> Welcome to TecViva DAO Governance Hub
> Current voting proposals: ?
> Active governance participants: ?
> Ready for governance operations _
Voting on the TEC Viva DAO
- 1 $TEC = 1 voting power
- In order to vote, users require a voting power of 600 $TEC
- Submitting proposals require a voting power of 3000 $TEC
- Proposals submitted by the TEC Viva DAO, are only eligible for $TEC distributions
DAO Dashboard
The TEC VIva Dao dashboard can be accessed at this address: TBA
Submitting Proposals
If you wish to gain protocol or community support for your proposal, you may submit a draft within the Telegram governance channel. The submission of proposals require a voting power of 3000 $TEC. These votes are non-binding. If quorum and support is achieved, the proposal will be automatically upgraded to a TEC Viva DAO proposal and resubmitted for voting with distributions.
Please adhere to the following format:
- Link to the Telegram thread discussion.
- Summary (rationale, timeline, goals, risks, effects)
- End time of a proposal should not be longer than 30 days from its starting time.
Proposals that do not comply to this format will be removed.
DAO Votes
There are three types of votes:
Parameter Votes
Can modify pool parameters.
Require: 10% quorum with 40% support.
Protocol Votes
Can control most functionality within the protocol.
Require: 15% quorum with 51% support.
DAO Votes
Can control the release of additional circulating supply from the reserve, new protocol liquidity pools, and special interest DAO fund distributions.
Require: 20% quorum with 60% support.
Quorum = total voting power of the circulating supply