Shimmer

TL;DR:Introduced and fine-tuned last year, four proposals by the Shimmer Governance Group are now ready for the final round of voting by Shimmer token holders. The first three proposals focus on a community-driven committee to manage grant distribution for ecosystem projects. The fourth is to set up a Growth Committee as a joint force between the Shimmer community and IOTA Foundation. These proposals are ready for a final vote by all Shimmer token holders in Shimmer’s Firefly wallet. Voting on these proposals opens at 2pm CET on Thursday, March.The Governance Proposals presented by the Shimmer Community Governance Group <a href="https://blog.iota.org/shimmer-governance-in-action/" rel="noopener noreferrer nofollow">in November last year</a> have reached their third phase: the final vote by all Shimmer token holders via <a href="https://firefly.iota.org/" rel="noopener noreferrer nofollow">Shimmer’s Firefly wallet</a>.This follows Phases 1 and 2. Phase 1 was the <a href="https://blog.iota.org/shimmer-governance-in-action/" rel="noopener noreferrer nofollow">announcement of the proposals in November last year,</a> followed by online discussions. Phase 2 was the <a href="https://govern.iota.org/t/results-of-the-first-3-phase-2-shimmer-governance-decisions/1564" rel="noopener noreferrer nofollow">governance forum votes</a> on the final versions of the proposals in December and January.The following proposals await your decision:<ul><li>1) Establishing the Shimmer Community Treasury Grant Committee <a href="https://govern.iota.org/t/sgp-0005-shimmer-community-treasury-grant-committee/1576" rel="noopener noreferrer nofollow">[SGP - 0005]</a>.</li><li>2) Shimmer Community Treasury Grant Committee - Lead selection <a href="https://govern.iota.org/t/sgp-0001-shimmer-community-grant-committee-lead-selection/1544" rel="noopener noreferrer nofollow">[SGP - 0001]</a>.</li><li>3) Shimmer Community Treasury Grant Committee - Grant Reviewer selection <a href="https://govern.iota.org/t/sgp-0002-shimmer-community-grant-committee-grant-reviewer-selection/1546" rel="noopener noreferrer nofollow">[SGP - 0002]</a>.</li><li>4) Establishing the Shimmer Growth Committee as part of the Tangle Ecosystem Association <a href="https://govern.iota.org/t/sgp-0003-shimmer-growth-committee-as-part-of-the-tangle-ecosystem-association/1552" rel="noopener noreferrer nofollow">[SGP - 0003]</a>.</li></ul>The latest <a href="https://firefly.iota.org/" rel="noopener noreferrer nofollow">Firefly Shimmer release</a> includes governance functionality, enabling you to cast your final votes on all proposals – you’ll find more details towards the end of this blog post.All four proposals will help shape Shimmer’s future and the community’s role in it – and the final decision is now up to you, the Shimmer Community! From 2pm CET on Thursday, March 16th, you are able to cast your votes on these proposals in your updated Firefly Wallet.Here’s an overview of the proposals:<h3 id="proposals-1-3-establishing-the-shimmer-community-treasury-grant-committee">Proposals 1-3: Establishing the Shimmer Community Treasury Grant Committee</h3>The Shimmer community <a href="https://blog.iota.org/shimmer-ecosystem-funding-vote-result/" rel="noopener noreferrer nofollow">allocated 20% of the token supply</a> to bootstrap a flourishing ecosystem around the network. This amount was split equally between the community and the Tangle Ecosystem Association, which oversees the development of the IOTA and Shimmer ecosystem.Proposal 1: To manage a yearly budget consisting of 15% (27,204,307 SMR) of the communities half of this ecosystem fund efficiently and independently, proposal <a href="https://govern.iota.org/t/sgp-0005-shimmer-community-treasury-grant-committee/1576/7" rel="noopener noreferrer nofollow">[SGP - 0005] </a>asks you to agree on establishing a Community Treasury Grant Committee as a Decentralized Autonomous Organisation (DAO), which will use the allocated budget to give out grants to ecosystem projects and initiatives. This proposal also defines all rules and procedures for how the Treasury Committee should operate.Should the community decide to establish the Shimmer Community Treasury Grant Committee, it will need dedicated individuals with the right skills to handle all grant applications on behalf of the community and give out grants from the Treasury budget. Therefore, the community seeks:Proposal 2: One full-time contracted Community Treasury Grant Committee Lead: Proposal <a href="https://govern.iota.org/t/sgp-0001-shimmer-community-grant-committee-lead-selection/1544" rel="noopener noreferrer nofollow">[SGP - 0001]</a>Proposal 3: Four part-time contracted Grant Reviewers: Proposal <a href="https://govern.iota.org/t/sgp-0002-shimmer-community-grant-committee-grant-reviewer-selection/1546" rel="noopener noreferrer nofollow">[SGP - 0002]</a>The five selected individuals will form the CommunityTreasury Grant Committee and will be responsible for the grant system and contracted under a legal DAO entity in the Marshall Islands.(The decision to establish a legally-recognized DAO with <a href="https://www.midao.org/" rel="noopener noreferrer nofollow">MIDAO</a> came after lengthy consultations with lawyers from different legislations seeking the optimal solution for the specific needs of a grant-giving community organization. Currently, the Marshall Island non-profit <a href="https://cointelegraph.com/news/marshall-islands-legally-recognizes-daos-as-domestic-limited-liability-companies" rel="noopener noreferrer nofollow">DAO LLC</a> offers one of the most decentralized and community-friendly <a href="https://legalnodes.com/article/marshall-islands-llc-as-a-dao-legal-wrapper" rel="noopener noreferrer nofollow">legal wrappers</a> for an organization with a DLT-based governance structure.)Should the proposal be accepted, the Governance Working Group and the Committee members will set up this committee and all necessary legal frameworks throughout the weeks following the vote.