Community Governance
Last updated
Last updated
Note: Community Governance is not live, and no Builda token currently exists. This section serves as a guideline for one possible avenue towards decentralizing the platform, of which there are many. Builda will evolve into a truly permissionless, community-owned hub for decentralized yieldfunding and skill-based collaboration.
Community Engagement & Governance lie at the heart of Builda’s vision, ensuring that the community—not just a select few—shapes which projects receive funding, how yield strategies evolve, and how contributors interact with one another.
Below are the main governance pillars and how they foster a dynamic, decentralized ecosystem:
Staking to Propose: Community members with the required amount of Builda tokens staked can propose new projects for yieldfunding.
Reward for Successful Proposals: If the community adopts the project and it is approved for yieldfunding, the proposer earns [_]% of the total yield contributed—an incentive to scout high-quality teams and ideas.
Why It Matters By tying the ability to propose projects to tokens staked, Builda discourages spam or low-effort submissions. The proposer’s potential [_]% reward further motivates thorough due diligence and strong networking.
Vouching Mechanism: A project must garner at least [redacted] staked Builda tokens in support for it to be considered accepted for a yieldfunding campaign.
Slashing Protection: If [_]% of staked Builda tokens (platform wide) votes against a project, a portion of the stake that vouched for it can be slashed through a separate process that gets handled through community governance.
Note: Slashing is scary. We know this. While we are far from having any sort of slashing incorporated into Builda, it's important to remember that should it exist, it would be set up in a way that strictly discourages malicious actors, and not just those whose project proposal wasn't well-received or liked.
Why It Matters This mechanism makes the community gatekeepers of quality, disincentivizing fraud or malice, and preventing low-quality proposals. Because vouching stakes can be at risk of slashing in cases of malice or fraud, supporters are incentivized to be more considerate when vetting a proposal.
Yield Delegation: Users can assign their yield to Leaders who specialize in identifying and evaluating quality projects. Leaders cannot access users' yield directly, but rather, can allocate it to projects on behalf of their delegates.
Additional Incentives: Leaders may receive bonus rewards in Builda Bucks, or from projects they back successfully, prompting them to maintain strong reputations.
Why It Matters Not everyone has the time or expertise to research new projects. Delegating yield to reputable leaders lets less active users still contribute to the Builda ecosystem, while still reaping all of the rewards they would have received otherwise.
Community-Driven Upgrades: Proposals to add or change yield strategies (e.g., new DeFi integrations) require a significant quorum of staked Builda tokens.
Permissionless Framework: Over time, Builda aims to become fully permissionless, allowing anyone to propose yield strategies, project ideas, proposal minimums, and other changes — subject to the community’s approval.
Why It Matters As DeFi evolves, new yield sources, partnerships, or technologies emerge. A community-led process ensures that Builda can continuously adapt while retaining its decentralization ethos.
