MoonDAO

Governance

4 min read

Governance Guide

Step 0: Participate in Governance While not explicitly required, we recommend becoming a member and familiarizing yourself with our processes. You can obtain $MOONEY, our governance token, here. This will allow you to vote on proposals and co-govern MoonDAO. New proposals go up for a vote once a week on Thursdays for a five-day voting period, at minimum.

Step 1: Ideation Even if you’re not a member, you can pitch an idea or weigh in on other people’s ideas in our Ideation channel - there is no formal structure to post, and anyone can share a loose idea for feedback. No pressure.

Step 2: Submit a Proposal When you’re ready to submit a more formal proposal, you can do so here. Most successful submissions have already been discussed in ideation to improve them and get feedback, but you may also submit directly ⁠without a thread in ideation.

Step 3: Townhall Discussion Every Thursday at 3PM Eastern we discuss proposals in Discord in the Ground-Control voice channel. Everyone is welcome to listen and participate. We record these meetings as well and you can view previous town halls on our YouTube channel.

  • Wednesday 3PM Eastern: Proposal Submission Deadline. The proposal may be edited up until the town hall begins, but the submission should be made at least 24 hours before the meeting.
  • Thursday 3PM Eastern: Townhall Discussion. Please be prepared to present your proposal during the next town hall after submission and be prepared to answer questions.
  • Thursday 7PM Eastern: Snapshot Vote Opens, if the proposal passes Senate temperature check.
  • Tuesday 7PM Eastern: Snapshot Vote closes.
  • If the proposal passes, we proceed to on-chain execution and queue the transaction for review by the treasury multi-sig signers in order to fund the project.

High-level Governance Overview

MoonDAO is composed of three governing bodies:

  1. The MoonDAO Senate. This is a group of project leads that review incoming proposals and perform due-diligence before it goes up to vote for the rest of the DAO.
  2. Member House. The member house is composed of all the $vMOONEY holders which grants the right to vote. We use off-chain voting of onchain $MOONEY tokens that are locked. Voting Hub.
  3. Executive Branch. If the vote is approved by the DAO, our on-chain smart contract signers execute the proposal from our Gnosis Treasury.

Please read our constitution for definitions and in-depth detail.

We are in the process of implementing all features of our Constitution onchain.

For now, the current governance system for MoonDAO works as follows:

Proposal Flow

  1. Anyone can create a proposal. To begin, create a post in the ideation channel and get feedback on the idea from the community. Once the idea is fully formed, you may formalize the proposal for submission
  2. The Senate will do due-diligence on the proposal for constitutionality and mission-alignment, if the proposal receives more than 70% approval from the Senate it moves to a vote by all the $vMOONEY holders in the Member House. Seats on the senate can not be bought, the Senate is composed of people that are leading or have lead MoonDAO projects.
  3. The $vMOONEY holders vote on the proposal, if a super majority agree it goes to the treasury for signing.
  4. The Treasury signers execute the proposal’s onchain components (sending funds, or implementing an onchain update to the DAO’s functions).

Senate Meetings

The Senate meets on a weekly basis (at the Town Hall event) to review incoming proposals. Senate meetings are a forum for the Senators to ask deeper questions about a proposal and conduct due-diligence about the submission prior to a member vote.

During and after the Town Hall, the Senate has an anonymous voting window to determine whether the proposal is valid and constitutionally-aligned with MoonDAO’s values.

Proposal Timing

If you want to go fast, go alone; if you want to go far, go together.

We are trying to optimize the speed that our DAO moves without sacrificing on quality of decision-making or decentralization. From the time of proposal approval, please expect approximately two weeks until the funds are sent from our treasury.

General timing expectations:

  1. Submit a proposal to the Senate before the Town Hall time (preferably 48 hours in advance).
  2. vMOONEY Member House has a five day voting period for project proposals and 10 days for governance related changes.
  3. On-chain execution of funding within seven days, ideally less, of voter approval.

Therefore, please expect at least 12-15 days for a proposal to go through to the funding stage.

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