🔮EthereansOS Governance
Last updated
Last updated
The EthOS Organization is ruled by $OS.
$OS holders directly govern its finances and development, in an entirely on-chain, decentralized and granular way.
To learn about $OS economics, see here.
EthereansOS is the first ever Ethereum organization to be governed 100% on-chain. To be more specific, all structural changes and financial decisions are made, without exception, through the automated, unmediated execution of code via on-chain voting. $OS holders vote by staking tokens to support the options put forward by Proposals. Tokens can be withdrawn at anytime, but beware—if withdrawn before the Proposal is validated, the vote won’t count. 1 $OS Token = 1 vote.
Validation of a Proposal, and the execution of its code, depends on the type of Proposal it is. Proposal types are discussed in detail below.
Regardless of the type (OS-UP/Surveyless/Survey), both at the Root and Governance layer, all the proposals once passed automatically execute code without any reliances on anything off-chain.
EthOS organization is, as a result, the first ever organization to be truly decentralized.
Governance is done through a granular, permission-based, dual-layer system, discussed below.
This is designed to allows the team and $OS holders to govern the underlying protocol together in a secure and decentralized way (although $OS holders always have the final say); and for $OS holders to make all financial decisions independently from the team, who can’t influence such decisions at all.
The Root Layer is governed by both the Host—in this case, the Ethereans Labs development team— and token holders — in this case, $OS holders.
This is where the underlying protocol of the Organization is governed. Here, the Ethereans Labs development team can make Proposals to:
Add New development features
Upgrade the Organization architecture
Bug Fixing
To pass, all OS-UP (OS Update Proposals) must be supported by $OS holders.
Host
OS-UP
10%
15%
7 Days
9 days
Proposer
Only the Ethereans Labs development team can make Proposals at the Root Layer. However, Proposals can only pass with the support of $OS holders.
There will come a time where the Ethereans Labs team will close the Root layer and no additional proposals will be able to be made. This will ensure the protocol exists as an onchain organism that is fully decentralized and impervious to any level of control or influence.
As long as the Ethereum network exists, EthereansOS protocol will exist and function for users
Quorum
At least 10% of the current total $OS supply must be cast for a Proposal for it to be pass.
MaxCap
If 15% of the current total $OS supply is cast in favor of a Proposal, it will end immediately, regardless of what its duration was set as.
Duration
This is the period during which token holders can vote in a Proposal.
Bomb
This is the period during which a Proposal can be executed after it ends. The bomb period begins at the same moment as the duration period.
The Governance Layer is governed exclusively by $OS Holders.
This is where the finances and economics of the Organization are governed. Here, $OS holders can vote on a series of Proposals that are determined at the Root Layer, which in fact governs the structure of the Governance layer. The team has no governance powers here; only $OS holders can vote on Proposals.
A Governance Proposal can be a Survey or Surveyless.
$OS holders can vote to alter the per annum inflation rate of $OS. This is very important, and holders should account for both the inflationary and deflationary factors that influence of the $OS supply when casting their votes.
The fee rate options are: 0.5% / 1% / 3% / 5% / 8% / 15%
The current rate is 8%.
Some Factories take a fee as a percentage of the value that is transacted when clones of their model contracts are used. The FoF Percentage Fee is a fee of that fee.
The fee rate options are: 0.03% / 0.08% / 0.3% / 0.8% / 1% / 3%
The current rate is 0.08%.
Some Factories take a fee as a burn of a specified token whenever they are used. The FoF Burn Fee is a percentage fee of that fee.
The fee rate options are: 0.03% / 0.08% / 0.3% / 0.8% / 1% / 3%
The current rate is 0.08%.
The Routine Factory takes a fee as a percentage of the value that is transacted when clones of its model contract are used, including ours.
The fee rate options are: 0.03% / 0.08% / 0.3% / 0.8% / 1% / 3%
The current rate is 0.08%.
The Farming Factory takes a fee as a percentage of the value that is transacted when clones of its model contract are used, including ours.
The fee rate options are: 0.03% / 0.08% / 0.3% / 0.8% / 1% / 3%
The current rate is 0.08%.
The Farming Factory takes a fee as a burn of $OS whenever clones of its model contract are used, including ours.
The fee rate options are: 0.05 / 0.1 / 1 / 5 / 10 / 100
The current rate is 5 $OS.
Users of the Farming Factory can choose to pay either the Percentage Fee or the Burn Fee.
The Delegation Representative who wants to create a Delegation must first stake a $OS amount as insurance. If the Delegation behaves maliciously, the EthereansOS Organization can vote to ban the Delegation. If banned, the staked $OS is burned and the Delegation is detached, no longer being able to access grants reserved for Delegations.
The insurance options are: 75 / 250 / 250 / 750 / 1000 / 5000
The current insurance amount is 250 $OS.
Every time it receives ETH, the Investment Fund buys a basket of four tokens. $OS holders can vote at any time to change which tokens these are.
The current four tokens are: $GTC / $ENS / $MVI / $DPI
The Fund also buys $OS, which it immediately burns.
Once a week, the Investment Fund sells a percentage of five tokens that are currently in its portfolio for ETH. $OS holders can vote at any time to change which tokens are sold and the percentage of the holdings of each that are sold.
The current five tokens are: $GTC (1%) / $ENS (1%) / $MVI (3%) / $DPI (3%) / $USDC (5%)
$OS Inflation Rate
Surveyless
N/A
25%
N/A
FoF % Fee
Surveyless
N/A
15%
N/A
FoF Burn Fee
Surveyless
N/A
15%
N/A
Farming Factory % Fee
Surveyless
N/A
15%
N/A
Farming Factory Burn Fee
Surveyless
N/A
15%
N/A
Routine Factory % Fee
Surveyless
N/A
15%
N/A
Delegations Grant Insurance
Surveyless
N/A
15%
Investment Fund buy tokens
Survey
10%
20%
7 Days
Investment Fund sell tokens
Survey
10%
20%
7 Days
Quorum
If a quorum is set, the defined minimum percentage of the OS supply must be cast for a Proposal for it to be validated, although it can’t be executed until the duration ends.
MaxCap
If a MaxCap is set, if the defined minimum percentage of the $OS supply is cast for a Proposal, it will be validated and executed immediately, regardless of what its duration was set as.
Duration
This is the period during which token holders can vote in a Proposal.
