DAO Contributors
Role of DAO Contributors within the Skyren Ecosystem
Skyren DAO Contributors hold a vital position in ensuring the effective operation and profitability of the Skyren DAO. Their work is essential, and they collaborate closely with Skyren Project Contributors. However, it is important to note that they have distinct responsibilities and a unique selection process that sets them apart.
Key Responsibilities of DAO Contributors:
Community Proposals: One of the primary tasks of DAO Contributors is to create and submit proposals aimed at enhancing the functionality and efficiency of the DAO. These proposals can cover a wide range of topics, from new initiatives to improvements in existing processes, ensuring that the community's voice is heard and considered.
Asset Management: DAO Contributors are responsible for adjusting the weighting of assets owned by the DAO. This involves analyzing market trends and making informed decisions to optimize the DAO's asset portfolio, which is crucial for maintaining financial health and stability.
Reporting: Accurate and transparent reporting of DAO activities is another key responsibility. DAO Contributors must ensure that all actions and decisions are documented clearly, allowing for accountability and trust within the community. This transparency helps build confidence among stakeholders and encourages active participation.
Self-Governance: DAO Contributors govern themselves, which means they have the autonomy to make decisions without interference from Project Contributors. This self-governance fosters a sense of ownership and responsibility, as they are accountable for their actions and must maintain high standards of performance.
Arbitration Requests: In the event of disputes, DAO Contributors have the right to request arbitration from Project Contributors. This process ensures that any conflicts are resolved fairly and justly, maintaining harmony within the ecosystem.
Selection and Eligibility:
DAO Contributors are chosen based on their active participation in the Skyren DAO Boost Incentive program. To qualify for this role, users must meet specific criteria, including:
Providing liquidity to the DAO.
Staking Skyren tokens to demonstrate commitment.
Holding a valid Contributor NFT Key, which serves as proof of their eligibility.
This financial structure resembles a proof-of-stake blockchain model, ensuring that only dedicated and incentivized individuals can become DAO Contributors.
Governance and Accountability:
Self-Governance: DAO Contributors exercise self-governance, allowing them to make decisions independently. Project Contributors set up guardrails to ensure fairness and prevent any malicious actions, but they do not interfere in the day-to-day governance.
Arbitration: In cases of disputes or misconduct, Project Contributors step in as arbitrators. They gather evidence, interview DAO Contributors, and assess the situation to determine the facts, ultimately deciding on any necessary actions, including potential termination.
Termination:
If a DAO Contributor is found to be acting in bad faith or causing harm to the ecosystem, their membership can be revoked. This revocation leads to:
The blacklisting of their Contributor NFT Key, preventing future participation.
The forfeiture of all rewards earned as a DAO Contributor, reinforcing the importance of ethical behavior.
DAO Contributors are expected to work collaboratively and strive for beneficial consensus for the Skyren Ecosystem, drawing on their diverse backgrounds and perspectives to enhance the community as a whole.
Project Contributors have the authority to individually validate DAO Contributors to prevent the misuse or "hoarding" of NFT Contributor Keys. No single entity is permitted to possess or benefit from more than one Contributor Key. To prevent malicious actors from circumventing these measures, the specific methods used for validation will not be disclosed. These methods may include, but are not limited to, KYC validation, blockchain analysis, or third-party investigations. Any misuse of Contributor Keys will result in termination.
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