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).
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
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.