Equalizer’s DAO Function Is Live, EQL Holders Can Initiate Proposals In The Community
Recently, we added the DAO function to Equalizer, in order to make the development of the project more equitable, to encourage the community in a better way, and to help Equalizer go longer and healthier. Now, EQL holders can initiate proposals on Equalizer in the community, vote on proposals submitted by other community members, and work with the core team to help Equalizer develop in a direction that the community cares more about.
The cross cooperation between DeFi and DAO is the trend of blockchain industry. Projects such as Yearn, Balancer, and Sushiswap, have opened their own decentralized governance models, and their governance token holders can help make decisions on the corresponding platform. The governance tokens holders, as stakeholders, can help optimize the design of application parameters through this governance method, thereby creating a better and customized user experience, and helping to make more effective resource allocation, which will be the most powerful.
These advantages are the reason why Equalizer introduces DAO function. We have already specified the governance function plan in the development roadmap, and the rapid development of the project and the relatively limited development resources made us realized that, we need to balance the function planning of the project and the functional needs of the community, only in this way we can better coordinate the rapid development and optimize the resources allocation. Therefore, we have prioritized the launch of DAO function.
Now, the proposal voting page at Equalizer has opened. Users can click the GOV tab at the top to redirect to the governance page, initiate a proposal on community governance, or vote on existing proposals that are open to vote. We have adopted the most mainstream DAO platform, which can make our governance more secure, fair and efficient. The proposals passed by the vote will be implemented with priority.
We sincerely invite all the EQL token holders to join us, and governance Equalizer together with all your wisdoms. We work together to make Equalizer develop better and unique in DeFi.
Equalizer’s Decentralized Governance
Visit GOV page at Equalizer.fi.
Proposals are divided into Core and Community sections. Proposals initiated by the core team’s proposals will appear in the “Core” section, and the community members can vote and decide. Proposals initiated by community members will appear in the “Community” section.
To submit a proposal:
- Click the “Connect Wallet” button in the upper right corner and select Metamask wallet
- Click the “New Proposal” button
- Fill in the title, proposal content and add choices
- Select the start date on the right
- Choose the end date (please allow enough time to vote)
- Fill in the block height snapshot number (the number of votes of each address is related to the number of governance tokens at the height of this snapshot. Generally, you will need to choose the block height of the current time. If the time is too early, community members may not have enough votes to vote. The block height can be obtained by the Ethereum Blockchain Explorer)
- Click “Publish” to public the proposal
- Sign with your wallet
Note: You must have at least 1 EQL to initiate a proposal.
To vote:
- Click on the title of the proposal to enter the voting page
- Click the “Connect Wallet” button in the upper right corner and select Metamask wallet
- Click on the option you want to vote for
- Use the wallet for signature confirmation
Note: The number of votes each user can vote is calculated by the block height snapshot number specified by the proposer, and the number of EQLs at the block height snapshot number time, not by the latest blockchain state.
Join us
Website: equalizer.fi
Telegram: https://t.me/equalizer_fi
Twitter: https://twitter.com/Equalizer_Fi
