DAO Governance Process

The SFT DAO governance process consists of the following steps:

  • Proposal Submission: Community members can submit proposals covering protocol upgrades, fund allocations, LFG, etc. Proposals must meet certain requirements (e.g., rSPD credit threshold) to be formally submitted.

  • Community Discussion: Once submitted, proposals enter a community discussion phase. Members can discuss the proposal on designated platforms or community forums to build consensus.

  • Voting: After thorough discussion, proposals enter the voting phase. Members holding governance tokens or rSPD credits can vote to support or oppose the proposal. Votes are weighted based on the amount of tokens or credits held, ensuring voting rights align with each member's holdings.

  • Proposal Execution: If the proposal passes, SFT DAO initiates the execution process to implement the proposed changes. For proposals involving technical modifications, the tech team assists with deployment or upgrades.

  • Review and Feedback: After execution, the community reviews the proposal's impact and outcomes to gather insights and continually improve the governance process.

Through this process, SFT DAO achieves decentralized, transparent, and efficient governance, giving members opportunities to make autonomous decisions and contribute to project development.

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