🧠Governance

DAO Governance via Inscriptions

The Telepathy protocol embraces a DAO structure for governance, upholding the principles of democracy and transparency in the decision-making process.

What sets the Telepathy protocol apart is its distinctive use of inscriptions as the medium for governance proposals. These inscriptions are perpetually recorded on the blockchain, eliminating the need for traditional off-chain storage and tools like Snapshot. Consequently, these inscriptions not only encapsulate the essence of the proposals but also mirror the community's endorsement through voting records on the "proposal inscriptions."

Governance Process:

1. Proposal Submission: DAO members can initiate governance proposals by crafting specific inscriptions. These inscriptions meticulously outline the proposal content and are immutably etched onto the blockchain.

2. Voting Mechanism: The proposal process employs a transparent and secure inscription method, enabling $TEL3 community members to inscribe their stance as "agree," "oppose," "veto," or "abstain" directly on the proposal inscriptions. This ensures that each member's perspective is not only fully acknowledged but also counted in the decision-making process.

The governance model of the Telepathy protocol maximizes the unique attributes of inscriptions, functioning not merely as a decision-making mechanism but also as a tangible manifestation of the protocol's unwavering commitment to community-driven principles. This innovative approach solidifies Telepathy's dedication to fostering a governance framework that is not only robust but also deeply rooted in the collective voice of its community.

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