Optim Finance
  • INTRODUCTION
    • Introduction
    • Roadmap
  • OADA
    • Overview
    • OADA 🟣 and sOADA 🟢
    • Flow of Funds
    • User Guides
      • Passive yield with sOADA
      • Epoch Stake Auction
    • AMOs
      • Splash DEX AMO
      • Stake Auction AMO
      • Staking AMO
    • UNHCR Donation Module
      • Automated Yield Donation Protocol
      • NFT Impact Certificate
      • Integration with the OADA Ecosystem
      • Humanitarian Partnership
      • Future Extensions
    • Governance
    • Resources
  • OTOKEN Framework
    • Introduction
      • Key Benefits
      • Who is it for?
      • Inspirations & Applications
    • Framework
      • Key Concepts
      • Use Cases
      • OTOKENs
    • Core Concepts
      • OTOKEN and sOTOKEN
      • Algorithmic Market Operations (AMOs)
      • Balancing Stability, Yield, and Adaptability
    • System Architecture
      • OTOKEN Policy
      • Staking AMO
      • Collateral Management AMO
    • Extensions & Other Modules
      • DEX AMO (Liquidity & Peg Stability)
      • Stake Auction AMO
      • Borrowing & Lending AMOs
      • Other AMOs & Opportunities
    • Multiple OTOKEN Deployments
      • Ecosystem Synergy
      • Not Just Synthetic Assets
    • Vision
      • Key Pillars of the OToken Framework
      • Future Directions & Opportunities
      • An Invitation to Innovate
    • Bug Bounty Program
  • LIQUIDITY BONDS
    • Overview
    • Bond App FAQ
    • Use Cases
      • ISPO Bonds
      • SPO Bonds
    • Bond Architecture
      • Validators
      • High Level Workflow
      • Scripts Technical
      • Transaction Flow
      • Pooled Loans
    • Guides for SPOs
      • Bond Creation
      • Bond Sales
      • SPO Bond Issue Summary
      • Bond Verification
    • Liquidity Bonds Audit
  • OUSD
    • OUSD Reserves
      • Reserve Criteria
        • Stability and Reputation
        • Compliance
        • Smart Contract Security
    • Ongoing Reserves Management
      • Reserve Asset Valuation Calculation
      • Dynamic Reserve Asset Adjustment Metrics
        • Dynamic Reserves Adjustment
    • Yield, Staking, and Flow of Funds
      • Yield Modules
        • OUSD DEX AMO
        • Future Modules (v2)
      • Staking AMO
      • sOUSD Redemption Mechanism
    • Peg Protection
      • Market Depth and Liquidity
    • Governance and Risk Framework
      • Risk Capital Requirements
      • First-Loss Capital Structure
      • Asset Allocation Framework
        • Static Governance Parameters
        • Dynamic Allocation System
    • Financial Engineering Audit
  • Leviathan
    • System Architecture
      • Background
      • Concurrency Limitations
      • Complexity in Transaction and Contract Management
    • Core Concepts
      • Deterministic Transaction
        • Guaranteed Transaction
      • Instant Finality
        • Liveness and Safety
        • Probabilistic Finality vs Instant Finality
      • Account Abstraction
        • Concept of Account Abstraction
        • Technical Implementation
        • Security and Operational Implications
      • Intent Based Transactions
        • The Infrastructure and Process of IBTs
        • Declarative Constraints in IBTs
      • Layer 2
        • Types of Layer 2 Solutions
      • Sequencers
        • Core Functions of Sequencers
        • Role in Layer 2 Rollups
        • Challenges
    • System Components
      • Understanding the System Components
      • Optim-Account (Intents to enable tx chain)
        • User Interaction and Intent Submission
        • Intent Structuring and Authentication
        • Smart Contract Functionalities and Operational Parameters
        • The Necessity of an Account-Based Framework
        • Account Abstraction and Its Role in Leviathan
      • Leviathan Sequencer System (tx chain building)
        • The Role of the Leviathan Sequencer System in Conjunction with The Optim Account
        • Sequencing and Ordering of Transactions
        • The Role of Time in the System
        • The Pragmatic Leviathan: Dealing with Potential Changes
      • The Role of OADA in the Leviathan System
        • Operational Simplification of Staking Mechanisms via OADA Integration
        • Facilitating Time Dilation and Composability
    • Processes
      • Entering Leviathan
      • Transaction Execution
      • Leaving Leviathan
    • High Level Overview
      • System Design
        • Account Abstraction Functionality
        • Guaranteed Transactions
        • Instant Finality
        • Unbreakable Transaction Chaining
        • Layer 2 Execution Environment
        • Future Sequencer Network
      • System Context
        • Limitations of current transactions chaining paradigm
        • Limitations of current inter dApp composability issues
        • Explanation of basic design and non-custodial asset inputs
        • Intent Based Transactions
        • Account Base vs eUTxO model app architecture
      • Theoretical Applications
  • GOVERNANCE
    • Governance Overview
      • Proposal Temp Check
      • Governance Proposal
        • On/Off Chain Mechanics
      • ODAO
    • Tokenomics
      • Categories
      • Vesting
    • Optim DAO Wallets
    • Protocol Profits
  • GUIDES
    • Transaction Chaining
      • Background
      • Overview
      • Pool Transaction Chaining
    • OPTIMiz Conversion
  • ODAO Stack
    • Introduction
    • Design Principles
    • Why Optim DAO Stack?
      • Current Limitations
      • ODAO Solutions
    • Key Features
      • Snapshot Voting
      • Treasury Management
      • Proposal Execution
    • System Architecture
      • Modular Framework
      • On-Chain Logic
      • Off-Chain Operations
      • User Interfaces
    • Core Modules
      • Snapshot Voting Module
      • Treasury Management Module
      • Proposal Execution Module
    • Future Roadmap
      • Potential Future Enhancements
      • Long Term Vision
  • OADA UI
    • Setup
      • Installation
      • Development Workflow
      • Troubleshooting
      • Development Tips
      • Open Source Contributions
      • FAQ
    • Key Functionalities
      • Wallet Integration
      • Dashboard
      • Transaction Management
        • UTxO Management
        • Transaction Creation and Conversion
        • Transaction Monitoring
      • Real-time Updates
        • Portfolio Value Tracking
        • Transaction Status Monitoring
    • OADA Smart Contract API
      • Minting OADA
      • Staking OADA
      • Unstaking sOADA
      • Epoch Stake Auction
        • Bid Calculation Functions
        • Auction Actions
        • Bid Form Component
        • Auction Dashboard
    • Tutorials
      • Environment Setup and Installation
      • Understanding the Project Structure
      • Basic Configuration and Customization
      • Working with Components
      • State Management and Data Flow
      • Wallet Integration and State Management
      • Smart Contract Integration
      • Advanced UI Customization
      • Testing and Quality Assurance
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On this page
  • Tricameral System: The Future of ODAO Governance
  • DAO Council Members: Steering the Ship
  • DAO Citizens: The Heartbeat of ODAO
  • DAO Court: The Arbiters of Fairness
  • Governance Tokens
  1. GOVERNANCE
  2. Governance Overview

