The SuperRare DAO
The future of decentralized curation, community organizing and artist empowerment
$RARE token holders collectively govern the SuperRare DAO – a decentralized organization that will oversee key platform parameters, allocate funds from the Community Treasury, and effectuate proposals passed through community governance relating to 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.
A 7-person governance council controls the SuperRare DAO Community Treasury via a 4-of-7 multi-sig wallet.
The current members of the Governance Council are:
- John Crain; CEO and Co-Founder @ SuperRare Labs
- Nick Tomaino; Founding Partner @ 1Confirmation
- Fanny Lakoubay; Collector & Advisor @ LAL Art Advisory
- Serena Tabacchi; Founder & Curator @ MoCDA
- Simona Pop; Community Strategy @ Status
- Pindar Van Arman; OG Artist @ SuperRare
- Charles Crain; CTO and Co-Founder @ SuperRare Labs
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 SuperRare Labs team member, 2 SuperRare Labs investors and 3 independent community members.
While the initial Council members were 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.
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. As provided in the approved Proposal:[SIP-0][Meta-governance] "Update and establish SIP procedures for SuperRare DAO governance," the SIP procedure require soft community and Council consensus before going up for an official $RARE token vote.
Any member of the DAO is eligible to propose a SIP for consideration in the governance forum. Once a proposal has passed a temperature check and been formally sponsored by a Council member it will be eligible to be considered by the network in a Snapshot vote. To be accepted, a proposal must have at least 5,000,000 $RARE voting (or 0.5% of total supply) to achieve quorum, and pass with a 51% majority.
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.