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, then lock it for $vMOONEY. This will allow you to vote on proposals and co-govern MoonDAO. MoonDAO members (holders of wallet-bound $vMOONEY) may submit proposals at any time. Project proposals follow the quarterly cycle in the Project System. Member House votes last no less than five days.
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. The proposal must follow the DAO’s templates or it will not go forward for a Senate vote.
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.
- Project proposals must be submitted by the second Thursday of the quarter. They may be edited up to 48 hours before the third Thursday of the quarter. Project contributors must present at that townhall. See the Project System for the full quarterly timeline.
- Other proposals can be submitted at any time. Be prepared to present at the next town hall after submission and answer questions.
High-level Governance Overview
MoonDAO is composed of three governing bodies:
- The MoonDAO Senate. Senators review incoming proposals and perform due-diligence before a proposal goes to the Member House. See the Constitution for how Senators are appointed.
- Member House. The member house is composed of all $vMOONEY holders, which grants the right to vote. Voting power is the square root of $vMOONEY. Project and governance votes are published on the website at Governance Proposals and Projects.
- Executive Branch. If the vote is approved by the DAO, treasury signers execute the proposal from our Safe treasury (five-of-seven).
Please read our constitution for definitions and in-depth detail.
Proposal Flow
- Anyone can discuss an idea in the ideation channel. MoonDAO members ($vMOONEY holders) may formalize a proposal and submit it.
- The Senate does due-diligence on the proposal for constitutionality and mission-alignment. A proposal moves to the Member House if it receives a super majority of Senate votes (greater than 66.6%) with a 70% quorum. Each Senator has one vote.
- $vMOONEY holders vote in the Member House. A binary proposal passes if it achieves a super majority under the quadratic voting formula. The voting period is no less than five days.
- Treasury signers execute the proposal’s on-chain components (sending funds, or implementing an on-chain update) within five days of Member House approval.
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.
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.
General timing expectations:
- Project proposals: submit by the second Thursday of the quarter; present at the townhall on the third Thursday. See the Project System.
- Member House voting lasts no less than five days.
- On-chain execution of funding within five days of Member House approval.
Historical Snapshot votes (before the migration to on-chain governance) remain visible for the record, but new votes are not published there.