Author: Coinyak
Date: [2026-04-29]
Related links: BOB DAO Governance Charter - https://docs.gobob.xyz/assets/files/bob-dao-charter-v1-0-82d9bf1cc29070c51df8965e9dba786c.pdf
1. Summary
This proposal asks the BOB DAO to formally ratify its Mission Charter - the foundational principles that define what the DAO exists to do, how it governs itself, and how it manages treasury funds. Ratification turns these principles from a draft into the community’s binding governance framework.
2. Motivation
During the Token Generation Event for BOB, The BOB Foundation committed that $BOB token holders would have governance rights over the protocol, with BOB DAO Delegation live from Day 1.
44.76% of the total token supply was allocated to Ecosystem & Community, to be stewarded by the BOB Foundation together with the BOB DAO via on-chain governance as outlined in the official BOB tokenomics.
The on-chain infrastructure to deliver on that commitment is now operational at http://gov.gobob.xyz - delegation, voting, and proposal submission all work.
What has not yet happened is formal community endorsement of the governance framework itself: the mission, the proposal process, the multisig structure, and the rules governing treasury decisions.
BAP-001 is intentionally the first proposal. It fulfils the Foundation’s original commitment by putting the governance framework to a community vote, making token holders - not any single entity - the source of legitimacy for the rules. Every future proposal, whether it allocates treasury funds, upgrades the protocol, or modifies governance itself, depends on this foundation being in place.
3. Proposed Change
This proposal asks the community to formally adopt the BOB DAO Governance Document as the binding governance framework for the DAO.
The document covers:
Mission: The BOB DAO exists to accelerate the adoption of Bitcoin as global financial infrastructure for the masses - spending, saving, borrowing, earning, everything - with trust built into protocols, not manufactured through layers of intermediaries.
Core pillars: Bitcoin global financial infrastructure (Gateway, Vaults, consumer products), Technical (protocol infrastructure, smart contracts, security), and Growth & Ecosystem (integrations, partnerships, community programs).
Governance process: A four-stage cycle - Discussion, Proposal Submission, Voting, and Implementation - with defined thresholds (0.07% of total supply to submit, 0.5% of total supply for quorum, >50% to pass, 7-day voting period, 7-day timelock).
Proposal types: All proposals related to BOB will be referred to as BOB Acceleration Proposals (BAPs). There are 3 types of BAP: Spending Proposals (treasury allocations), Technical Proposals (technical upgrades), and Governance & Structural Proposals (changes to the framework itself).
Delegate system: Open registration, permissionless delegation, and three focus areas (Bitcoin global financial infrastructure, Technical, Growth & Ecosystem).
Multisig: Initially, a 4-of-5 multisig wallet secures DAO funds, composed of a Foundation Director, two active community members, a financial expert, and a technical expert. The multisig executes approved proposals and holds veto authority over malicious or harmful actions. Over time, the treasury will be moved on-chain into a DAO-governed smart contract.
Future governance: The framework is designed to evolve. Structures, roles, and processes can be adapted through future Governance & Structural Proposals as the community’s needs change.
The full BOB DAO charter can be reviewed here: BOB DAO Charter
No transitional arrangements are required. The governance infrastructure is already operational; this proposal formalises community endorsement of the rules governing it.
4. Rationale
Every DAO needs a starting point - a baseline set of rules the community agrees to operate under before it begins making decisions. Without this, there is no shared reference for what constitutes a valid proposal, how votes are conducted, or who has authority over funds.
Ratifying the governance document as the first BAP ensures that the community - not any single team or entity - is the source of legitimacy for the framework. It also sets a precedent: governance structures at BOB are not imposed, they are proposed, discussed, and voted on like anything else.
Alternative approaches were considered, such as launching governance without a formal ratification vote and simply treating the framework as accepted by default. This was rejected because it undermines the principle of community sovereignty that the DAO is built on.
5. Impact on Stakeholders
Token holders: Gain a formally endorsed governance framework that protects their interests and defines how their voting power is exercised.
Delegates: Receive a clear mandate and defined responsibilities for how they represent token holders and participate in governance.
The Foundation: Transitions from being the sole author of governance rules to operating within a framework endorsed by the community.
Multisig members: Their composition, authority, and responsibilities become formally ratified, including the 4-of-5 threshold and veto power.
Builders and ecosystem participants: Gain clarity on how to engage with the DAO - how proposals work, what gets funded, and where to contribute.
Service provider: Upon passing of the proposal, it will be ratified that Scopelift will act as the on-chain voting platform for the BOB DAO to submit and vote on BAPs.
6. Implementation Notes
If this proposal passes, the BOB DAO Charter becomes the official, community-ratified governance framework.
The practical effect is that all future proposals, votes, and treasury actions will be governed by the rules set out in this document. Any changes to the framework itself would require a new Governance & Structural Proposal and community vote.
7. Precedent & References
Ratifying a governance framework or constitution as the first community action is standard practice among well-governed DAOs. Comparable precedents include Arbitrum’s AIP-1 (ratification of the Arbitrum DAO Constitution), Optimism’s Working Constitution, and ENS DAO’s foundational governance proposal. Each of these established the baseline rules before any spending or technical decisions were put to a vote.
8. Conflicts of Interest
The author has previously worked with the BOB Foundation as an evangelist and community contributor. This involvement included supporting community growth and communications around the project.
The author is not directly compensated based on the outcome of this proposal and does not receive additional financial benefit if this proposal passes.
The governance document being ratified was originally authored by the Foundation, and the author’s views may be aligned with the Foundation’s perspective.
9. Open Questions for the Community
This is where we need your input.
- Is there anything in the governance document that is unclear, missing, or that you believe should be revised before the community formally adopts it?
This discussion phase is your opportunity to shape BAP-001 before it goes to a vote. Read the full governance document, share your perspective, and help us get this right.
10. Important: Before You Submit on the BOB voting platform
After discussion and feedback and before moving this proposal to a formal vote, the author will reply to this thread with:
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A summary of the key feedback received
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Changes made to the proposal as a result
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Any feedback considered but not incorporated, and the reasoning