From 3446d206102010a0232ad63c90be132986a2d79f Mon Sep 17 00:00:00 2001 From: Buns <68980965+BunsDev@users.noreply.github.com> Date: Mon, 19 Sep 2022 22:26:38 -0500 Subject: [PATCH] Update dao-spec.md --- src/Meiji/dao-spec.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/src/Meiji/dao-spec.md b/src/Meiji/dao-spec.md index ad6ef3b..bfee399 100644 --- a/src/Meiji/dao-spec.md +++ b/src/Meiji/dao-spec.md @@ -4,15 +4,15 @@ The Meiji DAO is Sushi's latest iteration, combining decentralized governace wit ## Overall Design -The Sushi Meiji DAO will be replacing legacy govnerance structures, and so to do this many adaptions will be needed. +The Sushi Meiji DAO replaces legacy governance structures. ## Description ### Membership -- Meiji DAO Contracts will allow entrance into the DAO by locking up SUSHI and granting shares according with `Shares granted = sqrt(SUSHI Locked up) / log(sqrt(Total Members))` +- Meiji DAO requires a lock-up of SUSHI for entrance -- subsequently granting shares as follows: `Shares granted = sqrt(SUSHI Locked up) / log(sqrt(Total Members))` - An Initiation Period then begins after locking up SUSHI until you realize the voting power from the gained shares, of double the voting period. -- Each Member of the DAO will have a voting weight assosiated with them, an exile status (if they've been kicked out nulling their voting power), and a public key assosiated with their voting. +- Each Member of the DAO will have a voting weight associated with them, an exile status (if they've been kicked out nulling their voting power), and a public key assosiated with their voting. - A vote can be started to exile a Member, requiring quroum and a 70% majority. - Exiled members can leave claiming their SUSHI, but cannot rejoin. - Ragequit will always be an option to forfeit voting power to claim underlying SUSHI