Listing Procedures

Balance of Power

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 Community Governance

$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

Deepwaters Listing Committee

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

Sample Vote

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.

$$Deepwaters Listing Committee =5$$

1,000 total community votes via $WTR (600 = FOR, 400 = AGAINST, 0 = ABSTAIN).

$$WTR Community Votes=(600/1000)*7 = 4.2$$

The final vote PASSES, as the total is greater than or equal to 9.

$$TotalVotes=5 + 4.2 = 9.2$$