DAO Voting Procedure

How governance proposals are submitted, reviewed, and approved within a transparent decision-making framework.

  1. Purpose

This procedure establishes a structured, transparent, and decentralized decision-making process for BlockEstateDAO. It defines how governance decisions, including protocol updates, funding allocations, security actions, and structural changes, are proposed, reviewed, and approved.

  1. Trigger for Use

This procedure is initiated when a DAO member, board member, or governance participant identifies a need for a governance decision. Common triggers include:

  • Updates to DAO governance structures or policies

  • Approval of treasury allocations and funding proposals

  • Security-related actions requiring governance oversight

  • Amendments to smart contracts or DAO operations

  1. Roles & Responsibilities

3.1 DAO Board of Directors

  • Number of Members: 3 (three)

  • Appointment Method: Elected through governance voting

  • Responsibilities: 

    1. Review and approve proposals before they proceed to a vote

    2. Ensure governance integrity and enforce compliance measures

    3. Act as the final decision-maker in governance disputes if necessary

3.2 DAO Members (Token Holders)

  • Number of Participants: Open to all BESD token holders

  • Appointment Method: Any eligible token holder with staked tokens

  • Responsibilities: 

    1. Submit proposals (if eligible)

    2. Vote on governance matters

    3. Participate in governance discussions and DAO improvement proposals

3.3 Governance Proposal Submitter

  • Eligibility: BESD token holders meeting the staking threshold

  • Responsibilities: 

    1. Draft and submit governance proposals

    2. Engage with the community to address questions and concerns

    3. Ensure proposals follow the required formatting and submission guidelines

3.4 Governance Validators (Stakers)

  • Number of Participants per Vote: 4 randomly selected stakers per proposal

  • Appointment Method: Randomized selection from the staking pool

  • Responsibilities: 

    1. Independently review and assess governance proposals

    2. Cast an informed vote (Approve or Reject)

    3. Ensure proposals align with the DAO’s principles and compliance requirements

3.5 DAO Administrator (if applicable)

  • Appointment Method: Appointed by the DAO Board

  • Responsibilities: 

    1. Manage the governance platform and maintain the Snapshot voting system

    2. Oversee the publication and tracking of governance decisions

    3. Ensure compliance with voting rules and DAO governance policies

  1. Governance Process Overview

This procedure provides a step-by-step framework for submitting, reviewing, and executing governance proposals, ensuring that all changes to BlockEstateDAO’s treasury, security, and operational structure follow a transparent and decentralized approval process.

  1. Execution Process

5.1 Proposal Submission

  1. Navigate to the DAO Proposal Submission Portal on the governance platform.

  2. Select “New Proposal” and enter the required details: 

    • Proposal title

    • Description and rationale

    • Requested funding (if applicable)

    • Expected impact and benefits

    • Compliance considerations

  3. Submit the proposal for Board review and approval.

5.2 Board Review & Approval to Vote

  1. The DAO Board of Directors reviews the proposal within 7 days.

  2. If the proposal aligns with DAO objectives and is compliant, it is approved for a community vote.

  3. If rejected, the submitter receives feedback and may revise and resubmit the proposal.

5.3 Validator Selection & Voting Period

  1. Four (4) random validators from the staking pool are selected to review the proposal.

  2. The voting period lasts 72 hours.

  3. Validators cast votes as Approve or Reject.

  4. Votes are publicly recorded on Snapshot for full transparency.

5.4 Proposal Execution

  1. If approved, smart contract automation executes the decision (where applicable).

  2. Treasury allocations are processed through multi-signature wallets when required.

  3. Finalized governance updates are published to the DAO Transparency Dashboard.

5.5 Dispute Resolution & Governance Appeals

  1. If a governance decision is disputed, the DAO Board reviews the case.

  2. A re-vote may be initiated if procedural violations are found.

  3. The final resolution follows arbitration rules outlined in the DAO’s legal framework.

  1. Tools & Software Used

  • Snapshot – On-chain voting and governance tracking

  • DAO Proposal Submission Portal – For proposal creation and management

  • Multi-Signature Wallets – For secure treasury transactions

  • Governance Transparency Dashboard – For real-time visibility into governance decisions

  1. Document Access & Storage

This document is accessible:

  • On the BlockEstateDAO website under Governance Resources

  • Within the DAO Governance Portal

  • In the official DAO Documentation Repository

  1. Amendments & Future Revisions

  • This procedure may be updated through a DAO Improvement Proposal (DIP).

  • Any major changes require a Snapshot election and DAO Board approval.