DAO Governance Model

Governance is a structured process enabling community members to propose and vote on blockchain upgrades, designed to reduce the costs of such modifications. Proposals may include adjustments to blockchain parameters, changes to core code, bug fixes, feature enhancements, and the deployment of new modules.

To initiate a proposal, community members can submit a ZippyChain Improvement Proposal (ZIP) via the Zippy Foundation's GitHub. If the proposal is deemed appropriate, an on-chain proposal will be created through the "zippy_governance" module. Voting occurs on-chain, and if a proposal garners sufficient support (over 50% of the total supply), it can be executed without waiting for the full voting period. Proposers must stake a minimum number of tokens and lock their stake during the voting period to prevent spam proposals.

Voting rights are granted to those who stake tokens but do not need to run validator nodes. Voting power is based on the active staking amount supporting the staking pool in the current epoch. Voters must verify proposals before voting, ensuring they are linked to relevant source code. Anyone can execute an approved proposal using the governance execution command via Zippy CLI. A ZIP is an improvement proposal from the community or Zippy Labs aimed at enhancing ZippyChain's operations. Proposals should be documented in detail in GitHub issues and can be tracked through dedicated channels on Discord.

The technical framework for ZippyChain governance primarily resides in two smart contracts: "zippy_governance.sol" and "voting.sol". These modules facilitate user interaction with the governance process and ensure all necessary checks are in place for effective governance. This design allows other DAOs on ZippyChain to adopt similar governance structures, fostering a collaborative environment within the ecosystem.