Nuklai’s DAO uses a combination of free, off-chain voting for the community and a multi-sig wallet controlled by a “DAO Committee” to circumvent the very high gas fees associated with full on-chain governance to enact those off-chain decisions on the Ethereum blockchain. This allows everyone who holds NAI to participate in the DAO without paying fees whenever they want to vote or open a proposal.
Using a multi-sig wallet controlled by a committee of trusted persons guarantees the security of the DAO, along with guaranteeing that passed proposals result in an on-chain action.
The DAO is a complex system created from several layers of entities and platforms, each of which is listed and described below:
Commonwealth is an all-in-one governance platform that acts as a communication hub for the DAO.
Nuklai’s DAO uses Commonwealth to facilitate discussions regarding the project's future for token holders. Commonwealth is where in-depth discussions are had, sentiment is gauged, and momentum is built for the best community-generated ideas.
Snapshot is an off-chain voting platform that provides a free way for token holders to vote on proposals. By storing both the proposals and the votes on IPFS as cryptographically signed messages, Snapshot allows for secure and easily contested results.
Nuklai’s DAO uses Snapshot to host the proposals and votes generated by the community.
Whenever a proposal is opened at Commonwealth, it is also created automatically on Nuklai’s Snapshot space. This allows the DAO to record and store proposals, votes, and results in a secure and decentralized manner - with the results displayed on the Commonwealth platform.
The DAO Committee is a group of seven trusted individuals selected by the Nuklai Foundation (and in a later stage by NAI holders) to hold keys in a multi-sig wallet. This multi-sig is responsible for enacting any passed votes with a binding action, like funding a Grant or implementing a Governance proposal.
The DAO operates on the following Discord server: