the number of votes required to create a proposal. In CVLDAO Snapshot Space this is done through a visual filter, to only display proposals from users who have at least the threshold number of CVL tokens delegated to their address.
Vote Duration The length of time between voting start and voting ends.
Vote Threshold The minimum number of vote weight (CVL tokens) required to vote on a proposal. If this minimum is not met, the vote is unsuccessful even if the majority of voters voted yes.