Listing Procedures
New listings are added only after successfully passing proposals in $WTR Community Governance AND the Deepwaters listing committee. Votes are determined final if a supermajority is reached (9 of 14). A total of 7 votes are controlled by WTR Community Governance and 7 votes are controlled by the Deepwaters listing committee. By balancing power between both groups, Deepwaters aims to consider the best interest of the community and organization.
$WTR token holders have the power to participate in voting on new listings. Votes are counted as 1 vote per token held plus additional voting power based on duration of holding. Each year provides an additional 1:1, capped at 4 years (5:1).
WTR Time Held | Voting Power |
|---|---|
0 Years | 1:1 |
1 Year | 2:1 |
2 Years | 3:1 |
3 Years | 4:1 |
4 Years | 5:1 |
The committee is comprised of a combination of Deepwaters team members and/or advisors. The purpose of the Deepwaters committee is to represent the best interests of the Deepwaters organization and long-term success. Votes and proposals are always publicly viewable and can be seen on:
https://snapshot.org/#/deepwaters-council.eth
Council Member Addresses |
|---|
0xbb3184c9B979C5fa1Ef3B89eA6E750F8f9D55484 |
0xeB92E8B1D425De380eF2Cf976e7E6d41e6997518 |
0x22c71d485d59746F68a696D31d907254De228E66 |
0xB07050Ddd20FBC72393c8137D92a293e092B0C6E |
0x1DD4539eDFE5163CDE1a5ec6602b812E599F7c21 |
0xdd05840C74af0CE407D54580f6428d8735B5f224 |
0xD68c1dFf4f779064c2690E83BC9206117c47B3Ca |
The example below describes a hypothetical vote on a new token listing:
The Deepwaters Listing Committee votes as follows: 5 = FOR, 1 = AGAINST, 1 = ABSTAIN.
The final vote PASSES, as the total is greater than or equal to 9.
Last modified 5mo ago