# Governance

### Harvard Blockchain Proposals (HBPs)

For the first semester of the club’s governance (“Governance V1”), all proposals will be initiated by the Core Team. Over **75% of the Core Team** must agree on bringing a proposal to a club-wide vote, ensuring that (a) it falls within the scope of the club’s on-chain governance parameters and (b) is not destructive to the club. This proposal and deliberation process is handled in the Core Team’s biweekly meeting.

When a proposal has passed the Core Team’s vetting process, it will go to Snapshot vote. The process will be a **5-day, simple majority vote**, where each Voting Member has a **single vote** (whitelisted Ethereum address on Snapshot). A section of the Discord server (#club-governance) will announce the proposal and be a site for deliberation around it.

Once the result of the Snapshot vote has concluded, the Core Team will act as executors of the result.

### Governance Scope

Proposals will initially focus on:

* **Use of funds** in the club’s Treasury, particularly those from BitDAO’s EduDAO. This includes grants, new initiatives, or the allocation of idle funds. 
* **Club vision**, such as setting priorities for how the Core Team’s time should be allocated to best serve the interests of the club’s members.

### Membership NFTs

Instead of whitelisting Ethereum addresses, we’ll eventually transition to non-transferable membership NFTs. The governance power of these NFTs will “expire” and be replaced with a new one each academic year (starting and ending on September 1st). There are multiple reasons for this:

* **Greater governance flexibility**. Votes can include or exclude past members, depending on the topic. Roles can also be revoked. 
* **Collectibility**. Each “season” of the club can have a different NFT design, which serves as a memory of the experience. Also allows for technological changes to NFT standards (e.g., programmability) as the industry progresses. 
* **On-chain reputation**. A member’s wallet shows how many years they’ve been in the club, the different roles they’ve held, and so on. Useful to verify participation in the club for employment or other reasons.

### Treasury

The club’s Treasury will be a Gnosis Safe multi-sig wallet, of which the Core Team members are the signatories. At first, this will be entirely composed of the funds from BitDAO’s EduDAO.

### Links

[**Harvard Blockchain Snapshot**](https://snapshot.org/#/harvardblockchain.eth)