Planetary DAOs
Summary
Each Planet is governed by a DAO, and Explorers engage in decision-making about how Trilium flows by staking to a Planet and participating in that Planet’s democratic process, either by becoming a Planetary Custodian, or voting for one. The Planet’s Committee - made up of Custodians - decides how to allocate its budget (i.e. its Planetary rewards) toward the following expenditures:
- Mining rewards - including any random components such as randomized NFT rewards for mining.
- Worker proposals.
- Any other purpose.
Each Planet is alloted a daily release of Trilium proportional to the amount of Trilium staked by users to that Planet.
The Governance Interface
Overview
The overview page includes at-a-glance information about each planet, and Explorers can switch between planetary overviews by clicking on the particular planet that they’re interested in.
- Clicking on the Governance button in the left-hand navigation bar brings up the Governance overview interface, allowing Explorers to check various DAO-related details for each of the planets, and to stake Trilium to one or more planets in order to receive a share of that planet’s governance token for the purpose of gaining citizenship and the ability to vote for Custodians & proposals.
- Player Status on Each Planet
This Symbol means that the player is a Citizen of the planet it is pinned to.
This Symbol means that the player is a Custodian or Custodial Candidate of a planet.
- Overview of Planet Statistics
These statistics include the current size of the Planetary Treasury, the Total Vote Power allocated by players, the number of active Custodial Candidates, and the number of Planetary Citizens.
- Clicking the Explore button brings up the Planetary Details page, allowing Explorers to view the details for a particular planet.
- Clicking Convert [TKN] will activate an overlay allowing an Explorer to convert a portion (or all) of the TLM in their custodial wallet to the governance token for the chosen planet.
Explore
Clicking the Explore button brings up a new page with more in-depth information about a particular planet.
- The panel near the top of this page provides the vital statistics for that planet.
- This section of the page provides an at-a-glance view of a planet’s current active Custodians, including the number of votes and vote power apportioned to each one by the planet’s Citizens.
- Below the Custodian section is a panel showing some of the currently active Custodial Candidates.
- This mini-list can be sorted in several ways; shown above are the top five Custodian Candidates by voting power.
- The blue tick beneath a Custodian Candidate’s portrait indicates that the player has voted for that candidate in the current Custodial Election.
Convert [TKN]
This will activate an overlay allowing an Explorer to convert a portion (or all) of the TLM in their custodial wallet to the governance token for the chosen planet:
[TKN] as a placeholder for:
Eyeke=EYE Tokens
Kavian=KAV Tokens
Magor=MAG Tokens
Naron=NAR Tokens
Neri=NER Tokens
Veles=VEL Tokens
Ownership of governance tokens is viewable both in the ingame interface, and also in the wallet token section of WAX-based blockchain explorers such as bloks.io.
Citizenship
Upon signing an agreement and completing the conversion of a minimum of 1 TLM to a planet’s governance token, an Explorer is then deemed to be a citizen of that planet. It is worth noting that Explorers are not limited to citizenship of a single planet, and can stake TLM to all planets to receive both governance tokens and citizen status.
As Citizens, Explorers will be able to see their “Citizen Badge” added to the Planet and Governance Menu along with their Planetary Tokens, with the choice to convert more TLM or decide to convert the Planetary Token back to TLM. Converting TLM to and from a particular planetary token is immediate (i.e. there is no cooldown for switching between the two).
Explorers who have not converted any of their TLM to a specific planetary token, will get an overlay message telling them they are not a DAO citizen if they attempt to engage in any Planetary DAO activities:
Viewing Custodial Candidates
Once an Explorer has gained citizenship on a particular planet, they are then provided with two Custodial votes, distributable to their preferred Custodial candidates via the Candidates page, which is accessed by clicking the View Candidates button in the right-hand Governance menu on the Planetary Details page.
1. Votes Used
This tells a Citizen whether they have used both of their Custodial Votes or not.
2. Candidate Name
An overview of the names of the top Candidates.
3. Candidate Voting Power
The amount of Voting Power apportioned by Citizens to a particular Candidate.
4. Total Votes
The number of Citizens who have voted for a particular Candidate.
5. Vote Decay
A time-weighted average of all the voters for a Candidate. For example:
If one candidate has a total of 100,000 token votes cast for them but all those votes were 60 days ago, then the date would show 60 days. If, however, another Citizen voted with another 100,000 token votes today, then the vote date would be shifted towards today based on their share of the total vote weight. This would give rise to the following calculations:
First:
100,000 (today’s token votes) / 200,000 (total token votes) = 0.5 (difference)
Then:
60 (days since initial token votes were cast) x 0.5 (previous total) = 30
Finally:
60 (days since initial token votes were cast) - 30 (previous total) = 30
This would mean that the date for AVF would move from 60 days to 30 days.
6. Vote checkbox
Which Candidates a Citizen has voted for.
(NOTE: The Candidates whom a Citizen has voted for will always appear at the top of the Candidate list regardless of the sorting format chosen)
Voting for Custodial Candidates
Citizens of a Planet are provided with two Custodial Votes to use in support of their preferred Custodial Candidates. Clicking on a specific Candidate on the View Candidates page alters the layout and brings up pertinent information for that particular Candidate.
- Vote State
This indicates whether you have voted for the Candidate you’re viewing or not, and this button has several different states:
- + Add Your Vote - you have not yet voted for this Candidate.
- Vote Added - you have voted for this Candidate, but not signed off the vote.
- Vote Signed - you have added your vote for a Candidate and also signed it.
Once you have chosen to add your votes to your preferred Candidate(s), you will be prompted to sign off on those votes to make them official.
2. Remove Vote
This option becomes available once you have voted for a particular Candidate.
Clicking the Remove Vote button brings up an overlay providing the option to withdraw your vote from one or both Candidates.
3. State of Citizen’s Two Votes
This button provides an at-a-glance indication of whether a Citizen has used and signed both Custodial votes, and has several states:
A. The Citizen has not used either of their votes yet.
B. Both votes have been applied to Candidates, but have yet to be signed.
C. Both votes have been applied to Candidates and signed.
4. Add/Remove Voting Power
Voting power is an important factor in Custodial processes, and Citizens can add to their Voting Power by staking planetary tokens. When staking planetary tokens, Citizens can choose the “release period” for the unstaking process, which is a measure of how long it will take after unstaking, for the tokens to complete their conversion back to standard planetary tokens.
Citizens can choose a release period of up to 90 days, with the length of the release time chosen modifying the total vote power gained relative to the number of planetary tokens staked.
NOTE 1: If a Citizen opts to unstake all or a portion of their tokens they will lose the associated amount of vote power.
NOTE 2: If a Citizen wishes to stake more tokens, then the minimum release period that they can choose is their current chosen release period +1 day. In the example image below a 21-day release period has been chosen, meaning staking more tokens would require the citizen to choose a 22-day release period.
A. Clicking the Add Vote Power button activates an overlay that allows the Citizen to add Power by staking some (or all) of their current pool of Planetary tokens, displaying how much Voting Power they will receive in exchange for the number of tokens to be staked. This overlay also shows the unstake period for these tokens (how long it takes for the tokens to be unstaked once the unstake option is activated).
B. Clicking the Remove Vote Power button activates an overlay allowing a Citizen to unstake their staked planetary tokens, the number of days until the tokens complete the unstaking process, and the date & time at which that process will be completed.
Candidacy
Once an Explorer has chosen to become a Citizen of a planet by acquiring some of its governance token, they can then choose to become a Custodial Candidate and campaign to compete for citizens’ votes. A Citizen must have 5000 Planetary Tokens in order to Register their Candidacy. Once registered, those 5000 Tokens are “Staked” and cannot be used until the Candidate removes their Candidacy. (A Candidacy removal takes 48 hours to process).
Once this amount has been reached, a “Become Candidate” button will appear in both the Planet Details Module and the Governance Menu. This will provide access to a registration form requesting the following information:
1. Candidate Name
Any name the Candidate wishes to use which does not violate the Constitution. (Up to 50 characters in length).
2. Profile URL
An External URL to an image will be pulled into their Profile. This will now overwrite the default avatar that is used for a Citizen.
3. Candidate Message
The Candidate can leave a message publicly viewable in the “Candidate Profile View”. The first paragraph will automatically be larger than the rest of the message and as such can be used by Candidates to, for example, create an attention-grabbing headline for their campaign. (The content of the message must not violate the agreement).
4. Become a Candidate
Clicking this button begins the Candidacy formalisation process, including triggering an overlay where the Explorer can stake the 5000 TLM required for Candidacy.
Candidacy Management
Once an Explorer has registered their Candidacy, they can then actively manage various facets of it via a specific page.
1. Clicking the Manage Candidacy button in the Governance navigation menu on the right will bring up the management page.
2. Candidates have the option to update their profile details including name, any relevant url, and their public message.
3. Citizens can activate their Candidacy for a particular Election period. If they are already an active Candidate, this part of the page will look slightly different, with the green button showing “Active Candidacy” and an additional red button appearing beneath it providing the “Withdraw Candidacy” option.
4. A Citizen who is not a Custodian, and whose Candidacy is not currently set as active, has the option to unstake the TLM used to initially become a Candidate (NOTE: unstaking Candidacy TLM takes 48 hrs).
As a Candidate, the Citizens’s badge also updates to reflect their standing among the planet’s list of Candidates, with the border changing based on their current rank (currently based on most votes accrued). These borders are as follows:
1st place 2nd - 4th place 5th - 10th place 11th place on
Candidates also have the ability to view who has voted for them:
This list is sortable by the following columns: WAM account, date voted & voting power.
Custodians
As a Candidate, an Explorer has the opportunity (via successfully campaigning for the position) to become 1 of 5 Planetary Custodians. Each week the DAO of each Planet will automatically sign the 5 top-voted Candidates into the Planetary Custodian Wallet.
1. Proposal Form
This is the form allowing Custodians to create new Proposals.
2. Pending Proposals
Any Proposals that are currently awaiting approval by at least 4 Custodians are here, along with buttons indicating different states:
3. Executed Proposals
A list of successfully executed Proposals.
4. Expired/Cancelled Proposals
Proposals that were either rejected or expired without meeting the 4-vote minimum for execution.
5. Activate Budget
The button to begin the daily Custodial budget allocation process.
Custodial Privileges
Custodians will initially be granted three privileges as part of their role. These are as follows:
Creation of Proposals
Any of the five Planetary Custodians have the ability to create a Proposal. At this point, Proposals are focused on the distribution of TLM from the Custodian Wallet to other Wallets as a payout for activities related to Planetary Governance that are outlined in the Proposal.
For example, a Custodian could create a Proposal to distribute an amount of TLM to a specific Citizen as payment for designing a logo for the Planetary Syndicate.
Voting on Proposals
Once created and signed/opened, a Proposal is listed as “Pending” and will require approval by 4 of the 5 Custodians. Once the required number of approvals has been met, then as with POT activation any of the five Custodians can “Execute” the Proposal, at which point it will be transferred from being “Pending” to “Executed”.
Any Proposal that fails to meet the approval requirements or be Executed within a specific time period, will then be moved to the “Expired” list.
Daily Budget Activation
Each day, Custodians are required to activate and approve the TLM that will be transferred from the Planetary reserve to the Custodian Wallet. This activity is necessary to facilitate the other privileges granted: Proposals & Payouts.
- Activation:
Activating the POT requires only one Custodian, and this begins the approval process.
- Approval:
Approving the deposit requires 4 out of 5 Custodians, and is a continuation of the approval process:
Below is an example of when a Custodian has voted to approve the deposit, but there is still another approval needed:
- Claim POT
Any Custodian (whether they approved the deposit or not) can then claim the POT.
- Countdown
This is the time left until the Planetary POT is ready to be activated again.