KIP Type: Non-Constitutional KIP
Abstract:
This KIP sets up a SubDAO in KARRAT DAO using 50 million KARRAT from the KARRATco treasury, added to circulating supply, to keep quorum during unlocks. KARRAT DAO proposals on Winvote are posted first, with SubDAO voting on Snapshot (1 MPH NFT = 1 vote, 10-day period) within 24 hours. Links to Snapshot go on the MPH Account Hub and My Pet Hooligan Discord. Starts with 12.5 million KARRAT (6.25M Yes, 6.25M No) in two voting wallets, controlled by the foundation/security council, with 37.5 million KARRAT spread over 16 quarters (about 1.171875M per wallet), adjustable by a working group.
Motivation:
To boost quorum and governance as unlocks rise, this KIP adds a SubDAO with MPH NFT and delegated KARRAT voting.
Rationale:
This fits KARRATco’s goal of a decentralized ecosystem, empowering MPH holders and smart treasury use, matching adaptability and community focus.
Overview:
KARRAT DAO proposals are posted on Winvote, followed within 24 hours by SubDAO voting on Snapshot (1 MPH NFT = 1 vote) over 10 days, with links on the MPH Account Hub and My Pet Hooligan Discord. A working group posts proposals, monitors voting, and works with the foundation/security council, who control wallets and place SubDAO votes on Winvote after 10 days. The SubDAO vote (e.g., 80% yes, 20% no) sets the ratio for 12.5 million KARRAT in two wallets (6.25M Yes, 6.25M No), voting on Winvote (e.g., 5M Yes, 1.25M No). The 50 million KARRAT enters circulation, with 37.5 million KARRAT shared over 16 quarters (about 1.171875M per wallet), adjustable by the working group.
Key Terms:
• SubDAO: Governance for MPH NFT holders, 10-day vote on Snapshot (1 MPH NFT = 1 vote).
• Winvote: Platform for KARRAT DAO voting with delegated wallets.
Working Group:
A team with KARRAT community mods, MPH community mods, and 2 selected community members agreed by mods. They’ll:
• Discuss next quarter wallet adjustments (Yes/No) in My Pet Hooligan Discord.
• Monitor and post proposals to Snapshot for SubDAO voting.
• Coordinate with the foundation/security council to share final Winvote results after calculation.
Specifications:
• Platforms: Snapshot for SubDAO voting (10-day, 1 MPH NFT = 1 vote), Winvote for KARRAT DAO with wallets (6.25M Yes, 6.25M No) controlled by foundation/security council, multisig wallets for KARRAT.
• Technologies: Snapshot runs SubDAO votes, outcomes guide Winvote votes (e.g., 80% Yes = 5M, 20% No = 1.25M); links to Snapshot on MPH Account Hub and My Pet Hooligan Discord.
Steps to Implement:
• Move 50 million KARRAT from KARRATco treasury to SubDAO Delegation Wallet, adding to circulating supply (multisig, $0, controlled by foundation/security council).
• Set up two SubDAO voting wallets (Yes and No) on Winvote (multisig, $0, controlled by foundation/security council).
• Document 12.5 million KARRAT initial transfer (6.25M Yes, 6.25M No) and 37.5 million KARRAT over 16 quarters (approx. 1.171875M per wallet) ($0, 0 hours), adjustable by the working group for unlocks, governance, etc.
• Form the working group with KARRAT and MPH mods, plus 2 community picks ($0, 0 hours).
• Add Snapshot link on MPH Account Hub for voting ($300-$600, 2-5 hours).
• Add Snapshot link in My Pet Hooligan Discord official links ($0, 0 hours).
• Set up Snapshot for SubDAO voting (1 MPH NFT = 1 vote, 10-day, posted within 24 hours of Winvote proposal) ($500, 5-10 hours, monitored by working group).
• Announce updates on MPH Discord ($0, 0 hours).
Timeline:
• Start: April 01, 2025.
• Milestones: Wallets by April 15, Working group by April 15, MPH Account Hub link by April 20, Snapshot setup by April 25, testing by April 30.
• Completion: May 05, 2025.
Overall Cost:
• Total: $800 to $1,100 (developer $120-$150/hour, no audit needed; includes $500 for Snapshot setup).
Notes:
• Marked Constitutional KIP for governance and treasury impact.
• Needs Constitutional Quorum (11.09M KARRAT) for on-chain approval.