Features of the Digitize DAO

The Digitize DAO is a powerful addition to the Digitize ecosystem and allows high level decision making to be placed in the hands of token holders. The types of proposals can be broken down into three core categories:

Staking and token emissions management

The Digitize DAO will allow token holders to control staking features. This includes yield amounts, fee structures, and token allocation. The DAO contract will have direct control over administrative functions of staking vaults, meaning any and all staking changes will go through the DAO.

A set number of LAND will be minted each block, which can be allocated between LP staking, LAND staking, and the treasury pool. The DAO will have full control over the allocation of these tokens, as well as the ability to modify the total minting rate.

To help visualize, below are a few examples of proposals that can be submitted within the Digitize DAO.

Example one: Change the Auto LAND vault fee

• Proposed vote by community: Increase the fee on the LAND staking vault from 2% to 5%.

• In this example, the DAO would set a proposal to increase the fee structure on the LAND staking vaults from its current 2% to 5%.

Example two: Change minting rate

• Proposed vote by community: Increase minting rate by 5%

• The minting rate can be adjusted by adding or removing allocation to the burn pool. The burn pool allocation can be added to existing pools to increase emissions, or allocation from existing pools can be moved to the burn pool to decrease emissions. Upon a successful vote, the new LAND emission rate (minting rate) would be changed automatically through the existing staking vault and would not require users to migrate to a new vault to continue receiving rewards. This increase would be split between LP staking and LAND staking, which is covered in the next example.

Example three: Change pool allocation

• Proposed vote by community: Increase allocation to LAND Staking

• LAND will be distributed based on allocation points. For example, if LP staking has 1000 points, LAND staking has an allocation of 1600 points, the burn pool has an allocation of 400, the distribution would be as follows:

• LP Staking: 1000 LAND/day

• LAND Staking: 1600 LAND/day

• Burn pool: 400 LAND/day

In this example, the DAO is voting to increase the allocation to LAND staking by removing points from the LP pool, thus increasing the LAND staking reward without changing net emissions.

In all the above examples, once the vote is passed by DAO members the proposed change will automatically be updated using a trustless smart contract system. Instantly, the proposed change would go through and be in effect.

LAND DAO Treasury

The Digitize DAO will receive 2.5% of all token emissions from vaults. Every time a staker harvests LAND, 2.5% of the tokens they mint will also be minted to the treasury. Note: this is not a staking fee, it is minted in addition to the staking reward. Additionally, the 2% staking fee on our auto-compounding vaults will be routed into this treasury fund.

The treasury is completely managed by LAND token holders, with an interface built that allows a wide range of preset options to make proposal creation simple. Advanced users can also build custom proposals not covered in the presets.

To help visualize how this system works, here is an example of the type of proposal that the DAO can submit and vote on:

Example:

• Treasury balance: 10,308 LAND Tokens

• Proposed vote by community: Burn the entire treasury balance, removing the LAND token supply from circulation.

In this example, the community submits a proposal to burn the entire treasury balance at that time, 10,308 LAND tokens. If the community passes the proposal, all the LAND tokens would be sent from the treasury to the burn address and removed from circulation. If the community vetoes the proposal, the treasury balance remains unchanged and further proposals can be created for how to spend the treasury funds.

Marketing bounties and contests

This feature allows the DAO to create marketing bounties and contests that reward members of the community who successfully complete the tasks. This is an entirely community-run system that gives control over the type of bounty, the task of the bounty, the LAND rewards for completing the bounty, and the budget of each campaign!

The Marketing Fund that the DAO controls is derived from the Digitize treasury. In other words, the DAO will allocate a certain amount of treasury funds into the marketing bounty pool through proposals as discussed above.

Marketing bounties can be created by the DAO, pledging a certain amount of LAND tokens as a reward for a given task. Examples of tasks include:

• Writing an educational piece of content about the Digitize platform

• Sharing prominent announcements about Digitize on Twitter

• Creating videos about the Digitize platform or features

• Any other idea that the DAO would like to propose!

Any member of the DAO can complete one of these tasks, post proof, and request a claim on the bounty. An admin can be appointed by the DAO to approve or decline the bounty requests, or the DAO can choose to vote on the winners. DAO members can also request bounties for content that does not fit into any existing bounty.

Bounties vs. Contests

There are two ways the marketing fund can be used: bounties and contests. Bounties are simple tasks such as posting on Twitter, Reddit, or Coinmarketcap. Bounties are claimed on a first come first serve basis, but designated arbiters will verify that the posts are of a high quality before approving them.

After a bounty goes live, anyone in the community can make a post on Twitter and submit a screenshot to the designated arbiters. If the post is legitimate and high quality, the designated bounty amount will be sent to the individual who posted the bounty claim.

Contests, on the other hand, are designed to reward a limited number of entries of the highest quality. In this case, the community will vote for the winners after a designated submission period.