The StakeEasy DAO, or “Decentralized Autonomous Organization ,” is a community-led system with no central authority. It is fully autonomous and transparent. Ultimately, a DAO is governed entirely by the community who’ll collectively make critical decisions about the future of the protocol, such as technical upgrades, treasury allocations, adding validators to the active set and many more.
Community members create proposals about the future operations of the StakeEasy protocol (Proposal deposit: 1000 $SEASY) and then come together to vote on each proposal at: https://dao.stakeeasy.finance/vote . Proposals that achieve some predefined level of consensus are then accepted and enforced by the rules instantiated within the smart contract.
Voting power will be determined by how many tokens you had registered at the time the proposal was created. Initially quorum is set to 10%, that means a proposal can only pass when 10% of $SEASY token stakers have voted.
The passing percentage is only calculated among those who voted. Passing threshold is set to majority
Note: Threshold and quorum are not the same. Threshold is about the proportion of “yes” votes a proposal requires. Quorum is about the “voter turnout” a proposal requires
StakeEasy DAO: https://dao.stakeeasy.finance/
Benefits of StakeEasy DAO
There are several reasons why StakeEasy pursues a DAO structure. Some of the benefits of this form of management include:
- Decentralization: Decisions impacting the StakeEasy protocol are made by a community itself now. Instead of relying on the actions of one individual or a small collection of individuals a DAO can decentralize authority across a vast range of users.
- Participation: Stakers are more empowered and connected to StakeEasy as they have a direct voting power on all matters. A DAO encourages $SEASY token stakers to cast votes, earn protocol fees as a share for staking their $SEASY tokens, or use their tokens in ways they think is best for the protocol.
- Publicity: Within DAO their vote and their decisions will be made publicly viewable. This incentivizes actions that will benefit voters’ reputations and discourage acts against the community. All votes and activity through the DAO are posted on https://dao.stakeeasy.finance/ , making all actions of users publicly viewable.
- Fee Sharing: StakeEasy DAO is a concrete step towards Decentralization and $SEASY stakers will be sharing the protocol fees which will make StakeEasy more decentralized and autonomous.
- Community: This StakeEasy DAO encourages members from the ecosystem to seamlessly come together to build a single vision.
To know all the details about the governance proposal process, read: https://stakeeasy.medium.com/community-governance-process-aac3115b20c2
To learn more, visit https://dao.stakeeasy.finance/ and follow our socials:
- Discord: https://discord.gg/gKjzApDstD
- Twitter: https://twitter.com/StakeEasy
- Commonwealth: https://commonwealth.im/stakeeasyfinance
- Medium: https://medium.com/@stakeeasy
- Website: https://stakeeasy.finance/
- Telegram: https://t.me/StakeEasyProtocol
