Process for Financial Proposals and/or Other Proposals

Public deliberation phase: A post with the draft of the proposal is posted in the Secret Energy Foundation Discord for a minimum of 7 days and a maximum of 14 days with the format:

  1. Title of Proposal (in the format “Financial Proposal:[title]”)

  2. Description of the Action

  3. Description of why the author believes it will help to increase the number of Active Create DAO members.

By default, all Financial Proposals involving a deliverable should use an Escrow (see Additional Definitions). In cases where the use of an Escrow is omitted, a justification must be included in the Description. Greet.me shall be the default Escrow provider for Financial Proposals.

  1. And suggested optional: ETH Wallet address of the author(s) and/or other identifiers

Voting: the proposal (or a revised version of the proposal incorporating the community’s feedback) is posted for a vote on Secret Energy Foundation Voice.

  • For calculating voting power, 1 WOL NFT = 1 Vote.

Approval: a proposal is deemed approved and scheduled for execution if the following conditions are reached:

  • Quorum: a specified minimum will be determined to vote.

  • Support: The vote shall be deemed as “passed” with a simple majority (>50%) of the participating WOL NFT Holders having voted in favor.

  • When a proposal includes a code submission, the Tech Committee has up to 14 days to decide and communicate via a post in Secret Energy Foundation Discord whether a proposal will be:

a) Accepted and incorporated.

b) Submitted to a 3rd party audit to determine its safety (conditional on the Operations Vault having the necessary funds).

c) Rejected as malicious, technically infeasible, or economically infeasible (if an audit is required and the Operations Vault lacks the necessary funds to cover the costs of the audit).

Process for Elections in sequential order

Public deliberation phase: A post with the draft of the proposal is posted in the Secret Energy Foundation Discord for a minimum of 10 days and a maximum of 30 days with the format:

  • Title of Proposal (in the format “Election:[title]”)

  • Description of the Action (including what permissions will be given/removed for which DAO/Sub-DAO)

  • In the event of the election being proposed before the stipulated in the agreements of the Sub-DAO, add a description of why an advanced election is needed

  • And suggested optional: ETH Wallet address of the author(s) and/or other identifiers.

Sourcing Candidates: Candidates can be proposed (and/or propose themselves) by replying to the Forum post (only one candidate per post reply) in the following format:

  • Identifier: their ETH wallet address (and optional their name, discord handle, twitter handle, and other identifiers)

  • Rationale: description of why they are an ideal candidate for the position

Voting: top 10 candidates with the highest number of upvotes in the Secret Energy Foundation Discord will be put forward to a vote using Snapshot or SuperDAO.

  • In the event of the election being proposed before the frequency stipulated in the operating agreement of the Sub-DAO (if any), the vote must also include the option to keep the current permissions even if the current wallets were not amongst the top 10 candidates.

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