Everscale launches Ever DAO for project governance; all EVER holders can vote

The DeFi Alliance has launched Ever DAO, through which EVER holders—the native token of Everscale—have gained the ability to participate in decisions about the project’s development.

To vote, you need to wrap EVER into токены wEVER and send them to a dedicated staking contract on на официальном сайте ДАО. There are no limits on the voting stake. To publish a proposal you must hold at least 100 000 wEVER, and for it to be adopted — gather ‘for’ votes totaling at least 500 000 wEVER.

According to official data, the decentralised organisation already has around 180 voting addresses, and the total amount of wEVER staked has surpassed 13.3 million tokens.

The first proposal, вынесенным for voting, called for ending Everscale’s partnership with World of Dogs and QuickAppNinja, as well as conducting for wEVER holders an airdrop of the QUBE token — the future governance token of the decentralised exchange FlatQube, which operates on the Everscale blockchain. As of publication, the proposal is supported by around 99% of votes.

Since Everscale’s 2020 launch (then — Free TON) its governance system has consisted of two levels: the Founders’ Council (Governance) and the so-called Subgovernments (Subgovernance), formed by active community members across various areas of work.

These teams put forward proposals to run contests, in which they propose to solve various tasks. Anyone can participate in a contest. Winners are chosen through on-chain voting and rewarded with native Everscale coins. The Founders’ Council also approves partnerships, votes on strategic issues, and allocates funds for the work of the subgovernments.

In interview with EverKit portal, Broxus founder Sergey Shashev (part of DeFi Alliance) described the new DAO as “Governance 2.0”. According to him, the Ever DAO creators are in talks with Everscale’s founders to make the voting results in the new service equivalent to Governance decisions.

It is expected that the founders will, among other things, sign transactions from giver-wallets, where the initial EVER supply is held, if implementing a DAO decision requires funds.

Shashev described the aim of the decentralised organisation as raising the quality of Everscale governance:  

‘Instead of endless, odd back-and-forth chatter in the community chat, channel all this energy into constructive work. Learn to express your point of view, to formulate proposals, primarily toward one another. Learn to lobby. And overall the level of work on community proposals will rise.’

The new project is a continuation of a major reform of Everscale, begun in November 2021. Following its launch, besides the rebranding, the Everscale community burned more than half of the total EVER supply, and launched programs for granting distributions to startups and for attracting major investments to the project. In February, Everscale presented a roadmap for 2022.

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full-feed of news, ForkLog — the most important news, infographics and opinions.