Governance Overview

The RioDAO utilizes the Llama governance framework to enable creation of roles-based governance flows. Governance is exercised through $RN token votes and subDAO approvals/vetos on the path to proposal execution.

RioDAO Governance

The RioDAO governs all on-chain components of the Rio Network and controls a treasury that will initially consist of $RN tokens and ETH accrued from protocol rewards. Examples of the RioDAO's responsibilities include:

  • Adding or removing underlying tokens to reETH.

  • Setting the Actively Validated Services (AVS).

  • Setting the Coordinator's rebalance delay.

  • Setting the Rio Network reward percentages, etc.

Governance in Action

Let's examine the flow of the AVS Selection subDAO whereby an AVS has been added to the registry.

  1. A proposal is created by the Risk Management subDAO for vote by the RioDAO to add a new AVS to the registry of approved AVSs.

  2. The $RN token holders approve the proposal through a token vote.

  3. The Security Council does not block or veto the proposal.

  4. The proposal is executed and the AVS is added into the registry.

As another example, let's examine treasury spend through the Growth subDAO.

  1. A treasury spend proposal is created by a member of the Growth subDAO for vote by the RioDAO.

  2. The Security Council does not block or veto the proposal.

  3. The proposal is executed and the treasury spend proposal is executed.

  4. Funds are transferred from the RioDAO to the account controlled by the Growth subDAO for funding the proposed initiatives.

Rio Foundation

The Rio Foundation (RF) is a Cayman-based Foundation Company committed to supporting the Rio Network and RioDAO.

The RF's mandate is to advance the Rio Network, in collaboration with the RioDAO, across it’s key pillars:

  1. Risk Management

  2. Growth

  3. Security

These pillars correspond directly to the Risk Management subDAO, Growth subDAO, and Security Council, respectively, within the RioDAO.

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