The purpose of this governance framework is to outline the required governance processes for New Order DAO. This framework will ensure that all members of the DAO have a clear understanding of how the governance system works and how proposals can be put forward and voted on.
Phase 1: Request for Feedback (RFF)
Proposals will start in the RFF phase. These are proposals that require feedback and are posted on the Commonwealth forum. RFF proposals must have a 24 hour minimum and 48 hour recommended discussion phase before moving forward. During this phase, all members of the DAO are encouraged to provide feedback, suggestions, and any concerns related to the proposal.
Phase 2: New Order Improvement Proposals (NOIP)
Once the required duration for the RFF proposal is over, we have the NOIP phase. These are finalized proposals ready for implementation and will be reposted on Commonwealth with any revisions (if necessary) based on feedback from the RFF phase. It will also be posted on Snapshot for voting, which requires a 48 hour minimum and 72 hour recommended voting phase. During this phase, veNEWO holders are able to vote for or against the proposal on Snapshot.
Phase 3: Implementation
If the majority of Snapshot votes are in favor of the NOIP and the quorum (a minimum of 10% of the veNEWO supply) is met, the proposal will be implemented.
If the majority of the Snapshot votes are against the proposal and/or if the quorum isn't met, the NOIP will not be considered closed and will not be implemented.
While anyone is allowed to participate in the sentiment voting during the RFF phase, only veNEWO holders are eligible to vote during the NOIP phase - specifically on Snapshot.
As of 4/10/23, proposals will be numbered in chronological order for organization. This will help to ensure that all proposals are easily identifiable and can be tracked over time.
Proposals that are unreasonable or attempt to harass or troll others will be removed. This is to ensure that the DAO remains a positive and productive space for all members.
Suggested Proposal Structure
Title: What is this proposal about?
Author: Who is writing the proposal?
Summary: 1-2 sentence description of the proposal
Abstract: Specific details on what the proposal intends to accomplish
Motivation: Why is this being proposed?
SupportingEvidence: Additional information that’s relevant to the proposal (metrics, links, resources, etc)
Implementation: What does implementation look like and what is the timeline?
This governance framework will ensure that New Order DAO operates in a fair, transparent, and effective manner. By following these specific and required governance processes, all members of the DAO will have an equal say in the decision-making process, and proposals will be implemented in a way that benefits the DAO as a whole.