GGP 1

Implement the Goldilocks DAO Governance Charter

Summary

The Goldilocks DAO Governance Charter will introduce the framework for the governance structure on how the DAO will operate to ensure it remains in line with decentralization.

The charter provides clear guidance to the Goldilocks community when it comes to introducing changes or ideas to Goldilocks DAO and the process for presenting new proposals for community voting.

Goldilocks DAO will appoint a Strategy Consultant to act as the principal executive officer and an Operational Lead to oversee the organisation's technological direction, who will be the Goldilocks Core Contributor Team known as “The 2 Beras”.

Abstract

To remain decentralized Goldilocks will need to implement a governance framework for LOCKS or staked LOCKS holders and this model, as used by Uniswap, has proven to be successful in the management of suggestions and proposals of change.

Specification

What is the Goldilocks DAO Governance Charter?

The Goldilocks DAO Governance Charter will set out the framework on how Goldilocks DAO will operate on a decentralized governance model, where LOCKS token holders including staked LOCKS have the primary decision-making power through a structured proposal and voting system.

The initial governance will be bootstrapped by a community-elected multisig group to ensure operational stability.

Who are “The 2 Beras”?

Goldilocks DAO will appoint a Strategy Consultant (SC) and an Operational Lead (OL), who together will play a critical role in overseeing the day-to-day operations of the DAO. setting the overall direction and priorities ensuring its success and profitability, whilst ensuring that they are following the Code of Conduct and modelling behaviours set out in the Goldilocks Values as set out in the Goldilocks DAO Governance Charter.

The SC will act as the principal executive officer of Goldilocks DAO, responsible for the overall management, direction, and operation of the business in accordance with the strategic plan and policies and proposals approved by the Goldilocks community.

The nominated person to perform the role of SC will be Ampnoob, who already plays an active and critical role in the development and management of Goldilocks DAO.

The OL will oversee the organisation's technological direction, including its information technology (IT) strategy, innovation, and development of new technologies, aligning them with the company's strategic goals and operational needs.

The nominated person to perform the role of OL will be Geeb, who already plays an active and critical role in the development and management of Goldilocks DAO.

The SC and OL general responsibilities and scope of work are outlined in the below document:

Goldilocks Core Contributor Team

Delegated Approvals

The 2 Beras (SC and OL) will be given roles based authority for spend limits within their scope including standard operating costs up to the amount of $420,000 USD per year from the Treasury.

The SC will be able to make recommendations to the multisig regarding use of token emissions for LP incentives and bonds.

The SC will be able to make recommendations in line with the porridge emissions schedule and if transactions are requested that deviates from the schedule, the SC will need to seek approval from the Community.

Mutlisig Structure

The Multisig Signatories (MS) will initially be 7 pre-selected members who will serve a 6-month Epoch. The MS will have the authority to execute transactions from the Treasury Multisig Wallet within their scope including all approved operational transactions and Goldilocks Governance Proposals (GGPs).

Constraints will be placed on the MS delegations to ensure they are not able to move and execute transactions more than 10% of the treasury value in a month without approval via the relevant governance proposals.

The initial MS group consists of Ampnoob, 0xGeeb, Lezbrahh, ServiceDAO, Jani (THJ), Raito (Infrared) and Beartic (Kodiak).

Goldilocks Governance Proposals (GGPs)

GGPs are intended to be the primary vehicle for proposing new features, collecting community feedback on large scale issues and for the documentation of all changes made to Goldilocks. The governance process is completed in 2 separate phases to ensure any legitimate proposals have met the minimum criteria set and have the support of the Goldilocks community before being put forward for voting.

All LOCKS holders have their voting rights for participating in Goldilocks governance via LLOCKS or staked LOCKS.

Epoch & Remuneration

The SC and OL follow a 12-month Epoch length, and will each be compensated with 10,000 $USD per month payable at the end of each month in token amounts equal to this.