Rebellion Protocol
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The Governance
The Rebellion Protocol is a community driven project and therefore emphasizes on the involvement of its community and holders in the decision making process.
Who governs Rebellion Protocol?
Rebellion Protocol has been developed from the ground up with the vision that its community and holders would be running the project. Rather than relying on centralized governance, those who hold REBL DAO NFTs (that can be earned by staking $REBL) are empowered to vote on aspects related to the Rebellion Protocol Smart Contracts as part of the Rebellion Protocol Decentralized Autonomous Organization (REBL DAO).
On top of that, the Rebellion Protocol being a community driven crypto investment fund, REBL DAO NFT holders are entitled to elect investment consultants, who’s role is to propose investments to the community for approval. Finally, REBL DAO NFT holders have the ability to vote on these investment proposals and participate in the decision making on whether the project invests in a proposed investment or not.
While the project’s development team has a substantial level of shared expertise, their role in Rebellion Protocol is to realize the decisions and goals of the community, within the limitation of the smart contract. Should the team be elected as an investment consultant, the team would submit investment proposals to the REBL DAO.
How does voting work?
All REBL DAO NFT holders automatically become members of the REBL DAO. By staking their REBL DAO NFTs, DAO members earn the ability to vote on Rebellion Protocol Governance proposals, allowing anyone to shape the direction of the Project. As a REBL DAO member, you can submit, sponsor and vote on proposals that determine the project direction, including investment consultants and investment themselves. Conversely, should you disagree with a proposal, you can vote against it.
There are two types of governance process:
- General governance process (for any non-investment related decisions)
- Investment governance process (for any decisions related to investments and the Rocket Pool)
For the general governance process any REBL DAO NFT holder is able to make proposals. All REBL DAO NFT holders are eligible to vote.
For the investment governance process only investment consultants, elected by the community, and Top 100 holders are eligible to make investment proposals. However all REBL DAO NFT holders are eligible to vote on investment decisions. The process is faster that for the general governance process in order to ensure reactivity towards investments.
What kind of things would the general governance vote on?
For example:
- Vote on changes related to the transaction fees (smart contract related)
Transaction fees have been set at 9% initially by the team, 3% for the reflection, 3% for automatic liquidity and 3% for the project’s investment fund. These fees may be changed individually, augmented, reduced or removed entirely. See The REBL Token for more info on fees.
- Vote on changes related to anti-whale protection (smart contract related)
At this moment no anti-whale protection is set. The community may decide to include one at any time and at any percentage to make sure members may not buy or sell more than a certain percentage at the same time.
- Elect/vote out investment consultants
- Vote on the use of the Rebellion Protocol’s community reserve
What kind of things would the investment governance vote on?
- Vote on investment proposals
- Vote on the allocation of investment winnings
- Vote on token burns
- Vote on dividends to investors
Last modified 3mo ago