DAO Overview
The DegenPredict DAO (Decentralized Autonomous Organization) is the governing body of the DegenPredict platform. It enables token holders to collectively make decisions about the platform's future, including protocol upgrades, fee structures, treasury allocations, and more.
By distributing governance to our community, we ensure that DegenPredict evolves in a way that best serves its users. The DAO plays a crucial role in guiding the development of our AI resolution system, voting on algorithm improvements and performance metrics.
Benefits of Joining
Voting Rights
Shape the future of DegenPredict by voting on proposals. One $DGEN token equals one vote, giving you direct influence over platform decisions.
Economic Rewards
Earn additional $DGEN tokens by participating in governance and serving as a judge for prediction market resolutions.
Community Access
Join a vibrant community of prediction market enthusiasts, traders, and crypto experts. Network and collaborate with like-minded individuals.
How the DAO Works
Proposal Creation
Any DAO member holding at least 10,000 $DGEN tokens can create a proposal. Proposals can address various aspects of the platform, such as:
- Protocol upgrades and feature additions
- Fee structure adjustments
- Treasury fund allocations
- Changes to governance parameters
- Partnerships and integrations
Voting Process
Once a proposal is submitted, it enters a 3-day discussion period where community members can debate its merits. After the discussion period, voting begins and lasts for 5 days.
Voting power is proportional to the number of $DGEN tokens held or staked. To prevent last-minute vote swings, tokens must be held for at least 48 hours before they can be used for voting.
Implementation
For a proposal to pass, it must receive a majority vote (>50%) and meet a quorum requirement of at least 10% of all $DGEN tokens participating in the vote.
Once approved, proposals are implemented by the core development team according to a predefined timeline. Critical protocol changes may undergo additional security audits before implementation.
AI Oversight Committee
DAO members can participate in the AI Oversight Committee, which reviews the performance of our AI resolution system and proposes improvements.
Committee members earn additional $DGEN tokens for their contributions to improving the AI system's accuracy, speed, and reliability. The committee regularly reviews resolution statistics and edge cases to ensure continuous improvement.
Ready to shape the future of prediction markets?
Join the DegenPredict DAO today and have your voice heard