[Proposal] Create TrueFi DAO
Author: @hal
Summary:
TrueFi DAO governance will use the OpenZeppelin standard Governor smart contracts and Tally front end. Both are industry standards with strong security features. Proposals are created with a set of desired transactions. If a user has enough TRU to meet the proposal threshold of 100,000 stkTRU, the proposal description and transactions are submitted to the Governor. In order for a proposal to pass it needs to meet a minimum quorum vote of 15% of all stkTRU tokens and final approval threshold of 50% of votes cast. If a proposal passes, the transaction is queued in a Timelock smart contract which allows execution after 2 days.
The three threshold amounts will be initially set by the TrueFi core team upon launch of on-chain governance. These thresholds may be changed later if a proposal is created and it gets passed by stkTRU holders through the governance process outlined above.
Governor 0x585CcA060422ef1779Fb0Dd710A49e7C49A823C9 Timelock 0x4f4AC7a7032A14243aEbDa98Ee04a5D7Fe293d07
Parameters:
Proposal Threshold: 100,000 stkTRU Quorum Threshold: 15% Approval Threshold: 50%
Voting delay: 2 days Voting period: 3 days Timelock delay: 2 days
Proposal:
- Designate stkTRU as the governance token for TrueFi
- Establish TrueFi DAO using the governance contracts and parameters described in this post
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x2bBd...BfB1bF | 45.99M | YES |
 0x150e...9B65A5 | 15M | YES |
 0xF10B...1B05A8 | 4.751M | YES |
 0xf91d...a95dA4 | 4.672M | YES |
 0x4b1A...24E991 | 4.375M | YES |
VOTE POWER
Proposal Status
- Tue May 17 2022, 03:13 amVoting Period Starts
- Thu May 19 2022, 07:15 amEnd Voting Period
Current Results
1-YES
94.665M