Governance: Proposal Types

At launch, AionicDAO will support four key types of proposals to ensure that the protocol remains flexible and able to adapt to changing market conditions and technological advancements:

Approval of Data Feeds for Synthetics: The accuracy and reliability of pricing data are critical for maintaining the integrity of synthetic assets issued by AionicDAO. Governance proposals will allow Aion token holders to vote on the approval of new data feeds (often provided by decentralized oracles like Chainlink) that will supply pricing information for synthetic assets.

Funding of Improvements and Operations: Proposals can be made to allocate AionicDAO’s resources towards funding protocol improvements, operational expenses, or development initiatives. These funding proposals ensure that the community can directly oversee how the protocol’s treasury is used to enhance the platform.

Update of System Parameters: As market conditions change or new developments arise, it may be necessary to adjust certain system parameters within AionicDAO, such as collateralization ratios, borrowing limits, or interest rates. Governance allows the community to update these parameters in a transparent and democratic way.

Upgrade of System Contracts: To keep the protocol secure and efficient, it may be necessary to upgrade the underlying smart contracts that govern AionicDAO. Token holders can vote on proposals to upgrade contracts, ensuring that the system remains robust and able to incorporate new features or security enhancements.