In today's rapidly changing digital currency world, community autonomy and protocol decentralization are increasingly important. To achieve this goal, SUN.io decided to introduce SUN DAO, a governance mechanism designed to promote consensus among all participants. This article will delve into the background, operating process of SUN DAO and the key role of SUN tokens in it.
Background of SUN DAO
The establishment of SUN DAO is based on a core concept: promoting community governance and collaboration. This decentralized protocol aims to achieve community autonomy through a series of governance mechanisms. The main goal of SUN DAO is to ensure that all participants in the SUN.io ecosystem can reach consensus through an effective governance mechanism.
Protocol functions: The security elements of SUN DAO mainly include protocol functions and SUN tokens. These functions cover community participation, incentives, self-regulation and policy management. Through on-chain proposals, SUN DAO can operate, manage and develop independently according to predetermined rules, maximizing efficiency without the intervention of a third party.
The key role of SUN token
In the governance process of SUN DAO, SUN tokens play a vital role. The goal of the SUN token economy is to promote the healthy and sustainable development of the SUN.io ecosystem and ensure that stakeholders and investors benefit under a more secure and reliable protocol framework.
Holder Responsibilities: Users holding SUN tokens bear important responsibilities for the protocol and ecosystem. They contribute to the protocol through concrete actions, which are critical for execution, security and functionality. The SUN token is designed to incentivize holders to actively participate in governance and ensure the stability and continued innovation of the protocol.
SUN DAO’s governance process
The governance process of SUN DAO is mainly carried out through proposals. These proposals can support new markets or add entirely new functionality to the protocol. In the preliminary stage, any governance ideas can be proposed and discussed on the SUN DAO forum. If there is no dispute during the discussion, any user holding more than 30 million veSUN tokens can call the contract to create a proposal, and other users can participate in voting.
Implementation of proposals: A proposal can only take effect if it receives more than 90 million support votes and more than 10 million opposition votes. Once the proposal is approved, implementation will take place two days later. The veSUN token enables holders to collectively act as stewards of the protocol, allowing them to vote and propose changes.
Steps in the proposal process
Discuss proposals on the SUN DAO forum.
If there is no objection, users holding more than 30 million veSUN tokens can create proposals.
Other users participate in voting, and the proposal needs more than 90 million support votes to pass.
After the proposal is approved, it will be implemented two days later.
Long-term development of SUN DAO: SUN DAO was established to promote the development and long-term governance of the SUN.io protocol. Our goal is to establish a future-oriented governance framework that relies on systemic incentives and multi-level governance to create an effective balance and promote the long-term growth and continuous optimization of the protocol.
Conclusion
In summary, the launch of SUN DAO is an important step towards decentralization and community autonomy for the SUN.io ecosystem. Through the incentive mechanism of SUN tokens, all holders can become an important part of the ecosystem and collectively promote the development and prosperity of SUN.io. With the gradual improvement of the governance process, we expect SUN DAO to bring more opportunities and challenges to users in the future.