The Oraclyst DAO
Decentralizing the Truth Terminal
The Oraclyst Protocol is designed to be a public utility infrastructure for the prediction market economy. To ensure the protocol remains censorship-resistant, neutral, and aligned with its users, ownership and control are progressively transitioned to the Oraclyst DAO (Decentralized Autonomous Organization).
The DAO is not a corporate board. It is a set of smart contracts and social consensus rules that allow holders of the ORCL token to propose upgrades, adjust protocol parameters, and manage the Community Treasury.
Governance Scope
The DAO holds administrative power over the following critical functions:
Fee Structure: The DAO can vote to increase or decrease the 0.10% Protocol Fee charged on trades.
Venue Whitelisting: The DAO decides which new prediction markets (e.g., adding a Solana-based market) are integrated into the Smart Router.
Treasury Management: The DAO allocates funds for developer grants, marketing initiatives, and liquidity mining programs.
Emergency Pauses: In the event of a smart contract bug or an oracle failure, the DAO (via a specialized Security Council) can trigger a protocol pause to protect user funds.
The Security Council
While the DAO is the ultimate authority, slow voting processes are dangerous during technical emergencies. Therefore, the DAO elects a Security Council consisting of 9 reputable entities (e.g., auditors, core contributors, and large stakeholders).
Power: The Council can execute emergency upgrades with a 6-of-9 multi-signature.
Check and Balance: The DAO token holders can vote to replace any Council member at any time.
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