Dear Linear Community,
As we approach the conclusion of the third Linear Council epoch and concurrently commence preparations for the fourth LC election, we have drafted this post to delineate the election procedure, which is applicable for both current LC members and prospective members of the community seeking to join the Council.
Linear DAO Overview
The Linear governance model is set up with the following goals in mind:
- Allow the community to propose and drive changes to the protocol
- Enable the community to influence and shape the future of the protocol
- Ensure the health and long-term growth of the protocol
The Linear Council is the governing council composed of community members who are heavily invested in the Linear Ecosystem and its future. The Linear Council is responsible for overseeing the DAO and ensuring it runs smoothly in representing the community. It also acts as a gatekeeper for the protocol and can veto any Propositions that might be detrimental to the Linear ecosystem.
Epoch 4 Election Process
Similar to the present epoch, the forthcoming epoch will consist of four members constituting the LC. The procedure for nominating candidates for epoch 4 will be the same as the nomination process used in the preceding three epochs.
- Title: “LC Nomination: {LC role} — {candidate name} — {summary line}”
- Content
- Who — Brief introduction (including Discord and TG handles)
- What — Contribution to Community (Past & Future)
- How — Relevant Skills or Background on how to drive DAO and Linear to greater success
- Any other related campaign pitching material or info
*After posting your nomination in the forum, please send a DM to notify one of our admins in Discord.
- By the end of the nomination period, the pDAO will gather the top 3 nominations from the forum (by topic likes and engagement) as voting choices and invite them along with the 4 current LC members to post their application to Linear Finance Snapshot.
- Voters will then proceed to vote on Snapshot.
- By the end of the voting period, the top 4 voted candidates will become the LC members.
- The pDAO will announce the LC in a blog post and introduce the LC members to the community.
The existing members of the LC will be nominated automatically for the upcoming epoch. They have the liberty to revise their initial proposal for nomination on the Linear DAO Forum and notify the community of their intention to contest for re-election.
Note that in order for nominees to post their nomination for voting on Snapshot they will need a minimum of 500k LINA (79 vLINA), this includes STAKED and LOCKED LINA tokens.
Snapshot voting will be open from Monday May 1st and will run for one week.
Linear Council members for the fourth epoch will be announced on Tuesday May 9th.
Good luck to everyone,
Linear Finance Team
About Linear Finance
Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.