Checks DAO

The Checks Platform will integrate the Checks DAO, a sophisticated Decentralized Autonomous Organization (DAO) structure that serves as the protocol's governing body. This DAO utilizes a tiered governance model, where the most authority is granted to the highest tiers of users staking on the platform.

Tiered Governance Structure

The Checks DAO implements a tiered governance model that rewards the protocol's most committed stakeholders:

• Strategic Governance Authority: President (Tier 5) and Chairman (Tier 6) Yield Check holders have significant influence in critical protocol decisions

• Substantial Stakes: These executive tiers represent participants who are staking at least 25 million (President) and 50 million (Chairman) CHECK tokens

• Aligned Incentives: This structure ensures alignment between decision-makers and the long-term health of the ecosystem

Governance Scope

The DAO's governance responsibilities encompass:

• Fee structures

• Yield strategy approvals

• Treasury allocations

• Checks Launchpad listing decisions

Launchpad Governance

For Checks Launchpad governance specifically:

1. President and Chairman tier holders conduct thorough evaluations of project applications

2. They assess factors such as technical viability, tokenomics structures, vesting proposals, and team credentials

3. The two-tiered oversight mechanism implements a checks-and-balances approach:

   • President tier members propose and evaluate projects

   • Chairman tier members hold decisive voting weight on final approvals

This ensures that only high-quality projects that align with the platform's standards are accepted for listing.

Voting Mechanisms

Voting within the DAO implements both quadratic and time-weighted calculations to balance democratic participation with security considerations:

• All CHECK stakers maintain basic proposal and voting rights

• Specialized governance privileges for top tiers include:

  • Ability to fast-track emergency proposals

  • Veto potentially harmful changes

  • Direct management of portions of the protocol's DAO Treasury and Reserves fund

Treasury Management

The DAO Treasury, managed primarily by President and Chairman executive tiers, allocates resources toward:

• Development grants

• Strategic partnerships

• Liquidity incentives

• Insurance reserves

This grant-making authority enables top tier holders to foster ecosystem growth by:

• Funding developers creating custom strategy modules

• Supporting marketing and partnership initiatives

• Backing complementary protocols that enhance the Checks Platform's utility

Security Council

Top tiers serve as the protocol's security council, possessing special powers to:

• Temporarily pause certain functions during emergencies

• Implement critical upgrades when vulnerability patches are required

This combines the responsiveness of centralized oversight with the transparency and accountability of decentralized governance.

Benefits of the Structure

Through this refined governance structure:

1. The Checks Platform achieves an optimal balance between decentralization and efficient decision-making

2. Substantial stake requirements ensure that governance participants have genuine skin in the game

3. Enhanced powers granted to top tiers create strong incentives for prudent, long-term focused management

4. The governance architecture delivers a self-sustaining ecosystem where the platform's most invested participants naturally guide its evolution toward greater adoption, security, and value creation