Proposal Process

The SuperVerse DAO will include a formal proposal process for all community-led initiatives. For any proposal to be considered, it must meet certain requirements that are detailed below. A formal process is in place to ensure proposals are well thought out, include necessary details regarding the scope of the project, and are in the best interest of the DAO.

Proposal Categories

There are three main categories for SVIPs (SuperVerse Improvement Proposals): Fund Allocation, Partnership Consideration, and Process or Informational. Any proposal that requires resubmission must be classified accordingly.

Fund Allocation

Fund allocation proposals are for the utilization of the SuperVerse DAO Treasury.

Fund Allocation Resubmission

Resubmitted proposals for utilization of the SuperVerse DAO Treasury.

Partnership Consideration

Partnership consideration proposals aim to highlight opportunities where collaboration with other projects or individuals can benefit the ecosystem.

Partnership Consideration Resubmission

Resubmitted partnership consideration proposals that aim to highlight opportunities where collaboration with other projects or individuals can benefit the ecosystem.

Process and Informational

Process or informational proposals are for changes to an existing process, changes to the implementation, or general information for the community. Examples include changes to existing DAO procedures, guidelines, or the use of tools by the DAO.

Process and Informational Resubmission

Resubmitted proposals for changes to an existing process, changes to the implementation, or general information for the community. Examples include changes to existing DAO procedures, guidelines, or the use of tools by the DAO.

SVIP Template

In order for a proposal to be considered, it must include the following criteria (Proposal Criteria) unless otherwise specified.

  • Summary - A few sentences summarizing the proposal

  • Community Incentive - Explain why the SuperVerse community should implement the proposal

  • Risks - Highlight any potential risks involved with implementing the proposal

  • Rationale - Explain how the proposal benefits the future of the project, furthers the SuperVerse mission, and aligns with the guiding values

  • Key Terms - Include an explanation of any unique terms included within the proposal – only if applicable

  • Specifications - Provide a detailed breakdown of the platforms and technologies required to implement the proposal

  • Steps to Implement - Provide the steps to implement the proposal including the number of resources and the associated cost of each step

  • Timeline - Include all relevant details in regard to timing. This should include the projected start date, completion date, and milestones along the way

  • Overall Cost - Be clear on the total cost to implement the proposal

The SVIP Author can add additional fields or details to the SVIP template if necessary to fully communicate the intentions, specifics, and implications of the proposal.

Proposals that did not make it through the respective approval process and are being resubmitted should also include:

  • The link to the original proposal

  • The reason(s) it was not approved previously

  • The changes that have been made and the reason it should now be approved

Proposal Phases

Phase One: SVIP Idea

An idea is submitted by the community as a post in the forum. The person or persons submitting the SVIP idea are the SVIP Authors. More than one DAO member can work on an SVIP idea, but it should only be submitted once. The community then has the opportunity to provide feedback via comments on the forum. The SVIP Authors can propose changes to the original idea, but only through comments on the forum. To keep discussions transparent, the SVIP Authors may not change the original post.

Phase Two: SVIP Draft

When SVIP Authors determine they have enough information to draft a proposal, an admin engaged by SuperVerse will close the topic on the forum and send the proposal template to the SVIP Authors along with the next steps for submission. The SVIP Authors should consider including any community feedback that furthers the idea as part of their draft before continuing. The admin may inform the SVIP Authors of any necessary changes required to comply with the DAO-approved guidelines. At this time, an SVIP Author will be required to authenticate their wallet to prove they have met the staking requirements for submitting a proposal. If the SVIP Authors do not respond to all requests from the admin within 30 days, the SVIP draft will be automatically rejected. If and when the admin confirms the SVIP draft complies with the DAO-approved guidelines, a number will be assigned to the SVIP for identification purposes. From that point on, the SVIP is referred to as “SVIP-#; (Name) - (Category)”. For example, this first SVIP is “SVIP-1: Proposing the DAO - Process and Informational”.

