Governance

On-Chain Community Governance

Quota’s on-chain community governance is inspired by the governance models of both Compound and the Olympus DAO.

Quota’s governance has 2 points of authority;

• Watcher A fork of what is usually referred to as a Guardian. The Watcher is controlled by the protocol team, and exists as a temporary means of protection used to prevent any potential malicious attacks and exploits.

• GovernorPrime The main governance module of the Quota protocol;Controlled completely through on-chain community governance, which is a fork of Compound’s very own Governor Alpha, which is a decentralized voting system that allows protocol owners and stakeholders to hold discussions, votes and amendments trustlessly over the blockchain.

Watcher Role

The Watcher has the ability to pause any transaction in any wallet for a period of 72 hours in order to notify the community and create a proposal to discuss further actions against any flagged suspicious transactions.

GovernorPrime Role

Specifically, the GovernorPrime will have full control and ownership of all the smart contracts and any upgradeable proxies. This means that any user that meets the minimal requirements can make and vote on proposals to upgrade the proxies and improve Quota’s ecosystem.

Core Functionalities

• Proposal creation

• Voting on proposals(Contract:GovernorAlpha;Ref:Compound)

• Counting of votes

Voting power is calculated based on the voting power an individual has at the time that the proposal was made. This means any AAS that occurs after the proposal is made will not count towards the voting power an individual has.

A DAO token will be released within the first 30 days of initial fair distribution as the governance token; to govern ALL elements of the 4.0V2 token and Quota’s ecosystem. This fully decentralized on-chain community governance system will have multiple SubDAO intended to govern other operational elements of the Quota ecosystem, including but not limited to the AccelDAO.