DAODAO
The API3 DAO governs through the Snapshot space api3.eth, where holders of the API3 token vote on proposals. Voting is off-chain: a vote is a signed message that Snapshot collects, and the voting power behind it is read from Ethereum mainnet at the block the proposal names. The API3 multisigs execute a proposal once it has passed and its result has been verified.
💡 Tip
For quick reference, you can copy-paste llms-full.txt to your choice of AI assistant.
How it works
- Voting power is counted per API3 in your wallet, in the DAO pool, during unstaking and as collateral in the Kabu API3/USDC market on Morpho, at the block a proposal names. Delegation hands it to another address, either for your stake alone, inside the pool, or for everything you hold, on Snapshot.
- Voting is a gasless signature on snapshot.box, For or Against, during the seven days a proposal is open. Anyone with 500,000 API3 of voting power can post a proposal, and it passes with at least 10,000,000 API3 in favour and more votes for than against.
- Independent verification recomputes a result from the chain before the API3 multisigs execute it.
Governing proposal
The DAO migration proposal, passed in the legacy DAO, sets out the governance rules, the mandate and the charter. These pages explain how to participate under those rules.
Treasuries
The space lists three multisigs as its treasuries. They hold the DAO's assets and execute what passes (see Execution).
| Multisig | Role |
|---|---|
| Vault | Holds the DAO's assets other than API3 and controls api3.eth and its Snapshot settings. Posts proposals and votes with the pool stake delegated to it. |
| Agent | Runs day-to-day operations and holds only what they need. Its own voting power is delegated to a dead address. |
| Treasury | Holds the DAO's API3. Its voting power is delegated to a dead address, and it does not post proposals. |
Changes to the Snapshot settings and other rules of governance follow the rule-change execution period.
Legacy DAO
Governance used to run on Aragon contracts, with a staking pool and a dashboard for it. The pool is still in use: stake in it counts as voting power and pool delegations still apply to the stake, but staking is no longer needed to vote and the pool pays no rewards. The dashboard stays online until the end of March 2028 for unstaking, withdrawing and undelegating. The legacy documentation covers the pool, the dashboard and the contracts, and how to use the pool on Etherscan without the dashboard.