Governance

SiloDAO uses a multi-stage governance process that allows proposals to be discussed, temperature checked, and then enacted.

Forum

The governance forum allows $SILO holders to propose changes to modifiable parameters and deployment of treasury assets.

The forum simply allows topics to be discussed and is not binding.

Snapshot Proposal

Snapshot allows $SILO holders to vote on proposals that have successfully passed the forum stage.

Proposals relating to tokens controlled by the Development Multi-Sig may be enacted directly. Other proposals, including those relating to tokens controlled by the SiloDAO or modifiable parameters, must pass also pass an on-chain vote.

Requirements

Proposal Threshold: 100k $SILO to create Snapshot proposal Voting Period: 3 days Quorum: 10m $SILO to participate

On-Chain Proposal

$SILO holders must have delegated their voting power to themselves or another holder for their votes to be counted. Refer here to see the delegation process.

On-chain proposals (via Tally) allow $SILO delegates to vote on proposals relating to tokens controlled by the SiloDAO or modifiable parameters of the Silo Protocol.

If passed, on-chain proposals will be enacted automatically after a 2 day voting delay.

Requirements

Proposal Threshold: 100K $SILO is needed to create a proposal Voting Period: 3 days Voting Delay: 2 days Quorum: 10M $SILO has to participate