Phase Three: Full DAO Control

In the longer term, after establishing a robust Senate, Phase Three aims to achieve Full Decentralization by transitioning all governance aspects to a completely grass-roots community-driven model. This phase ensures that Millicent One operates with maximum autonomy, leveraging decentralized mechanisms to empower every community member.

Structure and Composition

• Fully Decentralized DAO: Transition all governance functions to the DAO without intermediary bodies like the Senate or Security Council.

• Token-Based Participation: Broaden use of veMILLI to enable all token holders to participate directly in governance decisions, proposals, and voting.

• Specialized Committees: Establish ad-hoc committees formed and governed by community consensus to handle specific tasks or projects, ensuring flexibility and responsiveness to emerging needs.

• No Fixed Hierarchy: Remove fixed positions such as Senators, promoting a flat governance structure where all participants have equal potential to influence decisions.

Key Responsibilities

• Comprehensive Legislative Authority: Allow all community members to propose, discuss, and vote on any aspect of the Millicent One protocol and governance without intermediary approval.

• Dynamic Resource Management: Enable the community to autonomously manage and allocate resources, funding development initiatives, and adjusting reward mechanisms based on collective decisions.

• Self-Governance Security: Implement decentralized security protocols where the community can propose and execute security measures, updates, and emergency responses without relying on a Security Council.

• Continuous Improvement: Facilitate ongoing protocol enhancements and governance optimizations through direct community input and consensus-driven initiatives.