Your Complete Guide to the UNO Governance DAO

As a decentralized insurance provider, it has always been part of Uno Re’s long-term roadmap as a protocol to transition into a fully self-sustaining DAO. As we take the first few steps towards this, here’s a guide on the three main components of the UNO DAO ecosystem:

1. Governance Forum
2. Governance Staking Portal
3. Snapshot

What is the UnoRe DAO Governance Forum?

We, as a decentralized insurance provider, offer various security and insurance services to the different actors in the crypto space.

As all our decisions regarding development, marketing, and other areas have an impact on our community, we strive to create an infrastructure that allows our community to directly influence the decisions taken at UnoRe.

To achieve this, we have launched our governance forum, through which our community now has the opportunity to submit proposals that actively shape the direction of UnoRe’s development.

Our governance forum allows you, as a community member, to share new proposals and vote on proposals that have passed the snapshot stage and shape the future of UnoRe directly with your involvement.

How to submit a proposal on the UnoRe Governance Forum:

You can submit a proposal on UnoRe Governance Forum by following the steps below:

• Go to https://forum.unore.io/ and click “Sign-Up” button in the top right corner of your screen.

• Create an account with your mail or sign-in with your Google account.

• To start a new topic, click on the “New Topic” button. Then fill out all of the necessary fields for creating a post — including choosing an appropriate title and category — before posting it on the governance forum.

Things to consider before creating a proposal:

Before creating a topic on the UnoRe governance forum, consider perusing each category to ensure you select the most apt one to categorise your proposal under.

Once you have chosen a topic for your proposal, craft a concise title that clearly conveys the proposal’s essence.

Next, provide a comprehensive description that outlines the potential impact of your proposal on UnoRe’s future and the benefits it can offer $UNO holders.

Additionally, you can include a thorough analysis of potential positive and negative outcomes, as well as the costs associated with implementing the proposal.

How to vote on proposals that pass onto Snapshot:

Once a proposal has transitioned from the proposal stage to the snapshot stage, it becomes eligible for voting by members of the UnoRe DAO community.

The snapshot stage is the last step before a proposal becomes active and starts receiving votes from the UnoRe DAO community members. During this period, you can vote for or against a proposal by sending your votes through our governance portal.

Here are the steps to follow if you want to cast your vote for or against a proposal during the snapshot stage:

• Visit the UnoRe governance portal (unore.io/governance) and connect your wallet.
• In order to participate in the snapshot votes you will need $veUNO
• Stake your $UNO, to get $veUNO (which represents your voting power)

Note:

Users will only qualify to vote if they have staked their $UNO before each voting session begins and a proposal is open for vote; users who staked after shall not be allowed to cast votes on that particular proposal.

How to stake your $UNO to get $veUNO?

Go to app.unore.io/governance

Connect your wallet

Stake your $UNO to get $veUNO after signing the transaction.

• Go to snapshot.org

• Search for ‘’UnoRe’’ and click on ‘’Join’’

• Connect wallet

• Review the active snapshots.

• Review the proposal carefully, keeping in mind it will affect the future of UnoRe and select your desired voting option (for, against, or abstain) and input the number of tokens you would like to use to cast your vote.
• Double-check your vote and $veUNO token amount to ensure accuracy.
• Submit your vote and wait for it to be confirmed and recorded on the blockchain.

It is important to note that the number of tokens you use to vote will directly impact the weight of your vote. The more tokens you use, the more weight your vote carries. Additionally, once you have submitted your vote, it cannot be changed or revoked, so be sure to review all relevant information and details before casting your vote.

*Read the ‘’How is the $veUNO calculated?’’ section to understand voting power.

• Sign the transaction

• Congratulations on casting your vote! Your vote will help shape UnoRe’s future.

How is $veUNO calculated?

At UnoRe, we believe that those who are deeply invested and passionate about our vision are the ones who should have a greater say in shaping the future of our protocol. This is why we have implemented a system using $ve tokens, a commonly used governance standard for DAOs.

The $ve tokens work on the basis that the more $UNO you have staked, or the longer you have staked for, the greater your voting power will be. By implementing this system, we are ensuring that those who are most committed to the success of UnoRe have a stronger voice in the decision-making process.

Ultimately, this approach will result in better outcomes for both the future of UnoRe and our community as a whole. We believe that by giving our most invested members greater power, we can collectively drive the growth and success of UnoRe.

Example scenarios:

2000 $UNO locked for one year = 500 $veUNO

1000 $UNO locked for two years = 500 $veUNO

500 $UNO locked for four years = 500 $veUNO

As you see the number of $UNO tokens you stake and the duration you staked for will directly affect your voting power.

Staking yields for $veUNO

Following in the footsteps of other DAOs like FRAX, StakeDAO, and Convex, we too will offer yields for $ve tokens, rewarding our dedicated community with a share of the revenue generated by our protocol.

With this approach, the UnoRe community now gains the opportunity to directly influence the future direction of UnoRe through their voting power, all while earning yields on their $veUNO tokens.

By locking $UNO tokens for extended periods, members will accumulate more $veUNO tokens. This incentivizes our community to make decisions with a long-term perspective in mind, as it proves advantageous for them both ethically and financially.

Initially, we anticipate APRs range between 15% to 30%, given current metrics., subject to future adjustments.

Upon activation of staking, we’ll promptly provide the link here.

Conclusion

The UnoRe DAO Governance forum is a crucial component in our journey towards becoming a fully decentralized DeFi insurer. Our ultimate goal is to leverage the power of blockchain to revolutionize the insurance market and provide a safe and secure crypto experience for all users.

We recognize that achieving this goal requires collaboration and support from our community. By working together and embracing decentralized governance, we can create a more transparent, efficient, and equitable insurance system that benefits everyone.

We are deeply grateful for the unwavering support and assistance that our community has provided thus far. Together, we can build a brighter future for the insurance industry and the wider DeFi ecosystem.

About UnoRe

Uno Re is building a fully secure decentralized insurance ecosystem to serve our institutional and individual clients. Despite daily heavy losses incurred by DeFi exploits, our clients can rest easy with our customizable, affordable, and convenient coverage.

Our insurance platform has sold more than $10 million in coverage across various crypto protocols and has more than $4.4 million in an active on-chain capacity, with risk underwritten for over 85 different protocols and six stablecoins on our B2C Insurance Sales dApp — The Cover Portal.