Galxe DAO Governance Process

Galxe DAO is controlled by GAL holders. GAL holders have the ability to control the amount of the Platform Fee collected by the protocol, and control funds held by the Galxe Community Treasury. All proposals need to go through a three-step process described below. In order for a proposal to pass, it must have over 50% passing votes with endorsement from wallet addresses holding at least 2,000,000 GAL, with delegation allowed. When a proposal is passed, the changes will be implemented by Galxe’s operation team and signed by the multi-sig, if necessary.

Proposal

All proposals need to go through the following process:

Phase 1: Proposal Temperature Check - Discourse

The purpose of the Temperature Check is to determine if there is sufficient will to make changes to the status quo. To create a Temperature Check for your Proposal, follow the Proposal Template and post on the DAO Governance category.

Proposal Template:

  • Abstract
  • Motivation
  • Specification
    Overview
    Scope
    Success Criteria
    Timeline/Budget
    References

The temperature check must be held for a period of at least 5 days. If feedback is sufficient, the proposal can move to Phase 2.

Phase 2: Vote Proposal — Snapshot

Once your proposal has passed the temperature check, you can work with the operation team to schedule a snapshot vote. The snapshot vote will last for 5 days. In order for a proposal to pass, the GP must have:

  1. Over 50% passing votes
  2. Endorsement from wallet addresses holding at least 2,000,000 GAL
  3. If the proposal is asking for funds less than $50,000 or does not implement significant change to the token/contract, the quorum for the vote is 200,000 GAL

Delegation is allowed through this link.

Implementation

When a proposal is passed, the changes will be implemented by Galxe’s operation team and signed by the multi-sig, if necessary.

Multi-signature Signers

The multi-signature wallet signers will be voted in by GAL holders after token generation event. They are also subject to change from future governance votes.

1844 Likes

Got it. Great Project Galaxy DAO.

323 Likes

nice to DAO for GAL holders
add Discord account connection for this form plz

191 Likes

Got it. Great Project Galaxy DAO.

110 Likes

That’s very good sir :boom::boom::boom::boom:

74 Likes

Looks cool. A rigorous planning of the proposal process. Maybe we can add a quorum to the voting process? Don’t want to see whales deciding this. Otherwise this is unhealthy governance.

70 Likes

got it. let’s build galaxy together.

59 Likes

Looking forward to the future development of the Galaxy project

59 Likes

got it, let’s buld the galaxy together

50 Likes

how many votes needed for proposal to get approve from phase 1? :thinking:

43 Likes

Very supportive, hope to come soon

34 Likes

I very much look forward to the Galaxy DAO

33 Likes

To the moon!!galaxy~

36 Likes

Dao is the future, Galaxy has a strong community and will become a great project. Bitcoin has become history, galaxy is the future!!
!!! L F G !!!

37 Likes

Looking forward to Galaxy DAO

33 Likes

Looking forward to Project GALAXY DAO.

28 Likes

I like Galaxy and look forward to every step in the future :grinning:

26 Likes

This project is amazing and i believe it will be in the best projects

29 Likes

this is nice surport and may be good to everyone

26 Likes