Level Finance

DAO Proposals

The LEVEL DAO preliminarily focuses on the following topics:
  • All expenditures, including engineering, are submitted to, and approved by the DAO
  • Treasury functions, partnerships, and incentive programs - are submitted to, and approved by the DAO
  • Nominate contributors
    • Anyone can petition the DAO to engage new contributors, advisors, community members, or professionals, so long as it is in the interest of the majority
    • Our vision is to have a lasting and strongly aligned community continually working toward the improvement and expansion of LEVEL
  • Fees, features, and functionalities - the DAO will propose, control and approve:
    • Trading fees
    • Fee distribution
    • The listing of additional crypto assets
    • Integration of new asset classes (forex, indices, synthetics, commodities, etc.)
    • Cross-chain expansion opportunities
    • Other features that are integral to the platform's success
  • Security - although a priority from the outset of the platform, as LEVEL grows, security will continually increase in importance. The DAO has complete oversight over current and future bug bounty programs and security audits - the cornerstones of operational security.
  • Other topics or matters that are of operational and/or strategic importance
Through governance proposals, the LEVEL DAO has control over all parts of the LEVEL ecosystem. The flow of governance proposals is as follows:
  • Forum posts are created on the LEVEL Governance Forum
    • Open to the public for deeper discussion and community feedback
  • Once a proposal reaches quorum, it is formally raised on the LEVEL DAO Proposals site as a Level Improvement Proposal (LIP)
  • Voting time may vary depending on the topic