# Governance

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Degen Dogs governance is based [Nouns DAO](https://nouns.wft) governance, which is turn is based on Compound governance.
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Degen Dog owners are members of the DAO: *one Dog equals one vote*.

### Proposals

To submit a proposal to the DAO, you must hold at least `0.25%` of the total Degen Dogs supply. This equates to 1 Dog up until the supply reaches 400 Dogs. Examples of proposals include:

* funding Degen Dogs community projects
* compensating DAO members or 3rd parties for services that benefit the DAO
* investing [treasury](https://docs.degendogs.club/degen-dogs-mission-1/dao/treasury) funds
* expanding the Degen Dogsverse by \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
* other

### Quorum

A quorum is the minimum number of total votes -- whether `for`, `against`, or `abstain` -- needed for a proposal to succeed. The quorum threshold is `20%` -- a value that can be changed by DAO. This means that at least 20% of minted Dogs (at the time the proposal was made) must submit a vote. *Proposals that do not meet this threshold will not be executed*, regardless of the number of votes for and against the proposal.

### Voting Period

Voting can begin immediately after a proposal is created, although the DAO could implement a delay between proposal creation and the start of voting, if desired. The voting period is approximately `7 days`. 

### Timelock

A Timelock is a delay between the end of the voting period for a successful proposal and when the proposed transaction(s) actually can be executed. This delay gives DAO members time to react before execution. For example, a DAO member who is unhappy with a proposal may decide to sell their token or take other steps they deem appropriate. The timelock delay for Degen Dogs is `2 days`.

### Changing Governance Settings

The thresholds and time periods mentioned above are *settings* that can be adjusted by the DAO via proposals. For example, the DAO may decide to change the proposal threshold or the length of the voting period in future.

### Vetos

Initially, the Degen DAO governance grants veto power to the founder(s) of the project. A key reason is that, due to the one-at-a-time auction process, the total supply of minted Dogs is very low in the early days. This could enable a single person to execute successful proposals before the community has had chance to grow and develop.  The goal is for the veto power to be renounced (on-chain) at the appropriate time -- feedback and suggestions are welcomed in this regard.

### Tally Governance Interface

[Tally](https://www.withtally.com/) provides a governance UI that DAO can use to submit and vote on proposals. Proposals and votes submitted via Tally get submitted on-chain to Degen DAO governance contracts and are subject to the above thresholds and time periods. [Visit Degen Dogs DAO on Tally here](https://www.withtally.com/governance/eip155:137:0x18288e01e2247166d7dF094743a5669BF7fDAaD2).

{% content-ref url="treasury" %}
[treasury](https://docs.degendogs.club/degen-dogs-mission-1/dao/treasury)
{% endcontent-ref %}