TLDR:
The Core Contributors propose an update to the current constitution, introducing a new version that better aligns with the evolving goals of Reform. This revised constitution will provide clearer guidelines on governance, ensuring the Reform DAO remains as decentralized as possible. Key updates include definitions of core contributors’ rights and responsibilities, along with quorum requirements for changes to the ecosystem. Transparency will be enhanced with a comprehensive view of token flow, alongside more robust oversight of governance and the Reform DAO roadmap. Token holders will have a clearer understanding of Reform’s direction and governance.
The full document can be accessed here: DocSend
Authors:
Core Contributors
The why behind the proposal:
The current constitution, introduced over two years ago, no longer reflects the evolving nature of Reform DAO. The initial document served as a foundation, but now, with the input and feedback from the community, it is necessary to update the constitution. The new version will incorporate a more comprehensive outline of governance rules, including extended proposal timelines and updated quorum requirements for decisions. It will also provide clearer insights into Reform’s mission for 2025 and beyond, as well as improve transparency regarding treasury management and token flow areas not fully addressed in the old constitution.
A more detailed explanation of the proposal:
Established on 02 March 2023, the current constitution is nearing two years of age and no longer aligns with the vision for Reform DAO moving forward. To protect the rights of token holders and align with the evolving outlook of Reform DAO, the core contributors propose a new version of the constitution.
The goal is to formalize a transparent, well-structured document that clearly defines the distribution of authority within the Reform ecosystem. The new constitution will safeguard the rights of token holders by clarifying their involvement in decision-making and ensuring their participation in the governance process. It will also detail the roles of community members, contributors, and core contributors within the DAO framework.
Among the key additions in the new constitution are:
- Mission and Vision for Reform: Clear articulation of Reform’s future objectives, focusing on transparency and decentralized governance.
- Organizational Structure: Explanation of Hofida Limited’s role within the Reform DAO, ensuring token holders understand its impact.
- Token Flow Transparency: A full disclosure of wallets related to Hofida Limited and Reform DAO, offering insight into token allocation and the future flow of $RFRM, including vesting arrangements for the team and advisors.
- Governance Process: Clearer rules and conditions for proposal durations, voting, and quorum requirements, with a more comprehensive approach to $eRFRM governance.
The updated constitution aims to increase transparency, protect token holders, and ensure the DAO remains a truly decentralized organization.
The full document can be found here: DocSend
How it will improve Reform:
The updated constitution will address several key areas, improving governance and operations within Reform DAO:
- Reform’s Outlook: The updated constitution provides token holders with an up-to-date view of Reform’s mission and vision, empowering them to vote on the DAO’s roadmap and future direction.
- Governance: By clarifying the voting process and introducing new quorum requirements, the constitution ensures a more transparent and structured decision-making process, benefiting all token holders.
- Treasury Management: The new constitution outlines clearer principles for managing the treasury, giving token holders the opportunity to vote on key financial decisions.
- Transparency: Full transparency on the wallets controlled by Hofida Limited and other relevant entities, detailing token flows and allocations, especially regarding vested tokens for the team and advisors.
The motivation behind the proposal:
Reform DAO is committed to transparency and clarity, ensuring token holders have access to the information they need to make informed decisions. This proposal seeks to update the constitution to reflect the DAO’s evolving vision and mission, ensuring that token holders have a clear understanding of Reform’s direction and governance structure. The updated constitution provides a structured, transparent framework that ensures Reform remains a decentralized organization governed by its token holders.
Budget:
No direct budget is required.
Poll:
Please vote and reply why below if you are “for” or “against” the proposal before it proceeds to vote.reformdao.com
- For
- Against