The Decentral Games ecosystem is governed by a decentralized autonomous organization (DAO). In simple terms, the ecosystem is owned and managed by the community.
Community members who hold $xDG tokens can help shape the future of Decentral Games by proposing and voting on treasury allocations, new game features, and a wide range of other key decisions.
This article gives an overview of the Decentral Games DAO, the governance proposal process, and how you can get involved.
About the Decentral Games DAO
The Decentral Games DAO is a collective of community members striving towards one shared mission: onboard millions of users into the Metaverse.
Anyone is welcome to join and help shape the future of the Metaverse by holding $xDG tokens.
Instead of a central authority, power is distributed across all token holders and every member has a say in the decision making.
The $xDG token is a governance token that represents your share of ownership of the Decentral Games ecosystem. Your voting power and share of governance rewards are proportional to the amount of $xDG tokens you hold.
Decentral Games Treasury
The Decentral Games treasury is used to fund initiatives that contribute to the growth of the ecosystem. The treasury contains a variety of crypto assets, including:
- Tokens such as $DAI, $ETH, $MATIC, $MANA, $DG, and $ICE.
- Decentraland $LAND.
- LP tokens such as DG-ETH, DG-MATIC, ICE-USDC.
Additionally, the treasury receives revenue generated by the Decentral Games ecosystem, such as:
- Metaverse advertising.
- Polygon validator node rewards.
- ICE wearable sales.
- ICE wearable activations.
- ICE wearable upgrades.
- DEX trading fee.
- ETH2 validator node rewards. (soon)
To view the treasury and revenue breakdown, visit the DG Treasury dashboard.
How Can You Participate?
You can suggest, vote on, and determine key decisions such as treasury fund allocations, new game features, and game adjustments.
Treasury Fund Allocations
How should the DG DAO use its treasury?
Help make financial decisions such as buying or selling assets, funding initiatives, and allocating revenue.
Examples of treasury proposals:
- Swap LAND
- Buy ETH and set up an ETH node
- Fund a tournament competition
- Use wearable secondary sale revenue to burn ICE
- Increase Polygon validator node commission and use the revenue to burn ICE
New Game Features
Have ideas for new features?
Suggest your ideas such as game modes, reward systems, and additions to venues.
Examples of new game feature proposals:
Is there a game feature that’s not balanced?
Give your feedback and help improve ICE Poker such as adjusting reward splits, challenges, leaderboard multipliers, wearable bonuses, and wearable activation fees.
Examples of game adjustment proposals:
- Update the player/owner rewards splits for ICE wearables
- Update leaderboard multipliers
- Update multiplier for equipping multiple ICE wearables
- Adjust the medium challenge
Governance Proposal Process
For an idea to be implemented, there are three phases in the process:
- Phase 1: Forum Discussion
- Phase 2: Proposal Submission
- Phase 3: Proposal Voting
Phase 1: Forum Discussion
To comment in this forum, you’ll need to hold a minimum of 100 $xDG. To make a post, you’ll need to hold a minimum of 10,000 $xDG.
Before submitting a formal proposal, it’s recommended to post your idea in the forum to gauge interest and gather feedback.
Phase 2: Proposal Submission
After gathering initial feedback, you can submit your proposal on Snapshot.
To submit a proposal, you must hold a minimum of 100,000 $xDG. If you don’t have enough $xDG then another community member can submit it on your behalf.
Proposals are recommended to follow this format:
- Title: A short, clear, descriptive title.
- Background: Information on why the proposal is needed.
- Proposal: Details of what you’re proposing.
- Rationale: Reasoning for the proposal and the intended outcome.
Here’s an example template that you can edit to create a correctly structured proposal.
You’ll also need to set a voting period when submitting your proposal. A typical voting period is 5 to 7 days.
Phase 3: Proposal Voting
All voting takes place on Snapshot. Proposals are passed by a majority vote with a minimum of 10M $xDG voting in favor to reach a quorum.
Community members may vote themselves or delegate their voting power to another person of their choice. To delegate your voting power, check out Snapshot’s guide.
Ways to Get Involved
Some of the ways you can get involved in the Decentral Games DAO is by owning $xDG, voting on and submitting proposals, participating in community discussions, or delegating your voting power to someone else.
The DAO was formed so that everyone in the community could have a say on the direction that we move in. This process extends to the core team responsible for taking action on passed governance proposals, and helps to deliver transparency to everyone involved.
How to Get $xDG
There two ways to get $xDG:
- Stake your $DG on the DG Governance page (Ethereum network).
- Buy $xDG directly from Uniswap (Polygon network).
For a walkthrough on how to get $xDG tokens, check out our video guide.
Vote On and Submit Proposals
To vote on and submit proposals, check out Snapshot.
Participate in Discussions
Check out our Governance Forum in our Discord to stay up to date on active proposals, join discussions, and voice your opinion.
We also host a Twitter Space discussion on the last Thursday of every month at 3pm EST to give recent updates, answer community questions, and gather feedback.
Delegate Voting Power
If you don’t want to play an active role, you can also delegate your $xDG voting power to another community member using Snapshot.