<h3 id="proposal-4-establishing-a-shimmer-growth-committee-as-part-of-the-tangle-ecosystem-association">Proposal 4: Establishing a Shimmer Growth Committee as Part of the Tangle Ecosystem Association</h3>The Shimmer community’s journey into governance and ownership independent of the IOTA Foundation is hugely encouraging. However, the progress can be slow, with trial and error being a part of the learning curve.That’s why Proposal 4 <a href="https://govern.iota.org/t/sgp-0003-shimmer-growth-committee-as-part-of-the-tangle-ecosystem-association/1552" rel="noopener noreferrer nofollow">[SGP - 0003]</a> is about establishing a Shimmer Growth Committee. It would consist of members of the IOTA Foundation, and the Community Treasury Grant Committee (as established under proposals 1-3) – these would be the Committee Lead (Proposal 2) and the two most-supported Grant Reviewers chosen in the member selection process (Proposal 3). Together, the Growth Committee members would work on boosting the Shimmer ecosystem, Shimmer’s utility, and its positioning in the market.The Growth Committee does not seek to replace community-driven efforts but speed things up and use all possible opportunities to grow Shimmer into one of the most attractive ecosystems for Web3 applications and builders.The next steps: digging deeper<ul><li>The Shimmer Governance Group invites you to read through the full proposals in the <a href="https://govern.iota.org/" rel="noopener noreferrer nofollow">Governance Forum</a> and ask questions if you need clarification. If you don’t yet have an account in the Forum, you can set one up by following <a href="https://govern.iota.org/t/read-first-shimmer-governance-guide/1406#part-1-how-to-participate-in-shimmer-governance-2" rel="noopener noreferrer nofollow">these simple instructions</a>.</li><li>You are also welcome to join the discussions in the <a href="https://discord.com/channels/397872799483428865/839927402242637834" rel="noopener noreferrer nofollow">#governance discussion channels</a> on the <a href="https://discord.iota.org/" rel="noopener noreferrer nofollow">IOTA Discord</a>.</li><li>We have opened a separate forum in our Discord that lets you directly communicate with the candidates and question them about their applications. Please visit the <a href="https://discord.com/channels/397872799483428865/1085434094445416448" rel="noopener noreferrer nofollow">Discord Candidate Forum here</a>.</li><li>For more background on each proposal, you can watch <a href="https://youtube.com/playlist?list&#61;PL5joP0FyJQU4eKPWfQWradNVjMIPq86ID" rel="noopener noreferrer nofollow">recordings of the weekly IOTA Discord governance calls</a>.</li><li>The Shimmer community has also developed a framework for all governance matters, including the proposals described here, which serves as the Shimmer “constitution”. You can find it <a href="https://github.com/iota-community/Shimmer-Governance/blob/main/The%20Shimmer%20Governance%20Framework.md" rel="noopener noreferrer nofollow">here</a> for reference.</li></ul><h3 id="how-to-participate-firefly-s-new-governance-feature">How to participate: Firefly’s new governance feature</h3>The latest Shimmer Firefly wallet upgrade delivers full governance voting functionalities, so please update your Firefly Shimmer wallet from the <a href="https://firefly.iota.org/" rel="noopener noreferrer nofollow">official Firefly website</a> and access the new Governance tab.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5c3e83ad66d543f590c9a6b9322d810d.png" />Here you can decide how much voting power (in Shimmer tokens) you want to use for the governance votes. You can then vote on each proposal with whatever amount of voting power you have chosen. If you participate in the votes, your tokens will not leave your control, and everything happens securely in your Firefly wallet.Find a step-by-step guide on using this new feature <a href="https://wiki.iota.org/shimmer/learn/governance/shimmer-firefly-governance-guide/" rel="noopener noreferrer nofollow">in the Shimmer wiki</a>.<h3 id="node-operators-help-count-the-votes">Node operators: help count the votes!</h3>Every Hornet Shimmer node with enabled <a href="https://wiki.iota.org/shimmer/inx-participation/welcome/" rel="noopener noreferrer nofollow">participation plugin</a> (this is enabled by default on all nodes that have been set up using the <a href="https://wiki.iota.org/shimmer/hornet/how_tos/using_docker/" rel="noopener noreferrer nofollow">recommended setup process</a>) will be able to participate in the decentralized counting and validation of the votes. To do this, you must add the events (as json or raw-links) you wish to count in your Hornet node dashboard.You can find the event links and a tutorial on adding them using the node dashboard<a href="https://github.com/iota-community/Shimmer-governance-participation-events#current-event-raw-links" rel="noopener noreferrer nofollow"> here</a>.Every vote counts, so choose wisely!Follow us on our official channels for all the latest Shimmer news:<a href="https://discord.iota.org/" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://twitter.com/shimmernet" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://www.linkedin.com/company/shimmernet" rel="noopener noreferrer nofollow">LinkedIn</a> | <a href="https://www.reddit.com/r/Shimmernet/" rel="noopener noreferrer nofollow">Reddit</a>

Shimmer Governance: Time to Vote

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