Governance Documentation
Weritas DAO: Proposal Guidelines (v1.0)
The Weritas DAO exists to govern the protocol’s economic parameters, oversee the Weritas Council’s treasury, and ensure the long-term stability of the global credit layer. To maintain the highest standards of decentralized stewardship, all proposals must follow the structured lifecycle outlined below.
1. The Proposal Lifecycle
To prevent "governance fatigue" and ensure quality, proposals move through three distinct phases:
Phase 1: Temperature Check (Discussion)
- Venue: [Weritas Forum / Discord Governance Channel]
- Duration: Minimum 5 days.
- Requirement: An informal poll to gauge community sentiment.
Phase 2: Formal Proposal (Drafting)
- Venue: [Weritas Governance Portal / GitHub]
- Requirement: A full technical and economic breakdown using the WIP (Weritas Improvement Proposal) template.
Phase 3: On-Chain Vote
- Venue: [Snapshot.org (Off-Chain) or Governance Contract (On-Chain)]
- Duration: 7 days.
2. Proposal Categories
Proposals must be categorized into one of the following to determine the required quorum:
| Category | Description | Quorum Required |
|---|---|---|
| WIP-Core | Smart contract upgrades or core protocol changes. | 15% of $WRTH Supply |
| WIP-Risk | Adjusting debt ceilings, interest rates, or Pulse Score™️ parameters. | 10% of $WRTH Supply |
| WIP-Treasury | Allocating funds for grants, partnerships, or marketing. | 8% of $WRTH Supply |
| WIP-Admin | UI/UX changes, new forum moderators, or community initiatives. | 5% of $WRTH Supply |
3. Mandatory Proposal Template
Every formal proposal must include the following sections:
- Title: WIP-[Number]: [Brief Description]
- Executive Summary: A 3-sentence high-level overview.
- Rationale: Why is this change necessary? How does it benefit the ecosystem?
- Technical Specification: Detailed code changes, parameter adjustments, or contract addresses.
- Risk Assessment: Potential vulnerabilities or economic impacts (e.g., Does this affect the Pulse Score™️ accuracy?).
- Timeline: When will the implementation occur if passed?
- Financial Impact: Expected cost to the Treasury in $WRTH or Stablecoins.
4. Submission Requirements & Thresholds
- Minimum Balance to Propose: A user must hold or be delegated at least 1,000,000 $WRTH to submit a formal proposal to the DAO.
- Conflict of Interest: Proposers must disclose any personal or financial ties to third parties mentioned in the proposal.
- Legal Compliance: Proposals that violate the Weritas Council Charter (e.g., offering unregistered securities to restricted regions) will be vetoed by the Guardian Council.
5. The "Guardian Council" Veto Power
To protect the protocol from malicious actors or "governance attacks," the Weritas Council retains a limited-time Veto Power.
- Scope: Only used if a proposal poses a systemic security risk or a direct violation of BVI/Global regulatory compliance.
- Sunset Clause: This power will be reviewed annually by the DAO to move toward full decentralization.