Governance

United Protocol DAO

United Protocol’s governance mechanism is aimed at decentralisation to the fullest degree over the course of evolution of the protocol. The aim is to implement mechanisms such as quadratic voting, so that community preferences are fully expressed. The roadmap (Figure 8) of the protocol includes staged deployment which allows transitioning of the governance from an initial centralized model to a fully decentralized one, a common approach in this industry. The decentralized autonomous organization (DAO) would ultimately have the ability to develop and accept improvement proposals, voting proposals shall implement mechanisms which reduces the changes of governance capture.

Treasury

In order to ensure that United Protocol protocol is sufficiently decentralized and its development is supported, we envision a treasury function to that end. We envision that once the DAO is boot strapped and the initialization conditions are met, assets in treasury cannot be distributed or re-allocated without approval of on-chain governance. Developers can post the proposals in public. The voting of these proposals would happen, as per the governance mechanisms implemented.