Today we are going to talk to you about a very important subject for us:
Governance via the Golden RUPEE!
Indeed, as you know, one of our ambitions is to make Hyrule a community platform where everyone would have a voice.
So, we decided to use the Golden RUPEE as a means of expression to reward people who are really invested in the project.
How will this be implemented?
Quite simply, a ‘voting’ section will be created where you can propose or upvote different proposals.
Basically, a tool to create threads will be set up with different part depending on its status. There will be a channel for proposals from the team and another for proposals from the community. Then, as soon as a thread reaches a certain level of votes, it will be switched to ‘pending’ before being treated as ‘active’ and finally all archived threads, complete or not, will appear in the ‘closed’ threads.
Each vote will take into account the number of the staked gRUPEE — RUPEE LPs that you have. So, the more you have, the more weight your vote will have on the total count. Just like shares you might own in a company, you will be able to define the future of the project.
This is of course only a draft, and we will potentially create a more complete forum like the SuhiSwap one.
When and how the project will be funded?
In order to carry out the proposed projects we will set up a treasury specially dedicated to the occasion. This treasury will be constituted with a part of the RUPEEs gains won in the farms. We collect 10% of the RUPEEs farmed, 50% of them will be put back into the treasury to fund the projects and will be at the disposal of the voters.
This way, you will know directly what is feasible and what is not, and we will not have to promise you things or keep postponing them because the budget is directly available and ready to use!
What will this do?
An idea, a suggestion: change the RUPEE emission, open new vaults/pools…? Do not hesitate to express yourself and get help from the community! Being able to vote for a project that you support and care about is a good feeling.
Each person who helps promote an idea or project will get the honorary title of ‘founder’ on our future Discord server. Furthermore, an exclusive NFT will be reserved and sent to them.
When will this be implemented?
We have already started to draw the outline, but we have not started the technical part yet. We expect to launch the site this week and will keep you posted on the progress of development. We will try to deliver all this quickly so that owning gRUPEE will be even more meaningful and you can help us build the project from the ground up!
Hopefully, this short presentation will be of some use to you! As usual, if you have any question or suggestion, we are always ready to listen to you on Telegram or Twitter!