To get started with the DAO, visit the Nuklai DAO Commonwealth page.
Here, you must connect a wallet in order to use the DAO. Make sure the wallet you’re using holds the relevant tokens for participating in the DAO (NAI).
After connecting your wallet you will be taken to the homepage of the DAO featuring a list of all currently active proposals.
Voting power is calculated from the total balance of NAI & specific ecosystem actions associated with the wallet connected with the DAO. The DAO looks at both your staked and unstaked balances, so you do not need to unstake any NAI to achieve your full voting power.
Voting power is represented as “VP”. At Nuklai we believe in the power of collective intelligence, and have therefore created a voting system in which all votes are created equal and voting power can only be increased by performing certain actions in the ecosystem that signal long-term commitment to the Nuklai mission and vision.
VP is calculated as follows:
VP is capped at 2 per individual, which is achieved by having more than 10,000 NAI, and having staked in the 12 month staking pool in the Defi Terminal.
If your NAI balance changes, it will affect your voting power, but only on proposals that are created after your balance changes.
The moment a new proposal is created, the DAO calculates their voting power. In other words, when you vote on a proposal, the voting power of your vote will be equal to the balance you had at the instant the proposal was initially created. You may vote with that VP, then change your NAI balance, unstake, etc. without affecting the weight of your vote.
A certain amount of participating VP is needed to consider the vote valid. This is called the Acceptance Threshold for the proposal and it is set at 1%. Once the acceptance threshold has been met, a proposal is approved if the total voting power in favor of the proposal is greater than the total voting power against the proposal. This is the typical 50/50 majority model we expect to see in most democratic votes.