Governance

How will this be managed?

BSCSWAP Collective employs an experimental and agile governance approach (opens new window) to relentlessly iterate to build a system that will stand the test of time. Initially, the Collective's digital democratic governance model will be governed by token houses.

Token House

Governance of the BSCSWAP Collective began with the launch of the BSCSWAP token and the Token House. BSCSWAP was distributed to hundreds of thousands of addresses that engaged in positive-sum, community-oriented behavior with Airdrop You can read more about the distribution criteria here.

As Token House members, BSCSWAP holders are responsible for submitting, deliberating, and voting on various types of governance proposals. In carrying out these functions, BSCSWAP holders may either vote directly, or delegate their BSCSWAP voting power to an eligible third party.

The Token House votes on these proposal types:

• Governance fund grants

• Protocol upgrades

• Inflation adjustment

• Director removal

• Treasury appropriations

• Rights protection

The BSCSWAP on-chain governance is a process by which the BSCSWAP community members can create and vote on proposals that minimize the cost of blockchain upgrades. The following describes the scope of these proposals for the BSCSWAP on-chain governance:

• Changes to the blockchain parameters, for example, the epoch duration, and the minimum required and maximum allowed validator stake.

• Changes to the core blockchain code.

• Upgrades to the BSCSWAP Framework modules for fixing bugs or for adding or enhancing the BSCSWAP blockchain functionality.

• Deploying new framework modules (at the address 0x1 - 0xa).

If you are thinking about creating a DAO on BSCSWAP, you can refer to BSCSWAP_governance's usage of the voting module as an example. In BSCSWAP_governance, we rely on the voting module to create, vote on, and resolve a proposal.

BSCSWAP_governance::create_proposal calls voting::create_proposal to create a proposal on-chain, when an off-chain AIP acquires sufficient importance.

BSCSWAP_governance::vote calls voting::vote to record the vote on a proposal on-chain;

BSCSWAP_governance::resolve can be called by anyone. It calls voting::resolve to resolve the proposal on-chain