Synapse DAO Governance Model

Overview

Since launch of the Synapse Protocol, a number of governance initiatives were put forward and voted on by the Synapse DAO.

Any SYN holder can put forward proposals, which will be voted on by the DAO, as long as they have over 100,000 SYN tokens. SYN holders can vote using SYN on multiple chains, as well as delegate their votes to other token holders.

In order to be adopted by the Synapse DAO, a proposal needs to gather at least 50%+1 vote of the votes and reach the minimum quorum, which is currently fixed at 5,000,000 SYN tokens

Governance Components:

Forum: A Platform to post proposals for discussion before an official vote

Snapshot: A decentralized governance platform for conducting official votes.