Governance
In the long term, we envision Trader Joe to be a community governed protocol, such as a DAO. JOE is a governance token that will allow holders to vote on community proposals.

Proposals

Community proposals will be submitted to our forums, where members can discuss its merits and clarify questions. Proposals may be brought up for voting by core team members, if they gain sufficient traction. More details will be announced when we launch the forum.

Voting

Proposals will be voted on, with JOEVOTE to decide the outcome.
Our voting platform can be found at https://snapshot.page/#/traderjoe_xyz
JOEVOTE is determined by
  • Each JOE in the JOE-AVAX pool is worth 2 JOEVOTE
  • Each JOE held via xJOE tokens equal 1 JOEVOTE
  • Each JOE token is worth 1 JOEVOTE
Please note: To be an eligible voter for any proposal on our Snapshot, you must have JOEVOTE from any or all of the 3 above options at the time of the vote being started. This means that you cannot simply buy JOE tokens to vote on an already ongoing vote, and is meant to reduce the risk of influence by whales and flashloaners.
For a vote to pass and become binding, it must gain a quorum of at least X million JOEVOTE. (X is to be determined).

Treasury

Major uses of the treasury will require that the Multisig sign it. The members of the multisig should only sign it if it is the will of the community and has had a passing vote by quorum. There must be at least X out of Y signatures for a transaction to be approved. (Details to be determined).
At time of launch, uses of the treasury will be entrusted to @cryptofish7 and @0xmurloc until community governance milestones are met, and multisig holders (chosen from AVAX and Defi community) are in place.
Last modified 9mo ago
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