REFERENCE

LFTCOIN DAO TERMINOLOGY

AIP (LFT Improvement Proposal) - a document proposing a new feature, project, activity, goal, piece of information, or change to any proposal that has already been implemented.
AIP Idea - the first step in the process of creating an official AIP, which will be presented to the community for gathering informal feedback for a period of seven days.
AIP Draft - the second step in the process of creating an official AIP, which can only be submitted after the original AIP idea has gathered feedback from the community for seven days in the proper channel. An AIP draft must be submitted directly to a moderator via predetermined AIP templates.
AIP Template - the preset format for an AIP draft, which will vary slightly depending on the nature of the intended AIP.
AIP Author - the DAO member responsible for beginning the LFT Improvement Process, starting with presenting the idea to the community via the proper AIP idea process. The AIP author is responsible for incorporating relevant feedback, submitting the subsequent AIP draft via the proper AIP template to the moderator, and responding to questions or requests for clarifications from DAO members and moderators. Any LFTCoin holder can be an AIP author.
AIP Categories - the predetermined classification system for organizing AIPs by their nature or intent. They are: Core Proposal, Ecosystem Fund Allocation Proposal (a subcategory of Core Proposal), Brand Decision Proposal (a subcategory of Core Proposal), Process Proposal, and Informational Proposal.
Core Proposal - a proposal that would be considered the main activities of the DAO, with subcategories that can be expanded on over time via proposal submission.
Ecosystem Fund Allocation Proposal - a proposal about how the Ecosystem Fund should be spent. A subcategory of Core Proposals.
Brand Decision Proposal - a proposal about to whom the community wants to attach its name. This is different from an Ecosystem Fund Allocation Proposal in that it can have associated costs to implement but is not at its core a proposal about Ecosystem Fund Allocation. A subcategory of Core Proposals.
Process Proposal - a proposal about making a change to a process or proposing an implementation. Examples include procedures, guidelines, changes to the decision-making process, and changes to the tools or environment of the DAO or Foundation.
Informational Proposal - a proposal that provides general guidelines or information to the community but does not propose a new feature.
Resubmission Proposal - a proposal that was previously submitted but did not pass either due to initial rejection by moderators or the Board, or by not passing a vote. All proposal categories have a special template for resubmission that the author must link to the original proposal, clearly state why it did not pass, and clearly explain how the resubmission is different.
AIP Analysis Report - a report conducted by a project management team engaged by the LFT Foundation to ensure that all costs, steps to implement, legal considerations, third-party review requirements, potential conflicts of interests, and any further implications have been properly considered and identified. This is considered to be a service for the community given that AIP authors will be submitting drafts with little to no resources.
LFT Improvement Proposal Draft & Analysis Report (AIP DAR Package) - both the AIP Draft (submitted by the author) and the AIP Analysis Report (submitted by the project management team engaged by the LFT Foundation) should be defined as a package after the analysis report is conducted, as they should only be considered together from that point on.
AIP Moderation - the act of reviewing an AIP DAR Package to determine whether or not the AIP draft meets the predetermined and DAO-approved guidelines and therefore is eligible to move to the next step in the process. If an AIP DAR Package passes AIP Moderation, it becomes a Pending AIP.
Pending AIP - the AIP status after AIP DAR, which is only reached if it passes AIP Moderation.
Post-Moderation Tagging - the process of tagging all Pending AIPs that have successfully been through the AIP analysis report and AIP moderation phases. There are two tags given at this stage: 1) “Straight to Vote,” which is for any pending AIP where costs, content, and implications are considered to be straightforward and of no risk to the well-being of the DAO. 2) “Needs Administrative Review,” which is for any pending AIP with costs, content, or implications that are considered to be complicated or a potential risk to the well-being of the DAO and therefore must be reviewed by the Board of the DAO.
Administrative Review - the process of evaluating pending AIPs that have been tagged as “Needs Administrative Review” to determine whether they should be halted or sent to vote by the community.
Return for Clarification - a type of administrative classification that requires the AIP author to clarify certain information regarding the Pending AIP. This classification would be given in cases such as cost to implement being unclear, proposing to utilize a larger percentage of the Ecosystem Fund than is justified based on the value it would provide to the community, or being in direct conflict with an active AIP.
Return for Reconstruction - a type of administrative classification that requires the proposer to restart the proposal submission process because the Pending AIP violates DAO-approved requirements, or in cases of violation of the law, reasonable suspicion of fraud or other misleading information, or the pending AIP being at odds with the mission, values, or well-being of the Foundation or DAO.
Weekly AIP Release - every Thursday at 9PM ET, when all AIPs that are ready to go live are released together in a batch.
Weekly Voting Close - when all AIPs in a Weekly AIP Release batch close for voting, which happens the following Wednesday at 9PM ET.
Live AIP - an AIP that has passed all required approval stages and is launched for the community to vote on it. The voting options for a Live AIP are “In favor” and “Against.” Voting “In favor” means the voter is in favor of implementing the AIP exactly as-is. Voting “Against” means the voter is against implementing the AIP exactly as-is — voters may vote “Against” to encourage the author to resubmit the AIP after making changes.
Final AIP - an AIP that has completed the voting process. There are two subcategories here: Accepted and Rejected.
Implementation of Accepted AIP - the process of implementing an AIP that has been accepted by the community via a vote, based on the predetermined steps laid out in the Draft/Template and Analysis Report phases.

