KIP-0┃KUMA Governance Framework

Mimo Labs proposes to create a governance framework for the KUMA governance controlled by vMIMO holders.

Since Mimo Labs gives the ownership of the newly KUMA Protocol, the KUMA DAO requires to have its own Governance Framework to structure discussions between DAO members.

That’s why this post aims to define a framework for the KUMA governance, by defining several types of proposals depending on the subject discussed, voting on DAO rules, and creating templates that should be helpful for everyone trying to participate.

Posting a proposal on the governance forum and discussing it there first allows a sentiment check and some valuable feedback about the DAO members ideas and upcoming snapshot votes. We could open a channel for each proposal on discord and archive it once voted.

I) Required information for any proposal:

Governance forum post:

Each proposal should be posted on the governance forum for at least 48 hours before posting the snapshot, which allows the DAO members to give some feedback, propose changes, and vote on a sentiment poll.

Proposal type, number and name:

Each proposal must be easily identifiable and correctly classified.

  • Type: KIR - KGP - KIP. This will be detailed in the second part of the proposal

  • Name: The name must be the same on the forum post and snapshot (Max 10 words)

  • Number: Each proposal must have a number that represents the post order on the forum and on Snapshot (KIP-0, KIP-1, etc.)

Summary: Short description of the proposal (1-2 sentences max)

Rationale: Detailed explanation of the proposal and milestones for its execution.

Means: Resources needed for this proposal

  • Human resources: Special skills required (dev or others)

  • Treasury resources: Proposal cost (in any tokens ($)), % of the treasury required

Technical implementation: Highlight the technical implementations of this proposal if any

Voting options: Mention the options that will be included on the snapshot vote, including an “Abstain” one.

Sentiment poll: A poll on the governance forum post to get a first sentiment at least 48 hours before submitting a snapshot proposal

II) Proposals types and formats:

A way to define different types of proposals, depending on the subject discussed and the importance for the protocol.


KUMA Integration Request (KIR):

Proposal to add a new type of NFTs bonds

Bonds Presentation : (examples)

  • The type of bond: Sovereign, Corporate

  • The entity emitting the bond: France, United States

  • The entity tokenizing the bond: Mimo Capital AG

  • The id of the bond: ie. CUSIP

  • The nominal amount: 1000 EUR

  • The maturity: 1 year

  • The lifetime: Until 31 Dec 2023

  • The coupon: 5%

  • The currency: EUR, USD

  • The derived risk class: French government bond 1 year

Considering that the integrations proposals can happen quite often, and that the risk for the protocol is lower than other proposal types, we could consider the following parameters:

  • Admin: Team multisig

  • Quorum: 0.1% of the total supply (1M MIMO)

  • Voting duration: 3 days


KUMA Governance Proposal (KGP):

KGPs are about common governance proposals, especially the ones related to the treasury of the protocol and the DAO organization.

This type of proposal should include, in addition to all the points mentioned in the first part:

Context: (After summary)

Comprehensive overview of the proposal, treasury breakdown if needed.

The KGPs would concern but wouldn’t be limited to:

  • Treasury allocation strategy & budgets

  • Liquidity mining votes if any

  • Grant program if any

  • Contributors/Dao committees rewards

  • Long term partnerships (i.e Dao Swaps)

KGPs concern the protocol treasury directly, which is why it might be best to define more conservative parameters than KIR ones:

  • Admin: Team multisig

  • Quorum: 0,25% of the total supply (2,5M MIMO)

  • Voting duration: 5 days


KUMA Improvement Protocol (KIP):

KIPs are about the most important modifications either on the governance framework, or on the protocol directly.

This type of proposal should include, in addition to all the points mentioned in the first part:

Context: What’s the modification and why it’s needed.

KIPs would concern but wouldn’t be limited to:

  • New version of the protocol

  • Modification of a smart contract

  • Updates on the initial parameters

  • Modification of the governance framework

  • Add/Remove a signer on the DAO multisig (will be introduced in the next few months)

KIPs are the most critical and important types of proposals, as it’s directly about the core product of KUMA Protocol or a major change in the functioning of governance.

It’s very important to get as much DAO members aware of this kind of proposal for them to vote accordingly, which is why we should consider more conservative parameters, and a longer voting period:

  • Admin: Team multisig

  • Quorum: 0,5% of the total supply (5M MIMO)

  • Voting duration: 7 days

Voting Options:

  • Accept the governance framework
  • Rework the proposal
  • Abstain

Authors: @starny & @JeanBrasse from Mimo Labs

Sentiment poll:

  • Accept the governance framework
  • Rework the proposal
  • Abstain

0 voters


awesome job team.
when can we expect this proposal at snapshot?

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The vote is starting tomorrow morning at 10am CET and finish the 15th February at 10am CET.

:ballot_box: Vote here :point_down:

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:white_check_mark: With over 5.6M votes from $vMIMO holders, the proposal has been approved !

The Kuma governance will now be controlled by $vMIMO holders.

Results: Snapshot

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