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Governance Structure
Here we provide a brief overview of our proposal process and Community-owned Treasury.
In the long term, we envision Soul Protocol to be a community governed protocol, such as a DAO. SOUL is a governance token that enables holders to vote on community proposals.

Proposals

Community proposals will be submitted to our forums, where members can discuss its merits and clarify questions. Proposals may be brought up for voting by core team members, if they gain sufficient traction. Please see the Forum for full details regarding the structure for proposals.

Voting Process

Proposals will be voted on, with AURA to decide the outcome.
Our voting platform may be found here: https://enchant.soulswap.finance​
AURA is determined by:
  • SOUL in the SOUL-FTM pool is worth 2 AURA
  • SEANCE held via ENCHANT worth 1 AURA
  • SOUL held by user is worth 1 AURA
Please note: to be an eligible voter for any proposal on our Snapshot, you must have AURA from any or all of the 3 above options at the time of the vote being started. This means that you cannot simply buy SOUL to vote on an already ongoing vote, and is meant to reduce the risk of influence by whales and flash-loaners.
For a vote to pass and become binding, it must gain a quorum of at least 100,000 AURA.

Treasury

Every use of the treasury will require that the multi-sig sign it. The members of the multi-sig should only sign it if it is the will of the community and has had a passing vote by quorum. There must be a majority of signatures for a transaction to be approved.
At time of launch, uses of the treasury will be entrusted to 0xBuns and DeGatchi until community governance milestones are met, and holders (chosen from the community) are in place.
Last modified 1mo ago