Governance Stages

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Proposal Eligibility

Eligible participants in the governance process include:

1. Space Owner NFT Holders: Those with more than 100 fee contributing members
2. Node Operator NFT Holders: Must be visibly active for over 30 days.

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Proposal Initiation

• Group 1: Any holder of a Space Owner NFT of a Space with at least 200 members.
• Group 2: Any holder with a Node Operator NFT marked ‘active’ for at least 30 days.

Members from either group can submit proposals for consideration.

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Voting Phase

Both groups (Space Owner and Node Operator NFT Holders) are entitled to participate in the voting process for proposals.

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Special Provisions

• Subgroup Decisions: Smaller decisions can be delegated to subgroups, which are assigned specific permissions and may receive allocated funds from the primary treasury for their operations.
• On-chain Upgrades: The DAO has the authority to upgrade any component that exists on-chain. This includes altering Node Registry contract requirements, adjusting fees received from Membership Token minting, and the ability to upgrade or pause the Space Factory and associated contracts.

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River Token and DAO Governance

The River token serves as the governance token within the River ecosystem. It is instrumental for:

1. Incentivizing node operators and users.
2. Facilitating long-term growth and governance.
3. Allocating received fees and treasury funds.

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Contract Upgrades and Verification

• Upgrade Flexibility: River contracts can be upgraded for added functionality or security, but Spaces retain the choice to opt out of future upgrades, maintaining the status quo if preferred.
• Verification and Development: All contracts are verified on BaseScan and are built using Forge and Foundry tools. Space Owner NFTs and Node Operator NFTs empower holders to engage actively in River DAO Governance.