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 strategies.
liquidity support for partner projects.
grants or milestone rewards to development teams and R&D centers (to build BitDAO products, or support partner products).
grants to blockchain technology projects, education programs, or other blockchain public goods.
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.