GENERAL GUIDELINES

Every year, there is a DAO-wide vote to determine which DAO members will serve on a special council on the LFT Foundation (the DAO’s “Board”). The purpose of the Board is to administer DAO proposals and serve the vision of the community. This initial Board will only serve six months.
A Board member may be removed and replaced prior to the term’s end pursuant to a majority vote of token holders.
The total cost of implementation must be clear in order for a proposal to go to vote.
DAO members must search past proposals to ensure any idea they intend to write a proposal for has not already been submitted.
If a suggested proposal directly conflicts with a proposal that is currently up for 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.
Proposals will not be put up for a vote if they involve illegal activity, hate speech, pornographic material, or are at odds with the mission or values of the LFT Foundation.

PreviousTHE FUTURE OF LFTCOIN DAO

Last updated 1 year ago

REFERENCE

LFTCOIN DAO TERMINOLOGY

AIP (LFT Improvement Proposal) - a document proposing a new feature, project, activity, goal, piece of information, or change to any proposal that has already been implemented.
AIP Idea - the first step in the process of creating an official AIP, which will be presented to the community for gathering informal feedback for a period of seven days.
AIP Draft - the second step in the process of creating an official AIP, which can only be submitted after the original AIP idea has gathered feedback from the community for seven days in the proper channel. An AIP draft must be submitted directly to a moderator via predetermined AIP templates.
AIP Template - the preset format for an AIP draft, which will vary slightly depending on the nature of the intended AIP.
AIP Author - the DAO member responsible for beginning the LFT Improvement Process, starting with presenting the idea to the community via the proper AIP idea process. The AIP author is responsible for incorporating relevant feedback, submitting the subsequent AIP draft via the proper AIP template to the moderator, and responding to questions or requests for clarifications from DAO members and moderators. Any LFTCoin holder can be an AIP author.
AIP Categories - the predetermined classification system for organizing AIPs by their nature or intent. They are: Core Proposal, Ecosystem Fund Allocation Proposal (a subcategory of Core Proposal), Brand Decision Proposal (a subcategory of Core Proposal), Process Proposal, and Informational Proposal.
Core Proposal - a proposal that would be considered the main activities of the DAO, with subcategories that can be expanded on over time via proposal submission.
Ecosystem Fund Allocation Proposal - a proposal about how the Ecosystem Fund should be spent. A subcategory of Core Proposals.
Brand Decision Proposal - a proposal about to whom the community wants to attach its name. This is different from an Ecosystem Fund Allocation Proposal in that it can have associated costs to implement but is not at its core a proposal about Ecosystem Fund Allocation. A subcategory of Core Proposals.
Process Proposal - a proposal about making a change to a process or proposing an implementation. Examples include procedures, guidelines, changes to the decision-making process, and changes to the tools or environment of the DAO or Foundation.
Informational Proposal - a proposal that provides general guidelines or information to the community but does not propose a new feature.
Resubmission Proposal - a proposal that was previously submitted but did not pass either due to initial rejection by moderators or the Board, or by not passing a vote. All proposal categories have a special template for resubmission that the author must link to the original proposal, clearly state why it did not pass, and clearly explain how the resubmission is different.
AIP Analysis Report - a report conducted by a project management team engaged by the LFT Foundation to ensure that all costs, steps to implement, legal considerations, third-party review requirements, potential conflicts of interests, and any further implications have been properly considered and identified. This is considered to be a service for the community given that AIP authors will be submitting drafts with little to no resources.
