# Organization
## MORE DAO
The mission of MORE DAO is to oversee and drive the development of the protocol in service of its members, stakeholders, and users. As a decentralized autonomous organization, MORE DAO is committed to fostering growth, innovation, and collaboration within its ecosystem, ensuring long-term value creation and sustainability. Its roles and responsibilities include:
Members of MORE DAO include anyone on the Governance Council, anyone who holds the non-transferrable MORE DAO NFT, is a supplier to any of the MORE protocols or anyone who holds the MORE token or any derivative of a staked, vested or locked MORE token. As the protocol scales, governance shall be progressively decentralized from governance council voting to on-chain token voting using the MORE token or its derivatives such that direct token voting determines the outcomes of proposals. Members can participate in the governance process on Discord and Commonwealth.
## MORE Foundation
The MORE Foundation has been formed to serve the MORE DAO. The Foundation aims to facilitate the growth and development of the MORE protocols and its ecosystem. The Foundation will adopt Bylaws and other required formation documents, necessary to establish the Foundation’s initial governance structure.
## MORE DAO Governance Council
The MORE Governance Council functions as an advisory body representing diverse cohorts of stakeholders within the DAO. Rather than having standalone members, it is composed of individuals who each belong to a particular stakeholder group. The Council’s chief role is to support key initiatives, spanning tokenomics, expansion of the network, and strategic alliances. Representatives from other DAOs may also participate in this capacity. Overall, MORE DAO’s governance council currently includes 7 members and will soon expand to 9 members.
To start with, these stakeholder groups are:
* Group 1: Core team and key service providers
* Group 2: Community members and curators
* Group 3: Key advisors
Further stakeholder groups may be added in the future.
It goes without saying that MORE Governance Council is accountable to MORE DAO’s members who will soon be able to define the scope of MORE Governance Council’s executive power over operational decisions by passing and refining these at any time in a new governance proposal through the MOP process. In that sense, holders of MORE’s tokens will be represented in the MORE Governance Council. The DAO is the overseeing and superior entity that governs MORE Governance Council through proposals. Anyone who joins the MORE Governance Council will also be added to MORE DAO’s Snapshot space as an author.
### Initial Governance Council Members
| Name | Address |
| ------------ | ------------------------------------------ |
| d3athwing | 0x87Bb72aCbE36C1DB588DBf995cCE8EaE5bCbC59B |
| 0x12p4c | 0x007077Bf333c69673a13a897039DcAF99b505C1a |
| Nomadic | 0x9B4E845b3b0151A84dc11D4734E4FA61A4B934DB |
| SafeYieldsAI | 0xe8c7C520426746141D0921034bEc0F0315ccb88e |
| seb3point0 | 0xE4476fc34BF90939Eaf86b42320cA37ff576484a |
| TAU Labs | 0x4406d8E9CD882800887541f9108D385116E062Eb |
| eengo24 | 0x78ec02fE7b51d97aFa7D13e5748514fC10CC6ea2 |
## MORE DAO Security Council
The Security Council is a specialized body within the MORE DAO, consisting of 3 members who serve as signatories for a designated DAO multisig wallet. These members are entrusted with the authority to carry out specific Emergency Actions, as delegated by MORE DAO and the MORE Foundation, and the Council is charged with ensuring compliance with the MORE DAO Constitution.
### Initial Security Council Members
| Name | Address |
| --------- | ------------------------------------------ |
| d3athwing | 0xB7A88D8Fb4110558c77754282937e75E08efc4AB |
| 0x12p4c | 0x007077Bf333c69673a13a897039DcAF99b505C1a |
| MORE Labs | 0x1FF2a366bf5b06a486384AC3edad0023F4FA82C4 |
## MORE Governance Process (MOP)
MORE DAO Governance is conducted on [Commonwealth](https://common.xyz/more/discussions?tab=all).
### Soft Governance
In principle, as many decisions as possible should be made using a soft governance mechanism via Discord. As a general rule, on-chain votes are required for high-stakes decisions that:
* revolve around the treasury and expenses greater than $10,000 USD, or
* revolve around the rules or the rules to change the rules \[the constitutional process], or
* revolve around membership and enforcement of norms \[punitive measures].
