Governance Overview
Born out of our steadfast belief in Cardano and DeFi, the Optim Protocol and Optim DAO stand as a testament to our vision of financial inclusion and innovation. To this end, we endeavor to create structures that foster an efficient, equitable, and well-functioning decentralized organization.
Optim governance is intended to be an ever-evolving entity, continuously progressing towards a more efficient decentralized future. At first, the Optim DAO (ODAO) will function similarly to many other DAOs on Cardano. However, as the protocol progresses the ODAO will adapt and enact more evolved governance mechanisms and structures.
The initial ODAO structure is straightforward. OPTIM token holders directly vote on proposals to be enacted by the Optim Core Team. A brief overview of the process by which these proposals are created and brought to a formal vote is outlined below. More detail can be found in other sections.
Optim governance consists of two distinct phases:
- 1.Proposal Temp Check This initial step for posting proposals is to get a 'temperature check' and either refine and revote, decline, or move to a formal governance proposal. The purpose is to gauge interest, gather feedback, and have discussions before progression.
- 2.Formal Governance Proposals This is where formal governance proposals are voted on after passing a 'temp check' on the ODAO Repository. These proposals can be found on our governance portal: https://dao.optim.finance While posted off-chain, formal governance proposals are voted on and inscribed with on-chain data. A OPTIM token snapshot is taken with votes and results cryptographically verifiable and immutable.
Last modified 8d ago