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Dabba DAO
The Dabba network's end goal is to construct a cost-effective, scalable, Decentralized Physical Infrastructure Network (DePIN) that enables decentralized connectivity. However, true decentralization is unattainable if the entire setup leans on a single entity, such as Dabba Inc. For this vision to truly materialize, the community must rise as the protocol's custodians.
The Dabba Foundation's principal mission is to supervise and direct a measured transformation of the Dabba Network. It aims to shift from an existing centralized model to a truly decentralized paradigm, where governance vests in the hands of a democratic body — a Decentralized Autonomous Organization (DAO). Comprising DABBATOKEN token holders, this DAO will govern the network, ushering in an era of decentralized internet governance by the community.
Subsequently, as the infrastructure solidifies and community comprehension deepens, the Foundation will gradually relinquish its role, transferring governance control to the DAO.
Upon the transition of control to the DAO, governance responsibilities will be entrusted to holders of the $DABBA tokens. The process of staking these tokens will yield vote-escrowed veDABBA tokens, with the voting power of each token being contingent upon the length of time the $DABBA tokens have been locked.
DAO members are empowered to propose enhancements and modifications through the initiation of Dabba Improvement Proposals (DIPs). All such proposals will be cataloged in github. The veDABBA token holders will be allowed to exercise their voting rights to select the most promising proposal. Each proposal will detail the suggested amendment and the corresponding financial requisites. Should a proposal accrue the necessary vote threshold, the required funds will be released from the treasury, and the development phase will commence. The voting threshold is predetermined by the DAO.
Furthermore, veDABBA holders can delegate their voting authority should they lack sufficient voting power. This strategic measure enables smaller stakeholders to consolidate their influence, thereby fostering a more inclusive governance model within the DAO. It should be noted that delegation of voting power is an all-or-nothing affair; a wallet may delegate 100% of its voting power to a single other wallet at any given time. Although the operation can be revoked at will, a 24-hour cooling-off period is mandated before delegating voting power to a different wallet.
More details on the DAO to come soon.
Last modified 1mo ago