Voting Proposals

Anything affecting MetFi DAO can be proposed to be put up for a vote. Votes can be proposed by any Discord member that is also a community member in the official MetFi Discord channel and if the proposal gets significant support via e.g. emoji responses (yes or no) in favor then the proposal can be created by the DTF and posted on Snapshot for a community vote as soon as it is reasonably possible to do so.

Official votes can only be set up by an appointed MetFi DAO DTF member that has been elected.

Daily tasks such as parameter changes should not be voted upon. If the community is not satisfied with the parameter changes that are being made, or some of the other tasks that need to be performed daily to keep the MetFi ecosystem operational they should veto any MetFi DTF member that they believe are not satisfactorily executing the role of a DTF member.

MetFi DAOs ecosystem is incredibly complex and seemingly very minor parameter changes can have a dramatic knock-on effect on many different parts of the protocol and ecosystem. Only a person with a very deep understanding of the entire ecosystem and the impact that each parameter change will have on every other part of the ecosystem should be granted permission to perform parameter changes.

There may be tasks that need to be performed without public announcement to avoid front-running. Such tasks may include buying and selling of assets, providing and removing additional liquidity, or new exchange listings.

There should be very careful consideration of whether or not the community should vote on these particular tasks as they carry enormous consequences that could negatively impact the performance of the DAO.

For example, if a proposal was put up on whether or not to sell a particular token that the treasury holds, and the vote ran for the minimum 3-days, MetFi would be giving the general public advance notice of its intention to sell which could trigger a sell-off of the token before MetFi is able to act, effectively lowering the token price which would result in MetFi not realizing the profits that it would have realized if it was able to sell the token discreetly, without the prior approval of the DAO.