NAVRAS DAO

About the NAVRAS Tech Decentralized Autonomous Organization

The NAVRAS DAO is the decentralized governance body of the NAVRAS token and its subsequent ecosystem, designed to empower the community to shape its future. By wrapping NAVRAS tokens and holding wNAVRAS, participants gain the ability to create proposals, vote on initiatives, and influence critical decisions that drive the growth of the ecosystem.

The DAO ensures that NAVRAS Tech remains transparent, decentralized, community-driven, and aligned with the mission of advancing DeFi innovation.

KEY FEATURES

Decentralized Governance: All decisions regarding the NAVRAS token are made by the community, eliminating the need for centralized control. This allows the holders of NAVRAS (and wNAVRAS) to have direct control over the direction and pursuits of the project, fostering innovation, transparency, and resilience against censorship or manipulation. This ensures interests are aligned with the project's long-term sustainability and success, as well as empowering holders to shape the future of the NAVRAS Tech ecosystem.

• Proposal System: wNAVRAS holders can submit proposals to suggest new options, features, changes to governance structure or policy, or overall changes and improvements to the NAVRAS ecosystem.

  • Eligibility: To create and submit a proposal, a user must hold a minimum balance of 157,660 wNAVRAS.

  • Proposal Review Period: Each proposal has a 72-hour review period (approximately 21,600 blocks) before voting begins, allowing the community to assess and discuss the proposal.

• Voting Power: Voting weight is proportional to wNAVRAS holdings, ensuring fairness and reflecting community engagement.

  • Snapshot Mechanism: Voting power is calculated based on a snapshot of wNAVRAS balances at the start of the voting period, ensuring fairness and preventing manipulation.

  • Staked Balances: wNAVRAS holdings, as well as staked wNAVRAS, count toward voting power.

  • Boosts: Percentage-based boosts to voting power exist and are obtainable through various methods. These boosts are cumulative and stack in addition to a user's already existing voting power. These include, but are not limited to:

    • Exclusive NAVRAS Presale NFT - Our personal thank you to the users who supported NAVRAS during its presale. Holders of this NFT receive an exclusive 3% boost to their voting power.

    • Exclusive NAVRAS Launch Day NFT - Users who purchased NAVRAS on the day of its launch received this exclusive NFT. Wallets holding this NFT receive an additional 2% boost to their voting power.

    • Staking Boost - Users who stake their wNAVRAS receive an additional 5% boost to their voting power.

  • Voting Period: Voting remains open for 48 hours (approximately 13,292 blocks) to allow sufficient time for participants to cast their votes.

  • Quorum: A minimum participation threshold is required for a vote to be valid.

Execution: Once a proposal passes with a majority vote, the decision is executed via the NAVRAS DAO smart contract when applicable. All proposals, votes, and outcomes are recorded on-chain. This ensures an inclusive, verifiable, and tamper-proof governance process.