The first crypto DAO to be launched with a Roman rules framework. The TidusDAO is a complete decision-making flow designed to emphasize the following:
- A Gamification of the simpler tasks of DAO voting to avoid voter apathy, and a general lack of activity.
- Designed to specifically deal with whale abuse, sybil-style voting attacks, and interference from token holders in the day-to-day operations of a protocol that is hoping to transition to permanent, binding DAO governance.
- Does not use a multisig and will be enacting binding votes. This is not as free as it seems, as just like in Roman times the Consuls & Caesar rule with iron fists.
- Realistically, true freedom will not reach the Plebs until the first Consul elections. One Consul from the House, One Consul from the Senate.
- Caesar (1) is named
- Senators (9+ plus one elected by the HOUSE!!) at launch of DAO are named
- Magistrates (under construction) are named
- Tribunes (1+) are named
- Tokenomics Released
- First Votes on DAO rewards pool (Default is full rewards to stakers)
- Boilerplate Proposals implemented into the DAO for promotion to Senate, Grants, Rewards, Tokenomic Adjustments.
- Presentation & Ratification of DAO Constitution
- Finalization/Changes of Term Limits (if any changes)
TidusDAO Governance Structure
Caesar (1)The DAO starts with a Caesar to transition in 2+/- years to Consuls
Senators (9+)General Senate member. Can propose and vote on proposals.
Consuls (2)Co-CEOs, can VETO any proposal before and after debate
Tribune (1+)Veto proposals they believe are not in the House’s interest
Roman DAO Proposal Flow
The dynamics of a Roman-style DAO proposal flow are relatively straightforward with some interesting interactions between the Tribune and Senate.
First we will examine the flow from the House to the Senate:
Secondly, we examine the flow from the Senate. It is important to note that Consuls can kill proposals they don’t agree with, but cannot easily force through proposals. This is also due to the fact that you should have setup your Roman-DAO with rules that make sense. Considering a team creating a RomanDAO has probably selected Senators that they trust, it is unlikely to be helpful to have nuclear options in regards to constitutional change of a RomanDAO. It is purposefully difficult to do this without some sort of consensus. This allows the original constitution to remain in place unless there are clearly better options moving forward.
In the veto flow of the Consuls it's important to remember a Consul should be reluctant to veto their fellow Consul unless the situation is dire, and is beyond negotiation. Generally speaking any DAO should be able to rectify the issues of the day with other available Roman-style DAO mechanics. Vetoing a Consul and triggering a Caesar election should only be used as a last resort, or with a solid plan moving forward.
Coming Soon. $TIDE
$TIDE Tokens can be staked in order to earn fees generated from staking through Tidus wallet. Staking $TIDE earns you 20% of the total rewards across all chains. All rewards will be paid out in $TIDE.
Example: Lido pays 5 DAI for every 1 ETH staked, for every 1 ETH staked 1 DAI would be added to the rewards pool.
$TIDE must be staked for a minimum of 7 days before it can be withdrawn. $TIDE must be staked for 30-days in order to claim rewards.
On the 28th Day of each 30-day cycle, the Rewards pool will convert all rewards into $TIDE at its current market value and distribute the tokens to stakers on the 30th day based on % of total eligible staking wallet.
When you stake $TIDE you will receive $vTIDE 1:1. $vTIDE can be used for DAO governance voting.
The RomanDAO framework as written by @bob_hlbok on Twitter
You can find more information on the genesis of this idea at harambe.substack.com
Bob write IV parts on the Roman Rules of Crypto: