Governance

Pocket Network is a pioneer in a new era of democratically-governed digital public goods. Our Decentralized Autonomous Organization (DAO) means that you, our community, will control all aspects of our protocol and ecosystem.

Pocket uses off-chain governance because it’s the most flexible and future-proof way for us to organize our DAO. For more on our reasoning behind this, check out our Lean Governance Thesis.

To learn how to earn a vote in the DAO and decide the future of Pocket Network, see the section on trophies.

Info

You don’t need a vote in the DAO to submit proposals or participate in discussions! Everyone is free to share their opinions. Head over to the forum to see what decisions are being debated.

To learn how to submit a proposal to the DAO, see the section on proposals.

All approved decisions get submitted to the blockchain by the Pocket Network Foundation, which is fully accountable to the DAO. To learn more about how this is, read the DAO Constitution and the Foundation’s Articles of Association.

Proposals

Submitting proposals to the DAO is pretty easy and anyone can do it.

There are 3 types of proposals:

  • PIP: Pocket Improvement Proposal
  • PEP: Pocket Ecosystem Proposal
  • PUP: Parameter Update Proposal

Posting your proposal to Discourse puts it up for consideration and debate by the DAO. To kickstart a vote, you need a voter to submit it to our governance dashboard on your behalf.

PIP – Pocket Improvement Proposal

Pocket Improvement Proposals (PIPs) include any proposals that aim to level up the Pocket Network ecosystem, through:

  • Upgrading the Pocket Network protocol
  • Upgrading the governance of the DAO and the Pocket Network Foundation
  • Adding/removing permission holders within the existing governance structure of the DAO

PIP votes will last 7 days and pass with Majority Approval (50% yes votes by participating voters) unless otherwise specified in the Constitution.

To submit a PIP, head to the forum here, then click New Topic to generate a template for your proposal.

PEP – Pocket Ecosystem Proposal

Pocket Ecosystem Proposals (PEPs) include proposals to distribute funds to or form agreements with Contributors to the Pocket Network ecosystem, in the form of:

  • Imbursements – payments for future work
  • Reimbursements – compensation for previous work
  • Bounties – rewards for work that don’t yet have specified workers
  • Transfers – transferring funds between DAO-owned accounts
  • Agreements – forming new DAO relationships, including non-financial in nature
Info

How is the DAO funded?

The DAO earns continuous revenue in the form of the DAOAllocation, which is a % that the DAO receives for every RelaysToTokensMultiplier minted in the block reward. This is proportional to the number of relays being processed for app developers, which means the more traction Pocket Network gets, the more wealthy the DAO becomes!

PEP votes will last 7 days and pass with Majority Approval (50% yes votes by participating voters) unless otherwise specified in the Constitution.

To submit a PEP, head to the forum here, then click New Topic to generate a template for your proposal.

PUP – Parameter Update Proposal

Parameter Update Proposals (PUPs) include any proposals to modify the value of the protocol parameters.

PUP votes will last 7 days and pass with Majority Approval (50% yes votes by participating voters) unless otherwise specified in the Constitution.

To submit a PUP, head to the forum here, then click New Topic to generate a template for your proposal.

The following parameters are delegated to the Foundation to manage the parameter on the DAO’s behalf: