👿 Governance

Sova DAO could be structured to mirror the Roman Senate, incorporating hierarchical governance with clear roles, ensuring decentralized decision-making and accountability on Ethereum. Here’s a concept:

Sova DAO Governance Framework

Consuls (Executive Leaders)

Similar to the Roman consuls, Sova DAO will have two elected Consuls, serving as co-leaders for a set term (e.g., six months). They are responsible for executing the DAO’s proposals, overseeing operations, and representing Sova in external partnerships. Consuls are elected by token holders and can be vetoed by the Senate.

Senate (Advisory and Legislative Body)

The Senate comprises experienced community members (voted in by token holders) who propose, review, and pass key governance proposals. The Senate can create committees to handle specific topics like protocol upgrades, treasury management, or partnerships. Senators hold longer terms and guide the strategic direction.

Tribunes (Representatives of the People)

Tribunes are directly elected by token holders to represent the wider community’s interests. They have the power to veto decisions made by the Senate and Consuls if they believe the decisions don’t align with the community’s vision or goals. This adds an additional layer of protection for minority voices in governance.

Voting Structure

All token holders participate in a decentralized voting system (utilizing ETH-based governance tokens) to elect Senators, Tribunes, and Consuls. Proposals are initiated by Senators but must be ratified by the wider community through a voting process, ensuring both transparency and inclusivity.

Smart Contracts for Governance

The Sova DAO will use Ethereum-based smart contracts to automate voting, proposal submissions, and the execution of decisions. This ensures trustless governance, where rules are hard-coded and actions are only executed when a proposal passes all governance layers.

Conclusion

By combining hierarchical and representative governance, Sova DAO aims to balance power distribution, emulate the checks and balances of ancient Roman political structures, and operate as a decentralized, fair, and robust Web3 organization on Ethereum.

Sova DAO will use CAT20 tokens for governance, modeled after the Roman Senate’s political system, with governance on Ethereum. Senators (token holders) will participate in voting, proposing, and making key decisions, while junior members (non-token holders) will have limited rights, similar to the Roman plebeians. Governance will rely on CAT20 token staking, granting voting power proportional to the tokens held. The system ensures decentralized and transparent decision-making with Ethereum smart contracts for all transactions, creating a modern, blockchain-based approach to a classical governance structure.