Other decisions should be taken through soft governance.
### Participation
One MORE token or any of its locked derivative tokens or one MORE Governance NFT equals one vote over any proposals submitted to the MORE DAO. This will allow token holders to participate in the governance process proportionally to their holdings.
Token holders have governance power over components of MORE such as MORE Treasury management to allocate assets for protocol development and community growth, protocol reserve management and utilization, and other on-chain updates including the ability to adjust protocol and governance parameters.
### Proposal Types
#### DAO Governance Proposal
* General DAO governance proposals;
* Treasury functions, approving new members, black- and white-listing, etc.;
* Change of governance mechanism proposal;
#### Project Proposal
* Suggestions for new projects to bring into the DAO.
* Proposals to create, modify or remove core pool markets or tokens from the core pool;
* Proposals to modify, upgrade or update the protocol by introducing new features within an existing version or by proposing a new version.
#### Funding Proposal
* Proposals to allocate more funding to pre-existing projects to help them reach their experimental goals, reach the next phase. These are based on milestone completion, specified in the initial project proposal.
### Proposal Process Overview
1. Phase I: RFC
1. Post on MORE DAO Ideas Category in Commonwealth
2. Community support indicated by Commonwealth vote
2. Phase II: MOP-Draft
1. Post on MORE DAO Proposal Category with Template and Phase II tag
2. Community support indicated by Commonwealth vote
3. Phase III: MOP-Vote (v1: current version via multisig)
1. Build transaction in Safe for multisig-based vote
2. Community support indicated by 4/7 approvals, and later, 5/9 approvals
4. Phase III: Approval (v2: to be introduced after the dissolution of the DAO multisig)
1. Upload to Snapshot for token-based vote
2. Community support indicated by token-based vote
### Proposal Process
#### Ideation
* Community members brainstorm and share initial ideas for improving the DAO.
* Discussions begin informally, often in forums or discussion channels on Discord, to gather feedback.
#### Drafting
* Proposals are formalized into structured documents that outline objectives, implementation plans, and expected outcomes.
* Draft proposals are shared for further review and refinement.
#### Discussion
* Draft proposals are posted in designated forums (e.g., Commonwealth) to encourage debate and input from the community.
* This phase ensures that the proposal addresses diverse perspectives and considerations.
#### Voting
* A community-wide non-binding vote is conducted to gauge support for the proposal.
* Votes can be cast as “Yes,” “No,” or “Abstain.”
* Voting Period: Lasts for 3 days, during which members can cast their votes.
* Vote Collection Period: A 24-hour period after voting ends, allowing time for the community to adjust before the proposal is formalized in governance.
* Proposal Threshold: A minimum of 2, and later, 3 MORE Governance Council Members is required to submit a formal on-chain proposal.
* Quorum: At least 4, and later 5, MORE Governance Council Members must vote in favor of a proposal for it to be valid.
* Timelock (in development): A proposal that has passed will be queued for 7 days before it can be executed, in order to allow dissenters to withdraw from the protocol or for the Governance Council to reconsider its vote.
Due to the nature of Signal Votes, which are non-binding, a successful proposal, resulting from the Vote Collection Period, should be considered a recommendation, rather than a mandatory requirement to take action. Any actions or requests contained in such a proposal will only be taken under advisement by Foundation Director(s), who have sole discretion to undertake such requests, or take no action. Signal Votes, by their very nature, are non-binding and in almost all cases should be followed by an on-chain proposal.
#### Governance Council Approval
Takes place on the multisig and is intended to represent the decision of signal voting. Multisig can deliberate independently and arrive at an independent decision. In such a case, a suggestion will be resubmitted to the DAO or in extremely rare cases, votes for its intended outcome.
### Implementation Period
#### On-chain Actions
On-chain proposals may be queued and executed by anyone at least 7 days following the conclusion of a Governance Council vote.\
\
In rare circumstances, Foundation Directors may exercise veto authority in accordance with Applicable Law or for other reasons including inconsistencies with the Foundation’s purpose as set out in the Foundation’s Bylaws and Memorandum and Articles of Association. If any Foundation Director exercises their veto authority, disclosure and explanation for the veto shall be posted on the relevant MOP forum post within 2 weeks of the proposal passing.
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