DAO governance

YLDX is governed by its holders. Anyone holding at least one YLDX token can participate — proposing, voting and delegating.

Governance rights

This is intentionally inclusive: governance is not gated behind a large minimum, so the community — including the 819 backers — can shape the treasury's direction.

What the DAO governs

• The Governance Treasury (20% / 200M YLDX, locked) — how buy-back reserves and ecosystem incentives are used.
• Protocol parameters within the methodology (e.g. index priorities, risk thresholds proposed for change).
• Strategic decisions — partnerships, new indices, White-Label policy.

The DAO does not override the safety rails: fund movements still require the 4-of-6 multisig, and the methodology's hard constraints (diversification caps, exit-weakness-first) remain in force.

Proposal lifecycle

1. Draft. A holder creates a proposal (title, rationale, on-chain action if any).
2. Discussion. The community reviews and debates.
3. Vote. Holders vote; weight is proportional to staked YLDX. Delegated votes are counted to the delegate.
4. Outcome. If the proposal passes quorum and threshold, it is queued.
5. Execution. On-chain actions execute through the appropriate governed path (and, where treasury funds move, the multisig + time-lock).

Delegation

Holders who prefer not to vote on every proposal can delegate their voting weight to an opinion leader they trust. Delegation is revocable at any time, and delegates vote transparently on-chain.

Voting weight

Voting weight is proportional to staked YLDX. Because revenue distribution is also tied to staked YLDX, governance weight and economic alignment move together — the people most invested in the protocol's success have the most say.