Treasure operates as a decentralized autonomous organization (DAO) governed by staked MAGIC holders who dictate the future of the ecosystem.
Where to go to discuss new proposals and review formalized Treasure Improvement Proposals (TIPs).
Where to go to vote on proposals for implementation by the DAO.
Treasure DAO Improvement Proposals (“TIP”) can be submitted via our Treasure DAO Governance Forum to gauge interest and spark healthy conversation. Discussion can be continued in our dedicated channel in our Discord entitled #governance-chat
.
If positive feedback is reached during the initial temperature check phase and sufficient community engagement has been achieved, proposals are moved to formal Snapshot voting which will ratify proposals for implementation by the DAO.
Typically, voting lasts 24-48 hours but may be longer depending on the proposal.
Only holders of gMAGIC are granted voting power to vote in the Snapshot phase.
Governance MAGIC (or “gMAGIC”) introduces concepts from the veCRV model where governance rights are weighted towards community members who commit and support the longer term success of the DAO.
gMAGIC is derived from the following:
gMAGIC automatically adjusts for new positions in each of the above methods. gMAGIC is calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount) which governs your voting power during the Snapshot phase.
Liquid MAGIC (e.g. unstaked or uncommited MAGIC) does NOT count towards governance.
To participate in voting, you’ll need to connect your wallet to our Snapshot and your gMAGIC holdings will automatically appear. You must be connected to the Arbitrum network.
The TIP will be ratified when quorum is reached with a greater than or equal to 75% vote ‘FOR’ in the Snapshot vote.
Please refer to the multisigs
repository on the Treasure GitHub for an up-to-date list of all DAO-owned multisigs: https://github.com/TreasureProject/public-resources
As part of TIP-26, the Treasure council has committed to providing the TreasureDAO community with quarterly reports that cover the state of DAO operations and financials while also providing greater visibility into high-level roadmap and key initiatives that the core contributor team are undertaking.
Reports will be published on a recurring basis within forty-five (45) days after the end of each quarter. In these reports, the following details will be provided:
For all reports published to-date, see here.
Treasure operates as a decentralized autonomous organization (DAO) governed by staked MAGIC holders who dictate the future of the ecosystem.
Where to go to discuss new proposals and review formalized Treasure Improvement Proposals (TIPs).
Where to go to vote on proposals for implementation by the DAO.
Treasure DAO Improvement Proposals (“TIP”) can be submitted via our Treasure DAO Governance Forum to gauge interest and spark healthy conversation. Discussion can be continued in our dedicated channel in our Discord entitled #governance-chat
.
If positive feedback is reached during the initial temperature check phase and sufficient community engagement has been achieved, proposals are moved to formal Snapshot voting which will ratify proposals for implementation by the DAO.
Typically, voting lasts 24-48 hours but may be longer depending on the proposal.
Only holders of gMAGIC are granted voting power to vote in the Snapshot phase.
Governance MAGIC (or “gMAGIC”) introduces concepts from the veCRV model where governance rights are weighted towards community members who commit and support the longer term success of the DAO.
gMAGIC is derived from the following:
gMAGIC automatically adjusts for new positions in each of the above methods. gMAGIC is calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount) which governs your voting power during the Snapshot phase.
Liquid MAGIC (e.g. unstaked or uncommited MAGIC) does NOT count towards governance.
To participate in voting, you’ll need to connect your wallet to our Snapshot and your gMAGIC holdings will automatically appear. You must be connected to the Arbitrum network.
The TIP will be ratified when quorum is reached with a greater than or equal to 75% vote ‘FOR’ in the Snapshot vote.
Please refer to the multisigs
repository on the Treasure GitHub for an up-to-date list of all DAO-owned multisigs: https://github.com/TreasureProject/public-resources
As part of TIP-26, the Treasure council has committed to providing the TreasureDAO community with quarterly reports that cover the state of DAO operations and financials while also providing greater visibility into high-level roadmap and key initiatives that the core contributor team are undertaking.
Reports will be published on a recurring basis within forty-five (45) days after the end of each quarter. In these reports, the following details will be provided:
For all reports published to-date, see here.