🔮 DAO Proposals
Understand the process for submitting on-chain proposals to the Factlink DAO for community treasury funding and other actions.
The Factlink DAO, operating through the Solana Governance framework via the Realms DAO UI, accepts proposals for on-chain actions that require tokenholder approval. An example would be a request for funding from the Factlink community treasury to support ecosystem growth or developer initiatives. The steps to complete a proposal are as follows:
Post to Community Forum
The first step is to create a post in the Factlink Discord dedicated for Governance Proposals. The post should outline the key components of the proposal, including its purpose, scope, and expected impact on the Factlink ecosystem. This gives the community an opportunity to provide feedback, ask questions, and recommend changes before the proposal advances.
An example submission could be a request for funding a developer grant program to build integrations with Factlink's Optimistic Oracle.
Snapshot Vote
Once the proposal has been discussed and refined based on community feedback, a Snapshot vote can be created by the proposer with a predefined duration (e.g., 5 days). Snapshot votes serve as an indicative poll to gauge community sentiment before moving to a binding on-chain vote. If the proposal receives majority support at the end of the voting period, it proceeds to the next step.
Proposals that involve the movement of treasury funds may require a bond in Factlink tokens (amount to be determined closer to token launch) to be posted by the proposer. This bond is returned if the proposal succeeds in the on-chain vote, acting as a mechanism to deter spam or frivolous requests. The Factlink team or a designated community entity may assist with facilitating the bond or on-chain proposal process for proposals that gain significant Snapshot support, as determined by governance policies.
On-Chain Vote
After a successful Snapshot vote, an on-chain vote is conducted through the Solana Governance protocol via Realms UI to finalize the decision. If the on-chain vote passes with the required majority (thresholds to be defined by governance post-launch), the proposed action—such as transferring funds from the treasury to a recipient wallet address—is executed automatically on the Solana blockchain.
This multi-step process ensures that Factlink DAO proposals are thoroughly vetted by the community, maintaining transparency and fairness in decision-making while leveraging Solana's efficient governance infrastructure.