What holders are voting on: what each proposal does, how the vote stands and when it closes. Nothing leaves a War Chest until a vote passes and someone executes it.
No proposals on $MEME yet.
Stake $MEME to vote and propose. Be the first to say what its War Chest should do.
Passed is not executed.
A vote that passes authorizes its action. Nothing changes, and nothing leaves the War Chest, until someone executes it. Illustration
A holder with enough staked $MEME proposes one action. Voting opens 1 hour later.
What a vote can do
Holders vote with staked tokens. Each decision acts through the same switch: it changes nothing until its vote is executed, and then only what the vote says.
Say what the War Chest is saving for: a building, a car, a collectible, anything. It moves no funds, and reaching it unlocks nothing.
Set War Chest capital aside for one on-chain asset. The seller is paid only in the same transaction that delivers the asset into the vault.
For 3 days, staked holders vote for or against. Each vote weighs what its wallet had staked when voting opened.
More FOR than AGAINST (a supermajority for some changes), and FOR at or above quorum. The action is authorized; nothing has happened yet.
1 day after voting closes, anyone can run it, once, within 30 days. Only then does it act, exactly as written.
Or it stopsDefeated the vote failsCanceled its proposer withdraws it before voting opensExpired it passed, but no one executed it in time
Stewards fund the escrow, within the vote's bounds
Elect who carries out a purchase. Stewards fund the escrow only within the limits holders approved; they cannot move the War Chest on their own.
Send the creator's share of fees to a new address, or record a treasury policy holders follow. A policy moves no funds.