LFT Improvement Proposal Draft & Analysis Report (AIP DAR Package) - both the AIP Draft (submitted by the author) and the AIP Analysis Report (submitted by the project management team engaged by the LFT Foundation) should be defined as a package after the analysis report is conducted, as they should only be considered together from that point on.
AIP Moderation - the act of reviewing an AIP DAR Package to determine whether or not the AIP draft meets the predetermined and DAO-approved guidelines and therefore is eligible to move to the next step in the process. If an AIP DAR Package passes AIP Moderation, it becomes a Pending AIP.
Pending AIP - the AIP status after AIP DAR, which is only reached if it passes AIP Moderation.
Post-Moderation Tagging - the process of tagging all Pending AIPs that have successfully been through the AIP analysis report and AIP moderation phases. There are two tags given at this stage: 1) “Straight to Vote,” which is for any pending AIP where costs, content, and implications are considered to be straightforward and of no risk to the well-being of the DAO. 2) “Needs Administrative Review,” which is for any pending AIP with costs, content, or implications that are considered to be complicated or a potential risk to the well-being of the DAO and therefore must be reviewed by the Board of the DAO.
Administrative Review - the process of evaluating pending AIPs that have been tagged as “Needs Administrative Review” to determine whether they should be halted or sent to vote by the community.
Return for Clarification - a type of administrative classification that requires the AIP author to clarify certain information regarding the Pending AIP. This classification would be given in cases such as cost to implement being unclear, proposing to utilize a larger percentage of the Ecosystem Fund than is justified based on the value it would provide to the community, or being in direct conflict with an active AIP.
Return for Reconstruction - a type of administrative classification that requires the proposer to restart the proposal submission process because the Pending AIP violates DAO-approved requirements, or in cases of violation of the law, reasonable suspicion of fraud or other misleading information, or the pending AIP being at odds with the mission, values, or well-being of the Foundation or DAO.
Weekly AIP Release - every Thursday at 9PM ET, when all AIPs that are ready to go live are released together in a batch.
Weekly Voting Close - when all AIPs in a Weekly AIP Release batch close for voting, which happens the following Wednesday at 9PM ET.
Live AIP - an AIP that has passed all required approval stages and is launched for the community to vote on it. The voting options for a Live AIP are “In favor” and “Against.” Voting “In favor” means the voter is in favor of implementing the AIP exactly as-is. Voting “Against” means the voter is against implementing the AIP exactly as-is — voters may vote “Against” to encourage the author to resubmit the AIP after making changes.
Final AIP - an AIP that has completed the voting process. There are two subcategories here: Accepted and Rejected.
Implementation of Accepted AIP - the process of implementing an AIP that has been accepted by the community via a vote, based on the predetermined steps laid out in the Draft/Template and Analysis Report phases.

GENERAL GUIDELINES

Every year, there is a DAO-wide vote to determine which DAO members will serve on a special council on the LFT Foundation (the DAO’s “Board”). The purpose of the Board is to administer DAO proposals and serve the vision of the community. This initial Board will only serve six months.
A Board member may be removed and replaced prior to the term’s end pursuant to a majority vote of token holders.
The total cost of implementation must be clear in order for a proposal to go to vote.
DAO members must search past proposals to ensure any idea they intend to write a proposal for has not already been submitted.
If a suggested proposal directly conflicts with a proposal that is currently up for 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.
Proposals will not be put up for a vote if they involve illegal activity, hate speech, pornographic material, or are at odds with the mission or values of the LFT Foundation.

PreviousTHE FUTURE OF LFTCOIN DAO

Last updated 1 year ago