StaFi DAO Phase0 Launch
StaFi DAO Governance Phase0
During Phase0, StaFi DAO has made significant progress in its decentralization efforts, particularly in the areas of community-driven proposal submission and voting. The main objective is to promote transparency within the community by providing updates on the current state of the DAO Treasury and rToken revenue. To ensure the safety of DAO assets, various security measures, including multi-signature authentication, will be implemented.
Submit and Vote Proposal in DAO
In Phase0, direct on-chain governance is not yet available. There is an ongoing discussion regarding whether governance should be conducted on the StaFi Chain or on Ethereum. Voting in Phase0 primarily takes place on OpenSquare, which is similar to the snapshot feature in the EVM ecosystem.
The proposal initiation process is open to the entire community, while certain parameters are set for voting to ensure security and prevent abuse. However, voting remains open to the entire community.
For more specific details, please refer to the following resources:
- Proposal and voting guide: https://dao.stafi.io/t/submit-vote-proposals-in-stafi-dao/122
- OpenSquare: https://voting.opensquare.io/space/stafi
Community and Inflation Treasure Transparency and Security
During Phase0, we have released details of the community aspect of the DAO Treasury, which includes both the Inflation Treasury and the Community Treasury allocated from the Genesis Sumup. All FIS tokens have been unlocked and are currently in circulation. The following addresses provide information on the treasury contents:
The usage and revenue status of the community and inflation treasury will be synchronized in monthly financial reports.
To enhance the security of DAO assets, we have planned to implement multi-signature (multisig) wallets and guardians. These measures have been thoroughly discussed and integrated into th the DAO governance framework.
New Website
Phase0 has also introduced a new website for the DAO, providing users with access to real-time data on the treasury and various resources related to DAO governance.
Future Work
Governance is an ongoing and evolving process that requires continuous improvement. In Phase0, we aim to facilitate experimentation while giving agency to community initiatives.
Future work may include the implementation of on-chain governance, exploring governance frameworks on Ethereum, potential FIS token redesign, and further enhancing transparency and security. These areas require additional research and discussion to make informed decisions and improvements to the StaFi DAO governance framework.
About StaFi
StaFi protocol is the first liquid staking protocol for multiple POS blockchains. StaFi aims to solve the contradiction between Mainnet security and token liquidity in PoS consensus.
Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. rToken is a synthetic staking derivative issued by StaFi to users when users stake PoS tokens through StaFi rToken App . rTokens are anchored to the PoS tokens staked by users and the corresponding staking rewards. rTokens can be transferred and traded at any time.
To date, the platform has released up to 10 various liquid staking solutions including rETH (StaFi Staked ETH), rMATIC, rBNB, rATOM, among others.
