LFTCOIN DAO GOVERNANCE

The LFTCoin community governs itself via the LFTCoin DAO, the decentralized governance framework that supports the Ecosystem Fund. The DAO follows a proposal process to vote on how the Ecosystem Fund will be distributed by the LFT Foundation to promote a diverse and self-sustaining ecosystem.

This governance guide is an overview of the proposal process. It’s a living document that will evolve and improve with the DAO community’s input.

MEMBERSHIP

Participating in idea submission, commentary, proposal submission, and voting is restricted to LFTCoin DAO members. Holding LFTCoin is the only requirement for membership in the DAO.

GUIDING VALUES

• Boldness: We don’t shy away from the weird, the hard, or the new.

• Equality: One LFT equals one LFT.

• Transparency: Processes and decisions are shared openly with the community.

• Collective Responsibility: We leave everything better than we found it.

• Persistence: Success is an ouroboros, not a straight line.

COMMUNICATION CHANNELS

The LFT Foundation website is the DAO hub, providing an interface to educate DAO members on the governance process and provide easy access to the channels below in order to streamline the DAO’s operation and enhance its utility.

Discourse is the first stop for all proposals. An AIP (LFT Improvement Proposal) Idea is submitted as a post in Discourse and must receive confirmation from a moderator that it complies with DAO-approved guidelines before it appears to the community. LFTCoin holders must go through a wallet authentication process to post ideas or give feedback to ideas via comments.

Snapshot is used for voting. Proposal drafts that have passed their respective approval processes become available for voting on Snapshot. LFTCoin holders must go through a wallet authentication process to vote.