Search…
Overview
A DAO (Decentralized Autonomous Organization) is an organization represented by rules encoded as a transparent computer program, controlled by the organization members, and not influenced by a central governing entity. As the rules are embedded into the code, no managers are needed, thus removing any bureaucracy or hierarchy hurdles.
Onomy will be governed by the Onomy DAO, providing NOM holders with the opportunity to guide the decision-making process through NOM-weighed votes. Features of governance include:
  • Proposal submission: Users can submit proposals with a deposit. Once the minimum deposit is reached, proposal enters voting period
  • Vote: Participants can vote on proposals that reached MinDeposit
  • Inheritance and penalties: Delegators inherit their validator's vote if they don't vote themselves.
  • Claiming deposit: Users that deposited on proposals can recover their deposits if the proposal was accepted OR if the proposal never entered voting period.
  • Treasury Management: NOM Holders vote on usage of Onomy Protocol's treasury of funds.

Contents

Copy link
Edit on GitHub
Contents
Contents