Governance
How MagnetDAO governance works — quarterly cycles, voting rules, and founder authority
Magnet Token
Supply & Community
Quarterly Cycle
Proposal Submission
Projects apply for liquidity support using the formal proposal template. Each must include project name, liquidity pair, capital requested, expected market impact, timeline, and known risks.
Community Discussion
Submitted projects are discussed openly in the MagnetDAO Discord. Members can ask questions, raise concerns, and build consensus before any vote.
Official Vote
At the end of each quarter, eligible proposals go to an official on-chain vote. Voting is weighted at 1 Magnet = 1 Vote.
Liquidity Deployment
Winning proposals receive treasury-backed liquidity. Treasury acquires the project token and pairs it with Magnet in a liquidity pool on the selected DEX.
Voting Rules
Mechanism
1 Magnet = 1 Vote. Token-weighted voting ensures those with the most exposure have the most influence — and the most at risk.
Eligibility
Any wallet holding Magnet tokens at the time of the vote may participate. No minimum holding required.
Timing
Official votes are held at the end of each quarter, after the discussion phase concludes in Discord.
Accountability
Larger holders carry more influence but also bear more downside if they support low-quality projects — creating built-in accountability.
Founder Authority
MagnetDAO is a founder-led system. The Founder holds final approval authority over all liquidity decisions. This authority exists to:
- Protect the token's value from low-quality or misaligned deployments
- Ensure treasury capital is deployed responsibly
- Maintain operational stability during the DAO's early development
As the DAO matures and governance mechanisms strengthen, founder involvement in day-to-day decisions is expected to decrease while the proposal and voting system takes on greater autonomy.
When No Projects Apply
Rollover
Treasury funds accumulated that quarter roll over into the following quarter's deployment pool. No funds are lost.
Founder Nomination
The Founder may manually nominate projects for community consideration, which then follow the standard discussion and voting process.