Governance

The governance of the Yotta Protocol is designed to foster robust and active participation from the community, ensuring that the Yotta Network remains decentralized and democratic. YOT token owners can raise proposals and vote on them, covering a wide spectrum of purposes ranging from managing protocol parameters to decision-making on AI safety and ethical issues. Additionally, Yotta DAO will empower token owners to decide which AI research to fund using the GPU resources in the network.

Proposal and Voting

YOT token owners can submit proposals for various initiatives and vote on them. These proposals can address critical aspects of the Yotta Network, such as protocol parameters adjustments, AI safety measures, and ethical considerations. To enhance the network's contribution to AI research, Yotta DAO will establish programs to accept AI research proposals from reputable universities, research teams, labs, and institutions. Experts will review these proposals and provide feedback and funding recommendations. Governance proposals will then be created by Yotta DAO, allowing the community to vote on these recommendations. This process ensures that the DAO's decisions align with the interests of both the web3 and broader AI communities.

Funding for the DAO

Funding for the DAO will come from the Community portion of Yotta tokens. The size of the fund will be based on the number of accepted and approved research proposals by the DAO. This approach ensures that sufficient resources are allocated to support critical protocol initiatives and impactful AI research.

Encouraging Participation and Delegation

To maintain an active and participatory community, the DAO governance model includes rewards for ongoing engagement. Voters will earn rewards based on their reputation and the number of proposals they participate in. This incentivizes continuous and meaningful involvement in the governance process.

Expert Delegation

Experts in various fields will be encouraged to act as delegators, practicing and voting on governance proposals. To prevent centralization and ensure diverse representation, there will be a cap on the maximum number of votes that can be delegated to any single delegator. This ensures that votes are entrusted to those with the expertise and commitment to make informed decisions, promoting a more effective and engaged governance process.

Conclusion

By implementing these mechanisms, the Yotta Protocol DAO aims to create a vibrant and engaged community. The governance model incentivizes broad participation, ensures an equitable distribution of voting power, and maintains the network's decentralization and security. This comprehensive approach fosters a democratic environment where all stakeholders can contribute to the development and direction of the Yotta Protocol.