Aragon DAO
Last updated
Last updated
PieDAO is originally based on the Aragon Dandelion Template. DOUGHv1 was the original non-transferable governance token of the organization.
Following PIP-12, DOUGH started migrating to DOUGHv2 at will, with a rate of 1 DOUGHv1 per 1 DOUGHv2. During the migration, governance has been migrated to pie-crust, a module that calculates the voting weight of holders based on the sum of DOUGHv1 and DOUGHv2 both.
Vote weight = (DOUGH+DOUGHv2)
Following PIP-60 and the introduction of Governance Mining, veDough becomes PieDAO's Governance Token, and voting will be exclusively done through Snapshot.
Vote weight = veDough
More about Governance Mining here.
Parameter
Description
Value
Support
Relative percentage of tokens that are required to vote “Yes” for a proposal to be approved. For example, if “Support” is set to 50%, then more than 50% of the tokens used to vote on a proposal must vote “Yes” for it to pass.
60%
Minimum Approval
Percentage of the total token supply that is required to vote “Yes” on a proposal before it can be approved. For example, if the “Minimum Approval” is set to 20%, then more than 20% of the outstanding token supply must vote “Yes” on a proposal for it to pass.
10%
Vote Duration
Length of time that the vote will be open for participation. For example, if the Vote Duration is set to 7 days, then token holders have 7 days to participate in the vote.
3 days