ORA Investment DAO

General
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The ORA Investment DAO is designed to support innovation by funding promising projects. The distribution of funds follows a structured process with clear rules to ensure alignment, transparency, and collaboration.

Two-Tiered System

Lifecycle of Fund Payouts

  1. Initial Proposal

    • Any participant (House member) can submit one proposal by paying 333_ORA.

  2. Auction for Senate Seats

    • A bidding period opens, allowing participants to compete for Senate seats by acquiring and staking $ORA tokens from the market.
    • Every 33 days, there will be an auction for one additional seat to become Senate member, ensuring fresh perspectives and reducing centralized influence.
    • The total amount staked in the auction for Senate seats determines the payout for the proposal.

    Formula for Payout:

    Payout = min(T * F, M)

where:
- `T` = Total $ORA staked in Senate auction
- `F` = Fund release multiplier (e.g., 1.5x or 2x)
- `M` = Maximum payout limit for a single proposal (determined by the Ecosystem Fund allocation)

  3. Voting Period

    • Senate members vote on proposal.
    • A rate high approval threshold of Y% is required to approve the proposal.

  4. Payout and Execution

    • Once the Y% threshold is met:
      • Funds equivalent to min(T * F, M) are released from ORA’s ecosystem funds.
      • Funds are disbursed in phases based on the project’s execution milestones.

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Tiers of Involvement

  1. House
    • Open to anyone who pays 333_ORA to submit a proposal.
  2. Senate
    • Membership is determined by an auction for seats, requiring Senators to acquire and stake $ORA from the market.
    • New Senate members are elected for each proposal, ensuring decentralized governance.
    • Senate members vote to approve or reject proposals and influence fund allocation.

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Voting Rules

  • A Y% approval threshold is required for any proposal to pass.
  • Voting is conducted by depositing $ORA tokens into the proposal’s voting pool.
  • Once the threshold is met, the Investment DAO releases funds based on the formula min(T * F, M).
  • A Senator’s influence in voting is proportional to their staked amount.

Incentive Mechanism

  • Senate members must accumulate and stake $ORA tokens, creating demand and aligning their interests with the ORA ecosystem.
  • By tying funding directly to community participation, the ORA Investment DAO fosters a vibrant, engaged ecosystem.

This framework, with its transparent payout formula, voting weight mechanics, and structured governance, ensures alignment between funding, community commitment, and innovation.

Disclaimer

The rules, parameters, and mechanisms may be subject to change to adapt to evolving ecosystem needs, improve governance, or align with community feedback. Updates will be communicated promptly to ensure transparency.