0. Objective

to outline a governance and budget framework to grow the community with a right balance between efficiency and legitimacy
to propose a blueprint for the Republic of Liker Land to be fully governed by liquid democracy (in blockchain jargon, as a Liker DAO)

1. Status quo

Screenshot 2021-10-06 at 5.31.18 PM.png

manage public fund with community pool, transfers of which technically can only be triggered by governance proposals
raise proposal to:
- transfer all funds migration pool, ecosystem dev pool & team pool (totalled 400mil) to community pool (delegation will drop by 375mil, down to about 38%, but network remains secure)
- assign 300mil to a multisig wallet managed by "Community delegation committee"
  - to support the validator set
  - to counter inflation
around 100mil left in the Community Pool, to be solely by governance proposals, including but not limited to:
- transfer to migration pool hot wallet when balance is low
- transfer to matching fund hot wallet every period of time
- transfer to (preferably multisig) wallet of LikeCoin grant
- hiring with LIKE
raise proposal to shorten the voting period to 1 week for more efficient action on community pool usage and other community issues