Governance
Lucky8 will be a fully decentralized DAO with full contract ownership of all smart contracts by the $888 token holders. Only bonded $888 are eligible to vote. Votes are only casted if $888 remain bonded until the voting period is over.
The Lucky8 DAO owns:
Token contract
Lottery Tickets contract
Uniswap v2 LP tokens
Governance Parameters:
Proposal Threshold
DAO ownership required to propose a governance proposal
2.5% of Supply
Voting Period
The duration of the voting period
3 Epochs
Quorum
The amount of DAO votes required to pass/prevent a proposal
25%
Super Majority
The amount of DAO votes required to pass/prevent a proposal bypassing the voting period
40%
Expiration
The duration required to commit a successful proposal
2 + 1 Epochs
Emergency Delay
The duration required to force a commit in case the advance() function is not called (requires Super Majority)
3 Epochs
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