The overarching governance channel for all current and future sub-groups/special interest groups (SIGs)
As DeFiChain is preparing to move to the next era of decentralization with governance powered by the community, the goal moving forward is to grant extra executive authority and power to execute commands that alters the chain parameters and other governance-related variables.
The role of the Execution SIG is to take on the responsibility of executing commands on behalf of the other SIGs. This SIG does not have any powers on deciding the chain parameters and is merely an executor
Core Responsibilities: Promoting the ecosystem, organizing campaigns, creating content, attracting partnerships, and onboarding new users. Key Deliverables: Growth metrics, social media engagement, and community outreach.
Determines which tokens are allowed as Decentralized Asset Tokens (DAT) and which should be deprecated. This SIG also manages DEX prices, vaults, and related components
Responsible for timely updates and price feed availability for current and future DATs, ensuring that the price does not deviate significantly from the expected range.
Core Responsibilities: Supporting code changes, implementing improvement proposals (DFIPs), and providing technical input. Key Deliverables: Code development and audits, DFIP implementation timelines, and development sprints. Oversees tools like Blockscout and Defiscan. Its operations are entirely self-contained and do not require on-chain decisions. Manages the Light Wallet app, its publishing, and maintenance. It also oversees the desktop wallet.
How SIGs Will Operate The operational structure of Special Interest Groups (SIGs) within DeFiChain introduces a clear separation between decision-making and execution. While SIGs are empowered to make crucial decisions within their designated areas, they do not have the authority to execute those decisions on-chain. Instead, execution powers are reserved for Governance members, a group within DeFiChain's hierarchy responsible solely for implementing decisions, without having influence over the content of those decisions.
Each SIG operates independently, deciding its internal structure. Whether a SIG chooses to have a lead or not, or how it manages appointments and resignations, is entirely up to the group. These decisions are not dictated by higher authorities in DeFiChain but rather determined within each SIG’s governance.
One of the key procedural elements for all SIGs is the concept of quorum— the number of participants required to validate decisions. Collectively, SIGs will define a universal policy outlining what constitutes quorum (M out of N members), ensuring consistency across the ecosystem. Once quorum is reached, the SIG can tag an issue for execution by a Governance member on GitHub. At this point, the Governance member’s role is purely administrative; they execute the decision without influencing or questioning the outcome.
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