Validator DAO Charter Ratification

Summary : This proposal is to ratify the Validator DAO Charter.

Background : The Harmony Validator DAO is a Decentralized Autonomous Organization that represents both Harmony Validators and Delegators.

Motivation : To provide official rules and governance by the community for the Validator DAO

Specification : Please click on this link to review the proposed charter: Harmony Validator DAO Charter

Suggested voting options : yes or no for ratification.

9 Likes

Hey Jimbo,

Thanks for the charter, my only concern was with this line:

All amendments to the charter require all members of the Validator DAO to agree to an amendment prior to submitting the amendment proposal to a vote.

The concern is that with a group of 9 individuals it is likely that one person may disagree. What contingency is there if one person just brings the DAO to a halt like that?

4 Likes

So this is a change to the charter itself just like a constitutional amendment, it requires a greater weight of support to change the charter. This won’t affect day to day business or normal proposals, just sweeping organizational changes or hard forks to the DAO so to speak.

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In the case that there is one person that disagrees with the ratification, how would the governors proceed? (Your charter is beautiful. Very curious as to how you see the best solution; it would be good to bring the wisdom over to the Community DAO and other start-up DAOs)

1 Like

So we’ve voted internally many times on this document which lead to revisions and the final product. It’s good to have those disagreements and discussions. Everyone will have their own views and ideas of what right looks like. Have those who disagree qualify the disagreements with recommendations for changes. Debate those recommendations and develop something that fits your DAO’s unique requirements. Best advice I can give based on what it took for us to get this far.

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The unanimous consent for amendments was the only thing that really stood out to me as well. It allows for a potential one person veto.

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See this response:

The compensation section may need to be refined further. What are the treasury budget info or guideline for increase of compensation level? It may be too easy for all to keep increasing raises and steal from treasury. I am thinking there should be something similiar to how US property (asset) taxes are assessed. Maybe compensation level should be based on Harmony $ONE market price.

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The currently serving DAO is not funded and has not put a budget together. Understanding that we don’t know what the future budget will be nor the price of one for that matter, we opted to make each elected DAO build a compensation plan that works for the currently serving DAO which must be ratified by the community.

I agree with this one, better would be to make it so that there need to be a majority voted between all member of the DAO, that’s why there will always need to be an odd number of members…!
There will always be a decision, voting need to be yes or no.

The only time that requires a unanimous vote is to amend the charter.
All other DAO proposals and initiatives fall under these rules:

a. Major DAO initiatives
Major Initiatives that require coding changes require a majority of the Validator DAO to agree to the proposal prior to submitting it to talk.harmony.one for a Harmony Improvement Proposal (HIP). The HIP proposals will be broadcast on all channels for no less than 7 days prior to submitting the proposal to a vote on https://gov.harmony.one/#/dao-mainnet . To pass the HIP proposals requiring a coding change it will require a 51 percent of the stake weight participating and 67% in agreement.
b. Simple Initiatives without Coding  
Simple initiatives not requiring a coding change but requiring a use of Validator DAO funds requires majority of the Validator DAO to agree and a thread on https://talk.harmony.one which will be broadcast on all channels for no less than 7 days to gauge community support. If it requires a use of greater than 10 percent of the funds, it will be submitted as a HIP proposal on https://talk.harmony.one and broadcast on all channels for no less than 7 days prior to submitting the proposal to a vote on https://gov.harmony.one/#/dao-mainnet . To pass the HIP 
proposals requiring the use of greater than 10 percent of Validator DAO funds it will require a 51 percent of the stake weight participating and 67% in agreement.
c. Simple Initiatives without Coding or Funding 
Simple initiatives not requiring a coding change or use of Validator DAO funds requires 6/9 members of the Validator DAO to agree and a thread on https://talk.harmony.one which will be broadcast on all channels for no less than 7 days to gauge community support. Defining the scope of these initiatives will be at the discretion of the Validator DAO.
 d. Day to Day Operations
Day to day operations including but not limited to paying for services already approved through other measures, making marketing decisions or simple community impacts through official channels will require a simple majority to approve in text through official communications channels whereby all members of the Validator DAO can view other member decisions.

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Yes I am in favor of the proposal.

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General guidelines for DAOs from the $300M+ on Bounties, Grants & DAOs

  1. 100 DAOs ($50M). Governors of each DAO have delegated autonomy over its assets and initiatives. Harmony helps define 3 broad mandates, recruit 9 governors, define the deliverables and metrics for the first 3 months, and fund at maximum $1M. We recommend $75 to $350 per hour as the self-assessed salary, 3-month election terms, retroactive peer bonus and performance feedback, 80% passing votes, and openly tracking timesheets and deliverables for each member.

@Sam described about Validator DAO governors’ roles and responsibilities clearly here:

For the recommended pay rate, it is described here: