5. Create DAO. Validators settings
Last updated
Last updated
Validators add an extra layer of security and oversight to your DAO's governance through a secondary vote.
Validators are trusted members who vote on proposals after the main community vote. They act like a board of directors, providing an additional safeguard against malicious proposals. Their approval is required for proposals to be executed.
Validator votes use a separate validator token, created in the next steps. This token cannot be transferred, keeping the validators fixed.
Validators also have special powers like proposing urgent changes without a full vote when needed to maintain the DAO.
You can always set up Validators settings later by proposals and voting
First, generate a new validator token that your validators will use for voting.
This keeps the validator voting power separate from normal governance tokens.
Distribute your new validator token to the wallets of your chosen validators. You can add validator wallets manually or upload a CSV list. Be sure to double check the addresses.
When selecting validators, choose members who:
Have been part of your community for some time
Have subject matter expertise
Have a strong reputation
Will put the DAO's interests first
Aim for a diverse set of 5-11 validators to provide a broad perspective. Odd numbers prevent tied votes. Grant each validator an equal portion of the validator token supply to distribute influence evenly.
Note that validators cannot transfer their tokens, so the group is fixed after creation. Carefully choose qualified, responsible members here to uphold standards. Validators are a check and balance on the broader community.
Here, set the quorum, duration, and execution delay for the validation vote stage. Validator voting takes effect after the main voting phase.
Validators have their own types of proposals that they can conduct without involving the entire DAO. These proposals are essential for managing the DAO's sustainability processes that do not require full DAO participation to avoid slowing down operations.
Set the quorum, duration, and execution delay for the Validators-Only Proposals.