Governance
Forum: Where to go to discuss new proposals and review formalized YIPs
Snapshot: Where to go to vote on proposals for implementations by the DAO
Process
Submit Yolee DAO Improvement Proposals (YIP) via our Yolee DAO forum to gauge interest and spark healthy conversation - discussion which can be continued in our new dedicated Discord channels for "YIPs" and "Governance."
If quorum and sufficient engagement are achieved, move to formal Snapshot voting which will ratify proposals for implementation by the DAO.
Typically, voting lasts 24-48 hours.
video from the fine folks at Loom as a perfect example of a succinct feature overview.
Who is allowed to vote?
Only YUS holders (those staked in the Atlas Mine) and those with $YUS-WETH SLP in the Arbitrum LP Rewards contract are eligible to vote with YUS. The longer the vest on your YUS, the higher the weight of your vote.
YUS
Governance $YUS introduces concepts from the veYUS model where governance rights are weighted towards community members who commit and provide to the longer-term success of the DAO. As follow:
Only staked $YUS or $YUS-WETH LP within the Polygon LP Rewards contract will count for voting - liquid $YUS (eg. unstaked or uncommitted $YUS) will NOT count for governance.
YUS derived from the Atlas Mine is weighted based on timelock - the longer the lock, the higher the weight.
YUS automatically adjusts for new positions in the Atlas Mine and SLP rewards contract.
Snapshot Voting
Snapshot voting will be based on your $YUS holdings on Polygon only.
If you're already staked in the Atlas Mine or you have SLP within the LP Rewards contract, you do NOT need to do anything.
To participate in voting, you'll need to connect your wallet to our Snapshot page (to be shared at later date) and your YUS holdings will automatically appear. You must be connected to the Polygon network.
We look forward to building YoleeUniverse together with the community!
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