GoodDollar community learns about V2, GoodDAO governance on inaugural call
Members of the GoodDollar community learned first-hand about important new governance proposals and had an in-depth look at the new features of GoodDollar V2 at last week’s inaugural community call.
V2 offers expanded functionality and an intuitive user interface. With V2, any GoodDollar member can now stake capital in support of the UBI mission and/or buy and sell G$ directly in the GoodDollar Reserve, a key feature enabling the economy to scale.
Protocol Community Lead Gustavo Segovia ran through a live demo of GoodSwap, a community app through which members can stake or swap G$ as well as to make daily UBI claims.
He also outlined a proposed structure for making and approving ideas for change under GoodDollar’s new governance model, led by the community-owned GoodDAO.
According to the proposal, each GoodDollar Improvement Proposal (GIP) must be consistent with the core goal of creating a protocol capable of generating, financing, sustaining and distributing a global crypto basic income in the form of the G$ token.
If the draft rules are approved, each GIP will have to go through six stages before implementation:
- Stage I — Track: The proposer selects the appropriate category or “track” for a given proposal. The different tracks are as follows:
o Protocol: Changes to the protocol code/functionalities.
o Finance: Fund transfers from the GoodDAO community vault.
o Meta: Governance changes (i.e. changing the way things are changed).
o Proclamations: Proposed announcements on behalf of the GoodDAO.
- Stage II — Pre-proposal: The proposer seeks feedback from community members.
- Stage III — Work in Progress: The proposer creates a draft proposal that factors in feedback from Stage II and posts it in the Governance Forum.
- Stage IV — Final Proposal: The proposer writes a final version of the proposal that factors in feedback and ideas offered by the community during consideration of the draft proposal, where appropriate.
- Stage V — Snapshot Vote: The proposer can use this to gauge support for a proposal.
- Stage VI: On-chain vote: When applicable, the proposer seeks a final up-and-down on the proposal. The following conditions apply:
o The proposer must hold (or have delegated to him/her/them) 0.25% of available GOOD tokens in order to make a proposal.
o To proceed, at least 3% of the total supply of GOOD must be part of the vote.
o To pass, the proposal must win a majority (50%+) of votes.
To read and/or the full GIP-0, go to the GoodDollar governance forum.
You can vote NOW (votes end on Feb 3, 2022, 6:57 PM CET) on our GoodDAO Snapshot GIP-0 proposal.
> How to vote? You just need to have your Metamask connected using the account where you hold your GOOD tokens and be sure it’s connected to the snapshot web app when you click to the link above.
The final agenda item concerned the Community Steward Treasury, a transparent on-chain vault storing sponsor donations to the GoodDollar cause. While the GoodDAO will channel proposals for use of these funds, it does not have direct ownership. Volunteers seeking to become treasury stewards should access this forum post and supply the below information for consideration by the community:
- Their name and country of residence
- The date they joined the GoodDollar Community
- Details of ways they have supported GoodDollar and its wider aims.
