Governance Overview
Every BIT Counts
BitDAO is owned and governed by BIT token holders. Our initial policy is for the following actions to be executed only after a successful proposal and vote:
- token swaps with existing and emerging projects.
- treasury allocation into various projects or autonomous entities (in the form of funding, liquidity support, and grants)
- updates to BitDAO core protocols (including governance and treasury management functions).
We imagine that these policies will change overtime after discussions with the BitDAO community.
In Phase 1 BitDAO will utilize the industry standard setup of Gnosis Safe, Gnosis Snapshot off-chain governance, and multi-sig administrators.
In Phase 2 BitDAO will look to build a custom governance module, most likely referencing on-chain upgradable solutions such as Compound Governor Bravo.
Last modified 2mo ago
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