TLD Whitepaper
  • Part I: What is The LifeDAO?
    • Introduction
    • Mission
    • Background
      • Islamic finance and insurance
      • Why is conventional insurance not shariah-compliant?
      • Takaful, an Islamic alternative to conventional insurance
        • Takaful vs. Conventional Insurance
        • Takaful in light of the Shariah
    • The LifeDAO: Inspired by Takaful, native to the blockchain
      • Two Funds, Two Entities
      • Risk, Solvency and the Benefit Multiplier
      • Shariah compliance of TLD
    • The Takadao Protocol
      • Takadao’s Technology Stack
      • Takadao Reprotection Pool
  • PART II: The LifeDAO Membership
    • Member Journey
    • The LifeDAO Membership
      • Membership Benefits
      • Membership Privileges
      • Benefit 1: Benefit Payout
      • Benefit 2: Surplus Distribution
      • Benefit 3: Governance Rights
      • Privilege 1: Verifier Incentive Program (VIP)
      • Privilege 2: Contributor Committee
      • Privilege 3: TAKA Token Airdrops
      • Allocation of Membership Contributions
      • Benefits Payout Management
      • Governance and the Contributor Committee
      • Contributor Functions
        • Screen Proposals
        • Endorse and Advocate for Proposals
        • Implement Proposals through Multisig
      • The LifeDAO Investment Pools
        • Investment Conditions
        • Deposit and Withdrawal Mechanisms
        • Governance
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  1. PART II: The LifeDAO Membership
  2. The LifeDAO Membership

Governance and the Contributor Committee

PreviousBenefits Payout ManagementNextContributor Functions

Last updated 1 month ago

While day to day operations of The LifeDAO are managed by the Takadao protocol, high level strategic decisions are made by TLD members through governance processes. These governance processes are facilitated by the Contributor Committee whose 9 Contributors are elected by the TLD membership through voting.

In turn, Contributors screen proposals that are submitted to TLD according to governance bylaws. Once accepted by Contributors, proposals are then put forth to the TLD membership and voted on. In case voting does not produce a quorum, Contributors may decide on behalf of the TLD membership.

Contributors also act as community facilitators to explain and answer questions on proposals that they have screened and endorsed.

Once a proposal is voted on and accepted by the TLD membership, it may necessitate a smart contract update which will be executed by Takadao and approved by a multisig wallet controlled by the Contributors. Approvals are therefore recorded on-chain and publicly verifiable.

Contributor Specialization

Treasury

Operations

Risk

Role

Screening proposals related to TLD's financial resources

Screening proposals related to the daily operations of TLD

Screening proposals related to TLD's risk and compliance

Proposal Areas (non-exhaustive)

  • Financial strategy development

  • Financial risk management

  • Liquidity management

  • Investment oversight

  • Financial reporting and forecasting

  • Choice of third party service providers and partners

  • Implementation of governance processes and proposal facilitation

  • Security and Bug bounty programs

  • Changes to affiliate programs

  • Changes to risk assessment algorithms and membership parameters

  • Legal compliance and risk profiles

  • Changing policies and procedures

  • Leveraging advanced analytics for decision-making and risk management

Contributors are voted in by the DAO membership and undergo a background check that clears them from any prior criminal convictions and any convictions in financial matters.