Evaluation of Feasibility
Objective: In the world of DAO governance, it's not just about having a great idea, it's about having a great feasible plan.
Before member think about hitting that 'submit' button on each DAO proposal for voting, there are many key feasibility factors they need to reach consensus with various stakeholder before the submission of each DAO proposal. Let's take the example of Wrapped Space as an ERC20 Token.
Liquidity Rewards Ratio at Uniswap: This is the carrot that's going to attract liquidity providers to the platform. Committee and community need to reach consensus what the incentive will be.
Space Reserve: How much space should be wrapped as a reserve? 0.5%? More? Less? This decision will have a direct impact on the stability and liquidity of the wrapped token at account model chain.
USDT Resources: MVC may have BTC ordinal liquidity, ETH wrapped space liquidity, DEX liquidity, upcoming top-tier CEX's community liquidity, and 3rd party liquidity service charge. Which part should we address and what's the cost-effectiveness behind each DAO proposal? This is a balancing act. Remember, MVC is a start-up project, resources are limited.
Slippage Tolerance: Is DEX liquidity pool less than 100,000 USDT feasible? The slippage tolerance factor should also be addressed and noticed by community, therefore should be included in the proposal.
Governance: Who will hold the keys to the kingdom? Or in this case, who will govern the segment private key of this particular treasury? Are they willing and accepted by the community to hold the private key on behalf of MVCDAO? What is the standard to be recognized as a key segment holder for this particular treasury? It's crucial to reach a consensus with relevant stakeholders and the community before the proposal.
Multi-Sign Wallet: What multi-sign wallet should be used in Ethereum, and why should MVC choose it over other multi-sign wallets?
Transaction Tax Ratio at Uniswap: This is the fee charged on each transaction.
Block Confirmation Time: This affects the speed and efficiency of transactions between ETH & MVC. It's important to reach a consensus with relevant stakeholders on this matter, in this case, MVC-ETH bridge developer.
CEX Acceptance: DAO community should be aware that accepting wrapped space on CEX may involve additional charges. This should be addressed and do research in advance about the cost in the proposal.
Audit and Monitoring: Who will be responsible for auditing and recording the transactions or movements of this particular treasury?
Disclaimer: While MVCDAO is committed to providing the necessary support and resources to implement agreed-upon DAO proposals, it cannot guarantee their success, security after the DAO proposal.
In the end: DAO governance is all about making informed decisions, balancing act and take into account the risk factor together. The success of each proposal depends on a variety of factors, most of which are beyond MVCDAO's control. So, it's essential for the committee to consider the feasibility and completeness factor of each proposal before proposal submission for voting.
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