In order to advance the conversation on our vision, goals, etc, I took the liberty of writing a draft constitution. I stole the format (and some ideas) from the ENS constitution. I found the exercise helpful as I envisioned for myself what the DAO would do. Look forward to your thoughts and feedback. Here is a link to a google doc if you’d prefer to add comments there.
The Phonon constitution is a set of binding rules that determine what governance actions are legitimate for the DAO to take.
Each article has examples of permissible and non permissible actions. These examples are illustrative and should not be considered a binding part of the text of the constitution itself.
Phonon governance will support the implementation of phonon on all blockchains, and will not take any actions that promote one blockchain’s use or disuse over another.
Permissible: Phonon DAO may support phonon’s implementation by subsidizing development of a client to interface with specific blockchains.
Not Permissible: Phonon DAO must not block the use of phonons that carry a specific asset for any reason other than the health and safety of the phonon network, as this would incentivize the use of one cryptocurrency over another.
Phonon governance will act as adjudicator on whether hardware manufacturers are able to issue certificates to enter and stay on the phonon network, based solely on technical merits.
Permissible: Phonon DAO may authorize and subsequently revoke authorization for a hardware manufacturer to transact on the phonon network based on their capacity to ensure the integrity of their security certificates.
Not Permissible: Phonon DAO shall not allow manufacturers to outbid their competitors for exclusive access to the phonon network, as this would allow unfair competitive advantages for those institutions with larger amounts of capital.
Fees exist solely as a means of collateral to ensure actors in the phonon network do not act maliciously. A secondary purpose is to provide enough revenue to the Phonon DAO to fund ongoing development and improvement of phonon. Phonon governance will not enact any fee other than for these purposes.
Permissible: Phonon governance may increase the price of fees if the current fees are insufficient to fund ongoing phonon operations at a reasonable level.
Not Permissible: Phonon governance must not introduce fees to transact a specific cryptocurrency, because doing so would incentivize the use of other cryptocurrencies and be purely an income-generating measure.
Any income generated to the Phonon DAO treasury is to be used first of all to ensure the long-term viability of phonon, and to fund continuing development and improvement of the phonon network. Funds that are not reasonably required to achieve this goal may be used to fund other public goods within web3 as Phonon governance sees fit.
Phonon governance will not allocate funds to a team or individual who does not commit to uphold the same principles outlined in this constitution in their use of the allocated funds.
Permissible: Phonon governance may offer grant funding for a public good unrelated to phonon, so long as doing so does not affect the long-term viability of phonon.
Not Permissible: Phonon governance must not use the funds to support projects that conflict with the goals of phonon.