Overview

This is an overview of the governance structure of OpenR&D
OpenR&D is operated as a decentralized autonomous organization or a DAO. For it to be decentralized, the protocol will be governed with the use of tokens and voting thresholds to advance proposals. The DAO is built on top of Aragon OSx.

Why is OpenR&D formed as a DAO?
  1. 1.
    Decentralization: The OpenR&D DAO is designed to distribute the governance and decision-making among the protocol contributors rather than relying on a centralized entity. The emphasis on decentralization can ensure the continuity of the protocol development process while reducing the risk of manipulation or control by a small group.
  2. 2.
    Transparency: By operating as a DAO, OpenR&D ensures that all processes and votes are recorded on-chain without the risk for them being tampered. All decisions, transactions, and changes to the DAO are publicly visible to promote accountability among the contributors of the platform.
  3. 3.
    Trustless Collaboration: With the transparency OpenR&D brings as a DAO, contributors and Verified Contributors will be free to collaborate seamlessly. The governance and voting parameters are encoded directly in the smart contracts to ensure smooth execution among all parties.

Governance Token
OpenR&D uses its own native governance token to enable holders to participate in the decision-making process of the organization or platform.
Token name: TBD
Token supply: TBD
Token address: TBD
This token can be earned by being an active member on the OpenR&D platform.

Verified Contributor
One of the ways to earn this token, is by becoming a Verified Contributor. This is an ERC721 token that showcases you have been a good member in the OpenR&D platform. It is granted on a case by case bases, based on a DAO vote.
Find out how to apply to become a Verified Contributor here
The DAO making this decision is the OpenR&D Management DAO. This DAO consists of Verified Contributors chosen as representatives by the OpenR&D DAO. The OpenR&D DAO can vote at any time to add or remove members from the management DAO. The goal of this management DAO is to not inconvenience all OpenR&D members to vote on expected high quantity, lower risk decisions.

Voting Parameters
Voting parameters in a DAO are the configurable settings that define how the voting process operates within the organization. These settings play a critical role in striking a balance between the minimum support threshold – the essential vote percentage for a proposal's approval – and the minimal participation rate to ensure that proposals garner enough votes for consideration.
To learn more about the voting procedures and parameters, check out the Voting Process page