Lithium Finance is excited to announce the upcoming election of our first council members paving the way for our DAO governance model.
The council will consist of 5 members from the community to oversee the protocol. It will play a critical role in setting high-level policies and strategies for the protocol, while the DAO will allow token holders to participate in the decision-making process for the protocol. Together, these governance structures will help ensure that Lithium Finance remains transparent, accountable, and community-driven.
Nomination Period (on or before May 21)
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During the two week nomination period, anyone in the community can nominate a candidate for the council by creating a new topic in the dedicated section on the Forum.
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Entry of any nomination must be titled correctly in the format “Council Nomination: {candidate name} — {summary line}”, and the content of nominations shall cover all of the below
- Who: brief introduction of the candidate;
- What: intended contribution to community;
- How: background or skills on how to contribute to the DAO; and
- Other relevant information.
Campaign Period (May 22 - June 4)
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After the nomination period is over, candidates will be given the opportunity to engage with the community to campaign for their election.
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AMAs may be conducted at request of the candidates and will be open to all members of the community.
We’re excited to see who will be nominated for the council and look forward to a fair and transparent election process. If you have any questions about the election process, please don’t hesitate to reach out to us on our Discord channel.