A New Governing Epoch
Thales DAO continues to make strides. For those who’ve kept a close eye, the team and community dedication is apparent. It only makes sense (understandably, in today’s fast-paced world), our Thales Monthly Digests offer a quick summary of key developments:
We’ve been making some solid moves, thanks to the Thales Core Contributors, Thales Council’s, and Agora community input on proposals and discussions. Now, we’ve got something exciting to share with you!
Curious about how you can get more involved in Thales DAO’s growth? Today kicks off the nomination phase for the ninth Thales governance epoch.
Here’s what you need to know.
Nomination and Election Details
Our thriving community on Thales’ Discord is a hub of engaging governance discussions, featuring many passionate individuals eager to be part of Thales DAO’s decentralized governance
It’s time to choose who will represent the community in voting on protocol-level changes.
If you need a brief reminder about how Thales governance structure works you can check this, and if you only need a reminder about the Thales Council duties just read below 👇
As a reminder, the Thales Council’s principal duties are to approve protocol-level changes to the Thales-market codebase. This changes are introduced as TIPs (Thales Improvement Proposals), and as of right now we’ve got more than 220 TIPs implemented and proposed.
The nomination phase for the Thales Council is already underway. Key points to note:
- The Thales Council election will be done using your staked THALES as voting power. You can vote with your staked THALES on Optimism, Arbitrum, and Base.
- Voting power can be split across multiple candidates.
- Nomination period: August 19th, 3PM UTC to August 26th, 3PM UTC.
- Voting period on Thales’ governance page: August 19th, 3PM UTC to August 26th, 3PM UTC.
- The number of Thales Council members is 7, as a tribute to the “Seven sages of Greece” (Thales was one of the seven sages).
- The governance epoch for the new Councils will be from September 2nd 2024 until the end of 2024, a 4-month period as per TIP-111.
How to Get Involved in Nominations
We invite everyone to join this process. Submit your pitch (highlighting your involvement with Thales/Overtime or your potential as a council member) along with a valid Ethereum address or ENS for voting on TIPs (Thales Improvement Proposals).
So, where to nominate?
For the Thales Council election:
👉 Please post a message with your pitch on our dedicated Discord channel #thales-council-nominations.
The nominating period has begun and new nominations are considered valid until Monday, August 26th, 2024. The cut-off is 3PM UTC.
Each Thales Council member will be eligible for a 3,000 THALES stipend per month, continuing the initiative by the ThalesDAO to maintain incentivized participation.
Some basic guidelines:
- Anyone can self-nominate
- Anyone can ping or tag anyone else for them to nominate themselves. Sometimes intelligent and productive people need a friendly push.
- An individual retains the right to not nominate themselves after being pinged or tagged by someone else.
- Candidates must have a valid pitch on #thales-council-nominations, even if it’s a one-liner.
- We’ll keep track of all nominees in #thales-council-pitches.
After the nominations period ends, voters will have from Monday, August 26th, 2023 3PM UTC through Monday, September 2nd, 2024 3PM UTC to cast votes and elect the new Thales Council.
So, what to do now?
If you feel that now it’s the best time to put yourself in a position to directly influence and potentiate the future of Thales protocol (and the products built on top like Thales markets, Overtime, and Speed Markets), then by all means nominate yourself here or nudge someone to make the jump into decentralized governance.
As a THALES staker you’ll probably want to start reading the Thales Council nominees’ pitches here in advance so that when it’s time to vote you can have a clearer picture of which candidates to support.
And when the time comes, on December 11th (lasting until December 18th), be sure to check Thales’ governance page and cast your vote!
