Governance

EnviDa DAO

DAOs

A DAO is a community that’s owned and managed by its members. They are an effective and safe way to work with like-minded folks around the globe.

Think of them like an internet-native business that's collectively owned and managed by its members. They have built-in treasuries that no one has the authority to access without the approval of the group. Decisions are governed by proposals and voting to ensure everyone in the organization has a voice.

On-Chain Governance

Early blockchains had no formal governance procedures. Individual stakeholders were powerless to propose or veto protocol changes unless they knew the right people. EnviDa is different. It is governed by the developers privately-owned economies, Each to their own native currency, in a fair and transparent way. All On-Chain holders can propose a change to the protocol or vote on existing proposals. They can also help elect council members who represent passive stakeholders within Polkadot’s base governance system.

EnviDa is purpose built to power privately-owned permissioned economies, it restricts access in terms of who can perform various actions on a blockchain. Transactions are validated and processed by those who are already recognized by the ledger and some level of pre-existing trust is assumed and proven. The internal mechanics of a permissioned blockchain can vary, from existing participants serving as a type of administrator who decides on the inclusion of future entrants to simple observers, but essentially a permissioned blockchain can’t be accessed by the public.

We do have plans in the future to do a public chain. However, chains running on EnviDa can decide their own, preferred governance model.

Transparency

Transparent Governance

Early blockchains had no formal governance procedures. Individual stakeholders were powerless to propose or veto protocol changes unless they knew the right people. SugarFunge is different. It is governed by the developers privately-owned economies, Each to their own native currency, in a fair and transparent way. All On-Chain holders can propose a change to the protocol or vote on existing proposals. They can also help elect council members who represent passive stakeholders within Polkadot’s base governance system.

Governance Roles

Council Members

Elected to represent passive stakeholders in two primary governance roles: proposing referenda and vetoing dangerous or malicious referenda.

Technical Committee

Composed of teams actively building Polkadot. Can propose emergency referenda, together with the council, for fast-tracked voting and implementation.