[PRC #0] - Constitution

TL;DR:

  • Forming & encoding a mission & guiding principles of the PWN DAO
  • This is a kick-off thread - discussion should follow here.

Mode: Community
Proposal: WIP (TBD ETA 7 days)
I put up the placeholder proposal to start occupying your mental space with the constitutional agenda.

On-chain actions: None

Finally here is my proposed draft of the PWN DAO Constitution:

PWN DAO Constitution

This document constitutes the guiding principles of the PWN DAO and sets its core mission.

I. Pragmatic Idealism

While we set a course for operating a globally decentralized autonomous organization of PWN DAO in a way that increases individual liberties and fosters open access to safe and stable financial tools for everyone’s benefit, we do so acknowledging real-world constraints. We operate in the most resourceful and financially rational way possible to ensure the long-lasting operation of the PWN DAO and its services.

II. Credit Union, Not a Bank

PWN DAO aims to become an open credit union fostering services for its members and community, rather than competing with the most popular retail products.

III. True DeFi

Every service PWN DAO sets to build and provide must be operated in a non-custodial way at its core. This means that users maintain control of their funds at all times. PWN DAO shall not ever get to a position where it could seize funds in its contracts in a non-standard way (as any other user).

IV. Build Tools

PWN DAO’s goal is to build and maintain a comprehensive suite of relevant and useful products and tools surrounding the PWN Protocol. It should not become a single product initiative, as then it would fail to live up to its potential.

V. Reward Proactive Enthusiasm

PWN DAO sets to reward proactivity and community business and ecosystem development to ensure that others have an incentive to carry the torch forward once its core contributors exhaust their potential.

VI. Giving Back

PWN DAO sets it as a cultural standard to contribute back to the maintainers of code it is using, after our own core operational costs and needs are fully covered. This may include financial contributions, code improvements, or other forms of support.

VII. Build to Last

We optimize for longevity and long-lasting impact rather than playing short-term games chasing ephemeral hype. While we can follow trends, we don’t do so blindly without a long-term thesis in mind.

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