ODAO

Tricameral System: The Future of ODAO Governance

As Optim continues to grow in 2024 and beyond with new products and primitives, we aim to innovate and improve the ODAO to match our upward trajectory. Protocol innovation and expansion will require a DAO that is equally robust and efficient. With this in mind, we’ll be transitioning the ODAO to a tricameral system. The summary provided below is a high level overview meant to give the community an idea of the direction the ODAO is headed. As we progress towards this goal we’ll further detail, amend, and refine the tricameral system with the community before ratification. ODAO, in the future, will operate on a unique and powerful governance model, a tricameral system. While common in the evolved governance systems of nations, there are few DAO implementations. At its core, this system comprises two essential components: DAO Council Members, DAO Citizens, and the DAO Court.

DAO Council Members: Steering the Ship

At the helm of ODAO's governance are the DAO Council Members, a group of 13 individuals entrusted with the responsibility of ensuring the growth and sustainability of Optim DAO and its associated products. They also manage the treasury, making strategic decisions to optimize resource allocation.

What sets this council apart is its dynamic nature. During our preliminary tests of this model, four initial members, namely Marco, Idrec, JWolfish, and Joynul, have already taken their seats. However, the power to propose and enact changes lies in the hands of the entire council, with decisions requiring more than 50% approval. Token allocation for these council members is a blend of individual and collective shares, encouraging active participation and collaboration.

DAO Citizens: The Heartbeat of ODAO

DAO Citizens form the progressive community within ODAO, wielding considerable influence through their proposal veto power. These members have the opportunity for upward mobility within the organization, securing contracts and advancing through ranks. The ability to form agreements with the council and other stakeholders empowers citizens to shape the future of Optim DAO.

ODAO's structure ensures that each $O token holder becomes a citizen, with proportional representation based on their holdings. The power of the citizens extends to the ability to forcefully remove or install council members through an 80% majority vote, promoting a truly democratic environment.

DAO Court: The Arbiters of Fairness

The Court exists to ensure that the ecosystem as a whole's stance is aligned with the rest of the ODAO. As an observer of order, an impartial creator and executioner of law. They are to ensure that the dealings are just and the members treated fairly. This role will be filled by prominent and trusted members of the community and a well defined mediation process will be established at inception to ensure all conflicts are resolved in a positive and inclusive manner.

Governance Tokens

In order to better align the long term incentives of token holders, the Tricameral System will also transition power into the hands of $O 80/20 DEX pool LP tokens in 2024. This innovative dynamic will ensure that the liquidity providers in the ecosystem, who inherently provide the greatest support for the project, are accordingly rewarded with the most governance power.

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Last updated 3 months ago