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DAO

The Nation3 DAO is an Aragon DAO with:

  • Two Agent app instances: One — called just Agent — is meant to hold funds and control non-sensitive actions, and the other one — called Critical Agent — is meant to control extraordinary or sensitive actions, such as minting new $NATION or making significant changes to the DAO itself.
  • Two Voting app instances: One per Agent app. The first one is governed by $veNATION holders with simple majority voting, and the other with supermajority (66%) and a minimum quorum (20%). The latter is the one used to decide on sensitive actions. More on its parameters can be read on Nation3's governance process.

Here's a breakdown with the permission structure:

What's currently governed by the DAO​

  • Via the normal Agent instance:

    • Its treasury, consisting of most of $NATION's initial supply
    • The MerkleDistributor smart contract used for the tweetdrop
    • The PassportIssuer smart contract that will be used to mint and burn passports
    • The BoostedLiquidityRewards smart contract used to distribute liquidity rewards

  • Via the Agent (veNATION supermajority) instance:

    • The $NATION token (the DAO can decide on the minting schedule, or cap the supply)
    • Its own voting parameters and other key DAO parameters
flowchart TD DAO[Aragon DAO] -->|Has| A1{Agent with simple majority} DAO -->|Has| A2{Agent with supermajority} A1 -->|Governs| GOVERNED subgraph GOVERNED[ ] MerkleDistributor PassportIssuer BoostedLiquidityRewards end A2 -->|Governs| NATION[$NATION minting]

Who is the initial proposal committee​

  • Luis Cuende: Nation3 core contributor, previously founder of Aragon.
  • Carlos Juarez: Nation3 core contributor, previously founder of Guesser (acquired by Gemini).
  • Uxio Piñeiro: Nation3 core contributor, smart contract developer.
  • Anastasiya Belyaeva: Nation3 core contributor, previously founder of Fabric Ventures.