Hubble DAO Policy Team Proposal
This proposal seeks the objective to:
Establish a Hubble DAO Policy Team with initial members as follows:
The Hubble DAO Policy Team will exist to facilitate the following:
- Oversee complex exchange specific functions such as establishing and updating ongoing system parameters.
The Hubble Exchange is a community run DAO which operates off the standard proposal based governance mechanisms. Seeking inspiration from DAOs like Olympus, the Policy Team’s primary objectives are to ensure that intricacies regarding specific platform operations are handled in a careful and timely manner.
Operation of minute System Parameters through the standard governance proposal procedures will result in significant proposal overhead and require the community to continually vote on adjustment of complex technical platform mechanisms, potentially restricting the operational capacity of the system altogether and introducing governance fatigue which may be untenable in the long-run. As such, an introduction of a bespoke Hubble DAO Policy Team (hereafter “Policy Team”) will serve to alleviate some of these concerns regarding timeliness, ongoing practicality and fatigue.
To adjust systemic levers as required on a time to time basis, operating System Parameters should be delegated insofar as the operations outlined below to a Policy Team whose objectives are restrained and aligned directly with the Hubble DAO and who are dedicated to ensuring the ongoing health of the protocol.
Hubble Exchange’s System Parameters primarily include, but are not limited to:
- Assets offered to trade at the beginning
- Assets allowed as collateral
- $ amount necessary to avail 10X leverage
- Trading fees and trading fee splits
- Establishing a base liquidation fee
Additional functions to be delegated to the Policy Team shall be decided from time to time by the Hubble DAO via additional proposals in the usual governance process.
The Policy Team’s initial and future System Parameters as decided by the DAO via future proposals can be overwritten by the overarching Hubble DAO through governance at any time.
Additional members to the Hubble DAO policy team can be appointed through governance. Current members of the Hubble DAO policy team can be removed via the same mechanisms of governance, insofar as these proposals are not malicious nor involved with any attempt at hostile takeover.
The Hubble Exchange and its mechanisms are complex in nature and require a significant number of ongoing tweaks as development continues. Therefore, it is necessary for a Policy Team to pull System Parameter levers as necessary to ensure the continual smooth operation of the platform.
The Policy Team shall solely be responsible for management activity of certain operating platform functions (“System Parameters”), outlined above, and cannot exercise activity beyond this scope in fundamentally changing any aspect of the platform in form nor substance.
If this proposal passes, the DAO tasks the Policy Team to determine Hubble’s exchange parameters in the best interest of the protocol’s health and the DAO.
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