diff --git a/specification/docs/requirements.md b/specification/docs/requirements.md index 45b7cc3..268f892 100644 --- a/specification/docs/requirements.md +++ b/specification/docs/requirements.md @@ -24,13 +24,17 @@ Validation Pools mint and award Reputation (REP). REP can be used for staking fo 1. Reputation (REP) is minted in proportion to the submitted fee + 1. Half of the minted REP is staked in favor of the VP + + 1. Half of the minted REP is staked against the VP + 1. A Validation Pool must include the following parameters 1. Quorum (between 0 and 1) - 1. Win ratio (between 0 and 1) + 1. Win Ratio (between 0 and 1) - 1. Binding percent (between 0 and 100%) + 1. Binding Percent (between 0 and 100%) 1. Redistribute losing stakes (boolean) @@ -38,6 +42,21 @@ Validation Pools mint and award Reputation (REP). REP can be used for staking fo 1. A DAO member may stake Reputation for or against a Validation Pool after the pool is initiated and before the duration elapses +1. Once the duration has elapsed, the outcome of the VP may be evaluated. + + 1. If the Validation Pool is accepted, + + 1. If Redistribute Losing Stakes is true, Binding Percent of losing stakes shall be distributed among DAO members who staked in favor of the VP, in proportion to their stakes. + + 1. If Redistribute Losing Stakes is false, Binding Percent of losing stakes shall be burned rather than redistributed among the winners. + + 1. The half of the minted REP that was staked in favor of the VP is awarded to the Target Forum Post. + + 1. If the Validation Pool is rejected, and Redistribute Losing Stakes is true, losing stakes as well as the half of the minted REP that was staked against the VP shall be distributed among DAO members who staked against of the VP, in proportion to their stakes. + +1. After the Validation Pool concludes, the fee provided by the Customer shall be distributed among all DAO members (Workers) in proportion to their REP balance. + + ### Executive @@ -55,12 +74,6 @@ The day to day operations of a DAO are centered around Work Smart Contracts (WSC 1. The Staking Clients must verify the work evidence, and stake for/against a Validation Pool targeting the Work Evidence Post. - 1. If the Validation Pool is accepted, the Worker as well as Staking Clients who staked in favor of the VP, shall receive REP rewards in proportion to their stakes. - - 1. If the Validation Pool is rejected, the Worker as well as Staking Clients who staked in favor of the VP, shall have their staked REP redistributed to the Staking Clients who staked against the VP. - -1. After the Validation Pool concludes, the fee provided by the Customer shall be distributed among all DAO members (Workers) in proportion to their REP balance. - ### Legislative The DAO will need to be able to update the rules by which it operates, in order to respond to changing circumstances or goals. There will not always be unanimous consensus regarding what changes to make. Therefore, we need a legislative governance process that a DAO can use in order to progress from disagreement to agreement.