Proposal Framework 1.0, DAO 1.1 draft!

Kerpow! Just 10 days after its announcement, the DAO Proposal Framework 1.0 has now been released and it brought a friend: the DAO 1.1 draft! Yes, already.

The Proposal Framework 1.0 solves all major concerns regarding governance that were raised during the DAO creation phase; namely, the potential for ‘yes’ bias and the so called ‘sniping/ambush’ voting.

It does so elegantly without requiring an immediate to update the DAO, by establishing a simple coding standard to be adopted by all Proposals before they are whitelisted by the Curator.

It offers two options to structure a Proposal, with the ‘pre-vote’ being by far the simpler option. Proposals will be added to the whitelist if the DAO Token Holders have supported an initial ‘pre-vote’ with a minimum quorum formed of 15% of yes votes.

We thank everyone who participated in the discussion for their diligent efforts and feedback, with a special mention to the DAO Slack community.

Those who would like to submit a Proposal to the DAO can read the specs on the wiki and use the code Offer.sol (with prevote) or PFOffer.sol (no prevote) as a template to get started. You can then submit your Proposal by following the guide on DAOHub.org.

DAO 1.1

Of course, the Proposal Framework is only a temporary solution until DAO 1.1, on which work has already started. For an initial list of changes currently under discussion, please refer to this pull request.

But DAO 1.1 shouldn’t and won’t be a single development team effort. Vitalik Buterin suggested it should be part of an open discussion process similar to EIPs, and we agree wholeheartedly.

So please fork, make comments, and submit pull requests to the repository at https://github.com/slockit/DAO, and let’s build the future together.

Talking about the future…

DAO 1.1 will be limited to the changes that render the Proposal Framework unnecessary by including an in-contract governance model impervious to common social attacks.

The really exciting part for me is that I’m already hearing some great ideas around DAO 2.0, including an early disintermediation of the Curator role altogether.

As this is a 100% open source project, DAO Improvement Requests can be made on Github.

The future is bright, and it’s 100% decentralized.