Mobula Docs


Mobula's governance has two distinct aspects: protocol-level governance (the Ranking system we have already begun to discuss) and meta-protocol governance. This section is intended to give the reader an understanding of how these two forms of governance work.

Protocol Governance

The first aspect we will discuss is the governance of the Data Aggregation Protocol. This DAO has control over the processing of the data, so it is essential to understand how it works. First, it is important to note that this DAO is not open to all the users - or even to all the holders of the Mobula crypto-token ($MOBL). If this were the case, quality control of DAO members would be too complex, and data processing would be unreliable. The Protocol DAO is hermetic and hierarchical in three ranks: Rank I members are $MOBL holders who have been selected by a Rank II council. They have access to First Sorts, which allows them to earn additional $MOBL through the rewards described above. Next are the Rank II members, at the top of the hierarchy. They are elected from among the Rank I members by the other Rank II members. They can perform First Sorts and also have veto power in the Final Decision, and decide on promotions or removals of lower ranks. Finally, the Rank III members are the founding members of the Protocol. They will only be present in the early months of Mobula to guide and ensure the smooth running of the ecosystem - they are authorized to remove Rank II or lower members and to remove already validated data in case of malfunction. After a period of time determined by the meta-protocol DAO, when it is deemed that the Protocol is fully mature (probably approximately 6 months after launch), the Rank III members will become Rank II, to ensure full decentralization of the Protocol.
As for the management of manpower and the organization of "elections", all this is determined by the meta-protocol DAO - for example, if it is noticed that there is a lack of manpower for data processing, the meta-protocol DAO will decide to organize a Rank I promotion (it is important to note that the meta-protocol DAO decides how many new people to promote but has no control over who will be selected - this choice is reserved for Rank II members of the Protocol, to avoid any centralization bias).
In addition, a performance score is present for all Rank 1 members - set to 0, it is incremented or decremented depending on the quality of the decisions made by the member (e.g. if you validate the data of a crypto-token during a First Sort when it turns out to be completely wrong and the Rank 2 board vetoes the addition of the crypto-token, your score will be decremented). This score makes it easier for Rank 2 members to decide who to promote and who to remove from Rank 1, and thus ensures the quality of data processing.

Meta-Protocol Governance

The second aspect of governance, the second DAO, is much more open and similar to existing governance DAOs. Any $MOBL holder is a member of it. This DAO has full power over the project, and works in the same way as the Uniswap DAO: anyone holding more than 0.5% of the $veMOBL supply can submit a proposal, and all holders can vote, in proportion to their share of $MOBL, "For" or "Against". Once the vote is completed, the proposal is accepted or not depending on the results. Proposals can be on anything from the structure of the Protocol's DAO, to the parameters described as flexible in Part III, to even strategic fund management decisions. The most important thing to understand about Mobula's governance is the split between the two DAOs: one is Protocol-specific and only concerns the Protocol, and therefore must be hermetic and hierarchical to ensure quality data processing, and the other is open to all $MOBL holders and allows for general decisions about the project.