DAO governance
On-chain DAO-driven decentralized autonomous framework
🛡️ EBN Governance: A Decentralized Autonomous Framework Driven by On-Chain DAO
The long-term healthy development and core parameter regulation of the EBN platform are driven by a governance system based on DAO (Decentralized Autonomous Organization) architecture. This framework stratifies and delegates decision-making power to the community, ensuring the platform's evolution is transparent, traceable, and censorship-resistant. All core processes are automatically executed through on-chain smart contracts, thereby building a self-driven Bitcoin Layer 2 financial network.
1. Membership and Governance Weighting
EBN's DAO governance model centers on Staked Equity, constructing a hierarchical and dynamic membership system.
Governance Point Accumulation: Any user who stakes EBN tokens on-chain automatically becomes a DAO member. Voting weight is not simply determined by staking amount, but calculated as governance points through a composite model of staking quantity and lock-up period. This incentivizes long-term commitment from community members.
High-Level Member Authorization: To enhance decision-making efficiency and professionalism, the top 10% of core token holders by governance points can apply to become "Proposal Initiators" or "Supervisor Nodes". These high-level members enjoy reduced proposal thresholds and review authority over execution results, enabling specialized decentralized governance.
2. Proposal Lifecycle and Transparency
EBN's proposal process is designed as a structured, anti-malicious on-chain agenda, ensuring all major decisions undergo thorough community review.
Proposal Submission and Margin Mechanism: Initiators must stake a minimum of 1,000 EBN as performance bonds. Smart contracts conduct formal and compliance verification. If a proposal is rejected due to malicious intent or obvious unreasonableness, the bond will be partially or fully confiscated to curb spam proposals.
Public Comment and Pre-Review Period: Proposals enter a public comment period of at least 72 hours for full community discussion and revision suggestions. When necessary, the platform's Technical Committee and Risk Committee may intervene to provide non-binding professional review opinions, offering risk references for voters.
3. Voting Protocol and Consensus Threshold
EBN adopts precise metrics to ensure the authority of voting results and the validity of majority consensus, effectively preventing low-participation "oligarchic" decisions.
Voting Weight and Real-Time Updates: Members cast on-chain votes (For/Against/Abstain) using their accumulated governance points. All voting activities are recorded on-chain in real time with updated voting ratios, ensuring transparency.
Dual Quorum Threshold: Proposals must meet the following two conditions to pass, ensuring decisions are both representative and reflect overwhelming consensus:
Quorum: At least 20% of the total staked governance points must participate in voting.
Majority: Support votes must account for ≥ 2/3 (66.67%) of total votes.
Pass Condition = (Participation Rate ≥ 20%) ∧ (Support Rate ≥ 2/3)This mechanism effectively balances participation and opinion concentration.
4. Execution Contract and Accountability
Once a proposal is approved, the DAO governance contract automatically triggers execution, achieving trustless relay and final accountability for results.
Automated Execution: After voting results meet the passing criteria, the governance contract locks the outcome and automatically invokes corresponding functional contracts (e.g., updating protocol parameters, disbursing ecological funds, or deploying new modules). This eliminates manual intervention and execution delays by centralized teams.
Supervisor Nodes and Review Authority: For proposals involving significant risks, the system sets a default 14-day supervision period. High-level Supervisor Nodes have the right to initiate review proposals during this period. If execution deviations or malicious consequences are identified, a second vote can determine whether to maintain or revoke the execution, establishing a multi-layer isolated security architecture and final accountability mechanism.
Through the combination of technology and institutions, this DAO governance framework ensures EBN can respond to community needs and iterate in a sustainable, transparent, and secure manner, truly realizing decentralized autonomy for the Bitcoin L2 ecosystem.
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