Nova XVA DAO: A Decentralized Governance Model
Empowering the Nova XVA Ecosystem
Nova XVA is committed to fostering a decentralized, community-driven ecosystem that supports innovation in self-custody solutions. To achieve this, governance of XVA Wallet development will transition from a centralized model to a Decentralized Autonomous Organization (DAO), where XVA token holders have a direct role in shaping the project’s future. Through the DAO, both community developers and the official Nova XVA development team can propose and secure funding for initiatives that drive ecosystem growth. This ensures a balanced approach where innovation is encouraged while maintaining a structured development roadmap.
The Role of the DAO
The Nova XVA DAO will oversee key decision-making processes, particularly in allocating resources from the Ecosystem Growth Fund—a treasury dedicated to funding projects, partnerships, and technical enhancements. The fund will support:
Community-driven projects built on Nova XVA’s technology.
Official Nova XVA development initiatives aimed at expanding the platform’s capabilities.
Once the Nova XVA Core API is fully operational, the fund will provide seed capital for early-stage ventures and be continuously replenished through transaction fees generated within the ecosystem.
Treasury & Proposal System
A structured treasury system will ensure fair and transparent allocation of resources. Both community developers and the official Nova XVA development team can submit proposals for funding. These proposals will be subject to DAO governance approval, with voting power determined by staked Nova XVA tokens.
Decision-Making & Voting Structure
Proposal Submission
Any DAO participant, including community members and the official Nova XVA development team, can submit a proposal by locking a predefined amount of Nova XVA tokens for a minimum of 4 weeks.
Other token holders can express support by contributing the same amount of tokens.
Only proposals that reach a minimum backing threshold will proceed to a community vote.
Community Voting
Voting takes place over a 2 week period.
Only DAO members who have staked the required number of tokens may participate.
Voters can choose between "Approve," "Reject," or "Abstain" on each proposal.
Staked tokens remain locked until the proposal’s final decision is enacted.
Outcome & Implementation
Quorum Requirement: At least 35% of the total staked tokens must participate in voting.
Approval Threshold: A proposal must receive more than 50% approval (excluding abstentions) to pass.
Veto Power: If more than 33.4% of voters reject the proposal with a veto, it is automatically discarded.
If a proposal fails to meet the necessary conditions, it will be rejected, and the locked funds (if any) will be returned to the Ecosystem Growth Fund.
A Balanced Approach to Development
The Nova XVA DAO is designed to support both independent contributors and the official development team, ensuring that governance decisions reflect the collective interests of stakeholders. This dual-track approach enables:
A decentralized, open innovation model, where independent developers can propose groundbreaking ideas.
A structured, strategic development roadmap, guided by the Nova XVA core team to ensure long-term sustainability.
By actively participating in governance, token holders will help shape the evolution of Nova XVA, funding impactful projects while maintaining a strong foundation for future growth.