The SuperRare DAO
The future of decentralized curation, community organizing and artist empowerment
$RARE token holders collectively comprise and govern the SuperRare DAO – a decentralized organization that will oversee key platform parameters, allocate funds from the Community Treasury, and vote on proposed improvements to the network and protocol.
The SuperRare DAO comprises a number of key components at launch, and is expected to evolve over time through transparent self-governance. All changes to the SuperRare DAO must be voted in through $RARE governance.

Governance Council

A 7-person governance council controls the Community Treasury via 4-of-7 multi-sig wallet.
The genesis signers for the Governance Council are:
    John Crain; CEO and Co-Founder of SuperRare Labs
    Nick Tomaino; Founding Partner @ 1Confirmation
    Derek Schloss; Partner @ CollabCurrency
    Cooper Turley; Partner @ FireEyes.xyz
    Serena Tabacchi; Founder & Curator @ MoCDA
    Simona Pop; Community Strategy @ Status
    Pindar Van Arman; OG Artist @ SuperRare
Council signers merely act as executors for decisions passed through governance. Signers do not have the ability to unilaterally allocate treasury funds and merely oversee the safety and security of the underlying assets controlled by the DAO.
This council consists of 1 team member, 3 investors and 3 community members.
While the initial Genesis Council has has been pre-selected for launch, they are eligible to be replaced through governance at the choosing of $RARE holders.
The Governance Council acts as an intermediary step between the existing structure of SuperRare governance and a fully decentralized future.

Initial governance mechanics

SuperRare Improvement Proposals (SIPs) are the means by which the community will present upgrades and distributions through $RARE governance. SIPs are created by token holders and shared on the SuperRare governance forum. Once soft consensus has been reached, proposals will be voted on using off-chain governance via Snapshot.
100,000 $RARE (or 0.01% of the total supply) must be held by an address (either individually or through delegation) in order to submit a proposal to the Council. To be accepted, a proposal must have at least 10,000,000 $RARE voting (or 1% of total supply) to achieve quorum, and pass with a 51% majority.
All Snapshot votes will feature a 96 hour voting window unless otherwise stated.

Staking & Curation incentives

In addition to governance, $RARE will increasingly serve to incentivize participation and curation inside of the network. While these incentives will not be live at launch, governance may vote to allocate $RARE tokens as they see fit. This may include future liquidity and/or staking programs as deemed valuable by token holders.
Outside of incentives post launch, $RARE will be used to aid in the curation of SuperRare. $RARE tokens will allow users to stake to different galleries to signal alignment, delegate votes and access staker-only benefits (e.g. fee sharing, art access, governance over galleries, etc).
$RARE curation will not be live at launch, though SuperRare is expected to give token holders the ability to participate in curation activities in order to earn incentives and commissions in future iterations of the platform.
Last modified 2mo ago
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