This is a call to action.
This is an open invitation for those, who feel so guided, to take part into shaping the future of the protocol.
This is an attempt to gather good comments throughout the forum into one place, and - hopefully - into a unified approach to governance.
Kindly write your suggestions in the comments below.
Article I "Proclamation"
Sushi is a state. Sushi is a mission. Sushi is an ethos. Sushi is a soul. Sushi is of the people, for the people. Make it so in structure and thought.
Article II "Authority"
Community holds ultimate authority. It may exercise it through snapshot voting and by granting mandate to elected individuals.
Article III "Mandate"
The mandate is a measure of trust the community extends to elected individuals.
The mandate is tracked in real time.
When support for an elected individual falls below 51%, any votes they cast are null and void, as they are not representative of the will of the community.
When support falls below 30%, emergency elections are called.
Article IV "Voting"
The community recognizes two types of voter tallying:
- The quorum - when ballots have more than “approve/reject” options.
- Tacit approval - the proposal is approved by default, if community does not generate sufficient opposition within allotted time.
Standard voting period is 7 calendar days.
Expedited voting period is 4 calendar days.
Proposals that are talllied on the basis of tacit approval can not have a voting period, that is less than 7 calendar days.
Article V "Elected Individuals"
All individuals that are appointed through the vote of the community for full-time employment are considered as Elected Individuals.
All Elected Individuals are entitled for the compensation for their work.
Firing of an Elected Individual is done through snapshot vote.
Voluntary resignation of Elected Individual is effective immediately and does not require snapshot vote.
Article VI "Autonomy"
The community recognizes the cravings of Elected Individuals for autonomous operation.
The community grants autonomy of management of any subordinate employees that are not Elective Individuals.
Transparency is the payment for autonomy.
The community expects a written statement within 14 calendar days of hiring/firing subordinates.
Article VII "Governing bodies"
[complete structure to be done, based on the progress in Samurai/Arca proposal]
[Important: Governance council should be able to introduce binding vote]
[will be the biggest section; needs definite and exhaustive list of rights and obligations]
Article VIII "Treasury management"
Section I "Treasury"
All expenses from the treasury are approved by the community on scheduled calendar basis or in special provisions.
Community may employ the services of a Treasurer (either an Elected Individual, or a DAO), tasked with diversification of a portion of the treasury.
Community may employ the services of an Accountant to gather and produce detailed calendar [frequency to be determined] reports on the income and expenses of the treasury.
Section II "Operational expenditures"
In the spirit of autonomy, the community establishes an operational expenditures funds to be managed by Elected Individuals.
Elected Individuals are to produce a report, detailing all income and expenses incurred for the calendar month, within 21 calendar days of the following month.
Failure to produce receipts invokes sequestering of the funding.
Article IX "Operating in legal spaces"
A business services company, which acts as an agent for the DAO to sign contracts to purchase services is formed. The company raises invoices to the DAO, receives payment in crypto, pays tax on its income and deducts its expenses.
Governance can and should remain fully decentralized and on-chain.
Community recognizes the value of decentralized naming services like Handshake Protocol and decentralized hosting like SIA that enable direct DAO ownership of sushiswap interface.
Community raises the importance of maintaining censorship-resistant instances of sushi frontend.
Article X "Accountability"
Elected Individuals are to select at least 1 hour per 14 calendar days to address the community on a specially tracked “AMA” channel on discord.
Repeated failure to communicate with the community is a breach of the mandate.
Non-disclosure agreements are forbidden.
Article XI "Code of Conduct"
Elected Individuals are bound by the Code of Conduct.
[waiting on Nori to produce their version to fuse with the one community proposed]
Embezzlement of funds is a breach of mandate.
Working for competing DAO, while on full employment is a breach of mandate.
Article XII "Disputes and Mediation"
The community allows for 3rd party mediation, as long as all aggrieved parties agree to be bound by its decision.
The cause and outcome of mediation may be private in case of successful resolution.
The parties involved are to notify the community that a mediation (and its outcome) has taken place within 14 calendar days of the event
The treasury may pay for mediation, but the cause and result become public.
If no consensus reached – public hearings are called and community votes on resolution.
Article XIII "Sanctions and enforcement"
Breach of community mandate initiates public hearings.
Contempt for the community is a breach of mandate.
Repeated breach of the mandate is sufficient cause for new elections.
Community may employ solutions like Optimistic Approval or DictatorDAO [spelling?] to safeguard the treasury or governance process.
Article XIV "Interim provisions"
Approval of this constitution triggers the following:
- Audit the spending of OPEX fund.
- Audit the treasury.
- All currently employed individuals, that seek to remain employed, are asked to produce a 5-sentences (or more) memo as response to following questions:
- What is your favorite/hardest challenge (or bug) that you encountered during your employement at sushi?
- How did you solve it?
- Link to your github profile (if applicable) detailing your activity
- Commendation letter from your team leader (if applicable, in case of inability to produce answer to the above questions).
Constitution Making Handbook
“Governing the commons” by Elinor Ostrom.
If you reading this - thank you for your time.
whelp, at least I can say I tried