The Community DAO (or just “the DAO”) governs the day-to-day operation of the protocol.
Voting is based on a user's holding of "Vote Escrowed VRH" (veVRH). veVRH is obtained by locking VRH for up to 4 years, with 1 veVRH equal to 1 VRH locked for 4 years. As the lock time decreases, an account's veVRH balance decreases linearly as the time remaining until unlock decreases. veVRH is non-transferrable.
An account must have a minimum balance of 2500 veVRH to make a DAO vote. Each vote lasts for one week. Votes cannot be executed until the entire week has passed.
The DAO has ownership of two admin accounts:
The ownership admin controls most functionality within the protocol. Performing an action via the ownership admin requires a 30% quorum with 51% support.
The create guild admin controls only create guild function within the protocol. Performing an action via the create guild admin requires at least 1 million votes with 51% support.
However, the create guild admin is controlled by ownership admin. It means create guild App in Aragon VRH DAO is protected by ownership DAO.