治理

Introduction to Governance

Integral to achieving this mission is a decentralized governance protocol, whereby Creators and Users are individually and collectively enfranchised in decision making about protocol changes and upgrades. In the spirit of creating a community-owned and operated streaming protocol, these key actors should be empowered to shape, mend and modify underlying parameters of the Sybel protocol including but not limited to:

• Features and Product Evolution

• Data sharing

• Royalty Fees

• Fee Pool Allocation

• Tokenomics

• Staking Rewards

Everything in Sybel is governable, and all $SMT tokens staked in the protocol automatically receives governance weight as described in section 9.2. Governance will look to present both technical and nontechnical proposals, giving all users the ability to properly voice their beliefs without needing to have a deep technical under- standing of the Sybel tech stack.

By creating a framework for Users to adjust the direction of the protocol in line with their shared beliefs, Sybel will curate governance to the most value-added actors, possibly tying in incentives to those who are most active.

Bypassing

There is a bypass process that allows both 1) proposals to be passed without broader vote if urgency requires, e.g. during active exploitation of a vulnerability in the protocol, and 2) proposals to be vetoed if they are not consistent with the philosophies outlined in this paper. This bypass capability will be controlled by a community multisig with an initial set of signers. Additional signers can be voted into place via the open community governance process. The community, at any time, can vote to remove the ability to bypass governance if they choose, and the controllers of the bypass multisig have committed to not veto said proposal when the time comes to relinquish control. The project team added this functionality to the governance process with the intention for it to be removed— it is up to the community to decide when it makes sense to take off the training wheels or whether it makes sense to have this functionality at all.

Voting Power

By locking the staked $SMT, Creators and Users will get higher voting power:

Locking Period
1 month	1
3 months	4
6 months	8
1 year	16
2 years	32
3 years	34

Micro DAO

coming soon