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Constitution

This is a living document, updated as constitutional DIPs are passed. For the most up-to-date information on the constitutional proposals in effect, see Defi App's governance portal or Snapshot space.

This document, the Defi App Constitution, describes the governance structure and procedures of the Defi App DAO as defined through a series of Defi App Improvement Proposals (DIPs). The Constitution evolves as more constitutional DIPs pass.

Key Terms

  • DIP: Defi App Improvement Proposal

  • $HOME: The governance token of Defi App DAO

  • Staked $HOME: HOME tokens locked in official staking contracts

  • DAO Council: Core contributors responsible for proposal evaluation and execution

  • Vote Power: Your account's influence on voting, based on your $HOME

Section 1: DAO Formation & Authority

DIP-001 establishes the Defi App and a system for the community to vote on protocol changes, treasury actions, and integrations.

The DAO executes community decisions.

Section 2: Proposals and Voting Procedures

Proposal Types

  • Constitutional DIPs: Change core governance. Requires 1M $HOME vote power to pass.

  • Non-Constitutional DIPs: Concern upgrades, budgets, etc. Requires 500K $HOME vote power to pass.

Proposal Lifecycle

  1. Warmup (24 hours): Open forum discussion.

  2. Voting Period (5 days): Voting on the governance portal or Snapshot space.

  3. Implementation: Executed by the DAO if vote passes thresholds.

Section 3: DAO Council and Working Groups

DIP-002 establishes a DAO Council with formal authority to submit and execute proposals. The council streamlines governance by synthesizing community suggestions into formal proposals, then executing them with the appropriate working group, or functional divisions of the DAO organized by domain.

Council members submit final proposals to Snapshot. The appropriate working group executes proposals that pass. The working groups are:

  • Executive Operations, responsible for proposals such as constitutional changes, treasury allocation, budget approvals, and governance framework modifications.

  • Technical Infrastructure, responsible for proposals such as protocol upgrades, smart contract modifications, infrastructure changes, and security implementations.

  • Community Development, responsible for proposals involving strategic partnerships, marketing initiatives, community programs, and ecosystem development funding.

Community Contribution Flow

  1. Suggest ideas via Discord forums.

  2. Community Stewards review inputs.

  3. Viable ideas are escalated to formal proposals and put to a vote.

Section 4: Token-Based Governance

DIP-003 establishes governance via HOME tokens. Voting power depends on an account's HOME token staking and holding behavior.

Staking is worth 4x the voting power granted by holding liquid $HOME.

Voting Power formula: (Staked $HOME × 4) + (Liquid $HOME)

Your liquid $HOME balance is the sum of your holdings across Base and BNB Smart Chain networks.

Voting Requirements

  • Constitutional DIPs: 1,000,000 $HOME vote power

  • Non-Constitutional DIPs: 500,000 $HOME vote power

This Constitution is binding upon the DAO and evolves through Constitutional DIPs. Follow updates and participate via the Defi App governance portal or Snapshot space.

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