Panda currently has no governance model for its holders, it is still fully controlled by the Bao community.
The deployment of the governance model has been delayed for a while and since there is support for BSC on Snapshot we should set this up for our community.
Having the DAO register an ENS name to be used for Snapshot, for example, pandavotes.eth
This is a necessity to get a Snapshot governance page for Panda up and running.
Weights voting power
For the governance the following would be implemented.
- Panda holders – 25%
- Bamboo holders – 25%
- Rhino holders – 250%
- Locked Panda – 33%
- Panda/WBNB – 100%
- Bamboo/WBNB – 100%
- Rhino/WBNB - 1000%
This way we follow Bao governance, however there are some adjustments in the voting power weights (check the percentages).
The strategy to determine the voting power will be erc20-balance-of based on a special contract similar to Bao and the Polly Finance governance. This strategy is already standard available on Snapshot.
For Polly Finance we now have deployed a working option without the help of our maintainer and smart contract galaxies. Meaning no time has been consumed from them, so they can focus on their work.
Since all tokens are on chain we don’t need to be dependent on external sources, this is what I initially thought. We will deploy this proposal to the BSC over the weekend of 30/31 of October.
Expectation from the community:
In case you don’t agree with the above proposal we expect you to voice your thoughts by having:
- Discussion on the proposed tokens for voting.
- Discussion on the vote weightings.
- Anything else that comes to mind
To grant all contributors to the Panda platform including Bao a voice in our governance process.
None! We removed the limitation based on subgraphs, by using a special contract similar to Bao instead.