🏛️DAO

This governance structure prioritises the Council's responsibility to propose changes and initiatives that are in the community's best interest. One crucial element of the governance structure will be a frictionless voting system that makes voting easy and accessible to all members of the community. The mechanics of the voting system are still being evaluated but the structure prioritises efficiency and adaptability in anticipation of a rapidly changing regulatory landscape. Decentralisation is a key objective for any platform or protocol aiming to establish a representative ecosystem. This approach encourages community-led decisions, enhancing long-term robustness. While Legion Ventures aspires to decentralise through self-operating smart contracts, achieving this fully may take time. Balancing decentralisation with efficiency is vital to preserve the decentralised spirit of the platform or protocol while ensuring its effective operation.

As A16Z noted:

“As DeFi and NFT communities grow enormously in size, how to govern decentralized protocols takes on added importance. Now and over the next few years, one of the most immediate challenges facing these communities is to figure out governance — the act of managing collective decision-making in order to optimize funds and operations”

The governance model emphasises the Council's role in suggesting changes and initiatives aligning with community interests. A key feature will be an effortless voting system, designed for ease and accessibility for all community members. The voting system's mechanics are under review, focusing on efficiency and flexibility, especially considering the evolving regulatory environment. The NFT holders will govern the DAO.