Earnings for TEC Viva Dao Harmony
Trading within the protocol owned liquidity pools will collect 50% trading fees for users that vote within DAO supported proposals. Trading fees will be converted to $TEC and sent to the DAO fund for governance administration. Fees collected will be distributed shortly after the conclusion of each proposal. In order for a TEC Viva Dao proposal to qualify for distribution, the proposal must meet quorum requirements.
Voting on the TEC Viva DAO
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1 $TEC = 1 voting power
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In order to vote, users require a voting power of 600 $TEC
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Submitting proposals require a voting power of 3000 $TEC
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Only protocols submitted by the TEC Viva DAO are eligible for distributions
DAO Dashboard
The TEC VIva Dao dashboard can be accessed at this address: TBA
Submitting Proposals
If you wish to gain protocol or community support for your proposal, you may submit a draft within the Discord governance channel. The submission of proposals require a voting power of 3000 $TEC. These votes are non-binding. If quorum and support is achieved, the proposal will be automatically upgraded to a TEC Viva DAO proposal and resubmitted for voting with distributions.
Please adhere to the following format:
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Link to Discord thread discussion.
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Summary (rationale, timeline, goals, risks, effects)
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End time of a proposal should not be longer than 30 days from its starting time.
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Proposals that do no comply to this format will be removed.
DAO Votes
There are three types of votes.
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Parameter votes which can modify pool parameters. The votes require a 10% quorum with 30% support.
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Protocol votes which can control most functionality within the protocol. These votes require a 15% quorum with 51% support.
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DAO votes which can control the release of additional circulating supply from the reserve, new protocol liquidity pools, and special interest DAO fund distributions. These votes require a 20% quorum with 51% support.
Quorum = total voting power of the circulating supply (Current circulating supply is 200,000 $TEC)