Stay informed and never miss a Shyft update!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Hello, DAO-curious Shyftoshi!
Today, the proposal to form the Shyft Network DAO officially moved through the Shyft Network Forum to Snapshot, where voting will occur for the next five days. In this article, you will find more information on how to get involved in the DAO as additional programs roll out in the coming weeks
Before we get started, here are some links.
All good? It’s time to keep moving. Below, you’ll learn:
How to join the Shyft Network DAO (and buy SHFT).
How to submit, discuss, and vote on proposals.
How to continue and become an active DAO member.
See below for each individual. section. Thanks for reading!
The first step towards joining the Shyft Network DAO is to buy some SHFT! To join the DAO, you will need at least one SHFT token. To purchase SHFT, you will need to purchase on an exchange like Kucoin, where the token was listed in January of 2021, or head to a DEX like Uniswap or SushiSwap to exchange other crypto or fiat currencies for SHFT.
Ok, you now own some SHFT! Congratulations — you will now be eligible to submit votes on Snapshot, which will originate as a topic on the Shyft Network Forum, the primary place where discussions will take place.
To join the forum, you simply need to log in through your Discord account. For step-by-step instructions on how to vote on proposals, please reference the “Introducing the Shyft Network DAO’’ blog post (Snapshot criteria is listed below). You will be able to vote with SHFT on both Layer 1 and the Ethereum blockchain.
To create a proposal, here is what you need to know.
A simple description of the proposal’s end result and desired change; it should be no more than a few succinct sentences.
Explain why this proposal is necessary or useful for the protocol. The author is encouraged to add visual elements such as charts to support their arguments.
Lay out your proposal — explain how it is going to tackle the issue at hand and present the action items.
The feedback process begins now and is expected to end at HH:MM UTC on DD/MM/YYYY.
After this, a Snapshot vote is expected to be put up at HH:MM UTC on DD/MM/YYYY if there is sufficient interest and support for the proposal from the community.
For: Action taken if this proposal is accepted
Against: Action taken if this proposal is rejected.
For more information on proposal guidelines, please visit the proposal section in the Shyft Network forum.
Two actively participate in the DAO-decision making process, you have three options:
Please reference the “Introducing the Shyft Network DAO” blog post to learn about each committee and what will be required and expected of joiners. Committees will range from marketing and community to operations and governance.
The DAO Ambassador Program will consist of the three primary tracks below; stay tuned for more info as these programs are further developed.
3. Apply to become one of the three Shyft Network DAO Community Key Signers
Following the official formation of Shyft Network DAO, there will be a proposal to invite the Shyft community to nominate and elect three community members to join a group of seven key signers. Elected community members will be given authority whereby five out of seven signers would be required to participate in the execution of transactions associated with the Shyft DAO treasury for a period of three months.
In the coming days, the Shyft DAO will call on Shyft Network community members to apply for one of the three available key signer positions and formally launch their candidacy.
Interested candidates will be required to share on Discord why they would best represent the community and help the DAO accomplish its goals. The DAO urges all community members to be proactive and to suggest candidates they believe are active, engaged, and represent the community best.