Metera Protocol V.1
  • 🚀Welcome to Metera Protocol Documentation
  • ♟️Content
    • What is Metera?
      • About us
      • Key Features
      • Metera Tokenized Indexes
        • Why MTKs?
        • Minting MTK Shares
        • Auto-balancing Algorithm
      • Metera Token ($METERA)
        • Utility and Incentives
        • Deflationary Tokenomics and Burning Mechanisms
      • Metera DAO MTKs
        • Types of DAO MTKs and Creation Process
          • DAO-Owned MTKs (DOM)
          • Partially DAO-Owned MTKs (PDOM)
    • Testnet v2
      • Minting and Burning
      • Faucet
      • Index Creation
    • Indices (MTKs)
      • DePin Cardano Index ($mDePin)
  • 🔬Metera WIKI
    • Tokens
    • Users
    • Roadmap
  • 🌐Governance
    • Governance
      • Dao Treasury
      • Protocol Owned Liquidity (POL)
    • Tokenomics
  • Linktree
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  1. Content
  2. What is Metera?
  3. Metera DAO MTKs
  4. Types of DAO MTKs and Creation Process

DAO-Owned MTKs (DOM)

DOMs are intended to serve as strategic instruments managed entirely by the DAO. DOMs generate revenue for the DAO in MTK shares. This revenue can be split with DAO treasuries and projects within the asset composition list, incentivizing co-marketing and exposure to their communities.

Creation Process

1. Proposal Submission Process

  • Open Submission Windows: During special proposal periods, community members and stakeholders can submit proposals for new DOMs.

  • Fixed Issuance: A predetermined fixed number of DOMs will be issued per voting period to ensure platform stability.

2. METERA Participation

  • Minimum METERA for Submission: Proposers must commit a minimum amount of METERA to submit a proposal.

  • Minimum % of METERA as an underlying: Proposed MTKs must meet a minimum percentage of METERA as an asset from the asset composition list of the MTK as defined by the DAO, promoting volume and demand for the METERA token.

3. Approval Criteria and Evaluation

  • Vote-Based Selection: All proposals submitted during the period are put to a vote. The proposals with the highest votes will be approved.

  • Fixed Quota: The DAO will approve as many DOMs as allowed by the predetermined number for that proposal period, ensuring a controlled and manageable expansion. The Metera Team will set a quote based on protocol capacity and limits.

  • Risk Management: Proposed assets must meet a minimum Xerberus risk rating defined by the DAO, ensuring quality and security.

  • Maximum and minimum fee structure: The entry and exit fees must be within the upper and lower boundaries defined by the DAO.

  • Revenue Share Conditions: Sometimes, the DAO may approve revenue-sharing arrangements for specific DOMs, allocating some revenue to contributors or strategic initiatives supporting the protocol’s growth.

  • METERA Burning: If approved, no METERA will be burned. If rejected, a percentage of the METERA committed will be burned.

4. Post-Voting Procedures

  • For Approved Proposals: Approved proposers will have their fully committed METERA returned and finalize the MTK creation.

  • For Non-Approved Proposals: To discourage frivolous submissions a % of the committed METERA will be burned while the remaining % being returned.

Disclaimer: The information provided is based on the current framework and represents a skeleton infrastructure. Additional details and changes may be implemented as we continue to focus on governance and further development. Please be aware that the structure and terms outlined are subject to revision by the Metera Team as we refine and enhance the system.

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Last updated 11 hours ago

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