Frontinus.House is now live, and it is time to permanently ratify it on-chain. To mitigate risks in social, protocol, and regulatory areas, the governance process needs to be fully moved on-chain.

The following risks will be addressed:

• Regulatory capture of multisig users.
• Social engineering risk.
• Smart contract risk.

This process is essential for ensuring the security of the DAO and plays a critical role in achieving true decentralization of Bibliotheca DAO while eliminating centralizing factors.

Execution

This will require the participation of Bibliotheca DAO members and developers, as there is a paradigm shift in governance within the DAO.

DAO Members:

• Users will need to restake their tokens in the new contracts.
• All emissions will be transferred to these contracts.
• Voting will be conducted on Layer 2 using SnapshotX.
• Submitting a BIP (Bibliotheca Improvement Proposal) will require submitting a transaction as well.

Contributors

• The development of on-chain governance will follow the structure of the OpenZeppelin governor contract. For more information, refer to the following link: OpenZeppelin Governor Contract
• For ERC721Votes, refer to the OpenZeppelin API documentation: ERC721Votes API
• Minting and transferring of $LORDS tokens to the new on-chain governance contracts.
• Moving any emission contracts to the governance contracts.
• Development of SnapshotX integration into the governance contracts.

The Goal of Onchain Governance