Good evening everyone 👋

Governance is now live 💥

Open Governance is a project that we have been working on for years. When the original ambition for Edge was set out, it included the operation of the platform as a decentralised autonomous organisation, or DAO. The definition of a DAO has been and continues to evolve as projects like Edge work to establish themselves as community centred organisations.

Broadly: a DAO is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity.

With a goal of full decentralisation, moving from a central organisation to a DAO is a logical progression for Edge. The progress towards this goal has included establishing a traditional not for profit company in the UK, with articles that tie its operation to the DAO. This set up allows the project to operate as a commercial entity with a framework for membership that encourages the participation of as wide a group of people as possible.

With governance live you can now participate directly in setting the direction and agenda for the project.

For the individual this means having a say in the decisions made about the operation of Edge. And for the project it means being able to tap into the thoughts, ideas and opinions of a much larger group of people – harnessing the “hive mind” to accelerate the growth of the project.

You can access open governance for Edge here: https://ed.ge/governance

So how do you participate?

Participating in governance requires an active governance stake. Governance stakes are locked for a 12 month period. Governance stakeholders have the ability to both create and vote upon proposals, as well as comment on existing proposals. Every action in governance carries a small cost in $XE. These measures are designed to keep the quality of the submissions high.

To use the open governance interfaces, connect your wallet. When you take an action, if you don’t have a governance stake yet, you will be prompted to create one. From there, it should all be pretty self explanatory.

We’ll post a short video introduction in the next week or so.

A set of guiding principles for the core team have been established. These established the requirement for the use of governance for any change to the network that materially impacts:

1. The tokenomics of the network; 2. The involvement of the community in network governance; 3. The ability of the community to contribute capacity to the network; 4. The operation of the network as a services layer for Web3; 5. Live or planned services on top of the network.