Phase Three: SVIP Analysis Report and Moderation

The SVIP Draft is reviewed by an admin team engaged by SuperVerse. The admin team will analyze the proposal and provide a report detailing costs, steps to implement, legal considerations, third-party review requirements, potential conflicts of interest, and any further complications that have been identified. Knowing that some SVIP Authors may be submitting drafts with little to no resources, this phase is important to ensure that DAO members have enough information about proposals to make informed decisions when voting. During this time, the admin team also decides if the proposal adheres to the DAO-approved guidelines. If approved, it becomes a Pending SVIP and moves to Phase Four. If not approved, it is eligible for resubmission except in extreme circumstances. SVIP's that violate the law, include misleading information, or have reasonable suspicion of fraud will not be eligible for resubmission.

Phase Four: SVIP Designation

Pending SVIPs that have passed SVIP Moderation are designated as “Ready to Vote” or “Needs Administrative Review”.

The “Ready to Vote” designation is given to a pending SVIP whose details meet the proposal criteria and are of no risk to the well-being of the DAO. Any Pending SVIP that is designated as “Ready to Vote” will go to the board for final approval. If final approval is given by the board, skip to Phase Six. In a case where the board does not approve the Pending SVIP, clear rationale will be provided to the SVIP Authors of the proposal and the proposal will be eligible for resubmission.

The “Needs Administrative Review” designation is given to a Pending SVIP whose costs, content, or implications are considered complicated or a potential risk to the well-being of the DAO. Any Pending SVIP that is designated as “Needs Administrative Review” must go through Phase Five.

Phase Five: SVIP Admin Review (If Applicable)

For Pending SVIPs that have been designated as “Needs Administrative Review,” the Board will determine whether clarification or action is required before moving a Pending SVIP to Phase Six. If clarification or action is not needed, the Pending SVIP is designated as “Approved for Voting” and proceeds to Phase Six. If the Board decides to return a Pending SVIP for further clarification or action, they must provide a clear explanation of why and designate it as either “Return for Clarification” or “Return for Reconstruction.”

Reasons to tag as “Return for Clarification” may include but are not limited to:

  • The cost to implement is unclear or not able to be calculated

  • The proposal would use more than 5% of the DAO treasury

  • The proposal conflicts with another proposal

Reasons to tag as “Return for Reconstruction” may include but are not limited to:

  • The proposal conflicts with the mission and values of the DAO

  • The proposal is at odds with the well-being of the DAO

  • Violations of law, or against the advice of counsel for Super Foundation

  • Reasonable suspicion of fraud or other misleading information

Phase Six: SVIP Vote

Drafts that have passed their respective approval processes will go live for voting on Snapshot. Once live on Snapshot, SVIPs are open to voting for six days. SuperVerse admins are the only ones that can post SVIPs to the voting tool, because they must confirm that each one has gone through the correct approval process.

Phase Seven: SVIP Determination

If a live SVIP vote has not received the minimum engagement of 5% of the circulating supply of $SUPER or at least 60% of the total votes “in favor” of the proposal, it will be designated as “Stalled” and be eligible for Resubmission. In all other cases, SVIPs are moved to one of two Final SVIP categories. Rejected Final SVIPs can be resubmitted via the appropriate Resubmission Template if the SVIP Author contacts an admin. Accepted Final SVIPs move into SVIP Implementation.

Phase Eight: SVIP Implementation

For Accepted Final SVIPs, implementation will begin based on the steps outlined in the SVIP template. The admin engaged by the Super Foundation is responsible for ensuring this happens, but is not responsible for doing it themselves.

Proposal Conflicts

If a suggested proposal directly conflicts with a proposal that is currently up for a vote, the second proposal should not go for a vote until a decision is made on the first proposal to avoid approval of opposing requirements.

A suggested proposal that directly conflicts with another approved proposal cannot go to vote for three months after the original proposal has been implemented to avoid wasting community assets.

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