The yAxis DAO: A Look At Our Future Governance

yAxis DAO Bylaws

The Important Bits

  1. Project organization is as follows. Like the rest of the bylaws, the community can vote to change this but it is our current organizational structure. The structure and bylaws took a hybrid approach that leaves us with a project team that remains nimble and ready to tackle the rapidly evolving landscape.
  2. We outline the ethos of yAxis and set expectations that the project is a friendly, accessible and transparent organization that is accepting of all races, genders or other classes.
  3. Establishes a communication strategy by which the DAO Council is kept apprised of project tasks, resourcing, schedule and budget. The bylaws also outline how the DAO Council provides updates to the community, when there are updates to provide. The goal is to have a minimum of weekly intervals for community updates.
  4. Outlines the process for nomination and ratification of yAxis Improvement Proposals (YIP). This enables a DAO investor’s right to participate in a governance process. The DAO Council, as elected officials, will provide a layer of quality control and certification for potential YIPs. They will lead community discussions in the official yAxis forums to gather broad community feedback and consensus before certifying a YIP for a vote.
  5. Other roles and responsibilities, both for the DAO Council and yAxis Champions are outlined in the bylaws, but are not comprehensive. This provides foundational expectations for all paid contributors and DAO Council Representatives.

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