# DAO Governance Metaspace DAO is a community-driven solution to create a decentralized system of governance. The core idea is to eliminate the need for a central authority and put the community in charge of the decision-making. The DAO’s smart contract will dictate all rules. This immutable contract ensures that the community decides MetaSpace’s future direction and development. Community members can submit proposals and provide feedback on ecosystem changes or updates. $MLD holders then vote on the proposals and reach the final decision. ### Decision Making Decision-making in the MetaSpace community follows the Quadratic voting system. This system promotes fair governance by preventing large stakeholders from wielding too much power in the MetaSpace ecosystem. The model is designed so that $MLD holders with more tokens will retain greater voting power, while small stakeholders also have a meaningful voice. For the poll, $MLD holders are offered voice credits instead of voting credits to prevent a 51-percent attack. This nuanced approach ensures that the key decisions made will align with the interests and values of the platform's stakeholders. ### Voice Credits During each voting period, $MLD holders receive a budget of voice credits based on the quadratic voting system. The number of voice credits received will be equal to the number of tokens held. Each voting period consists of multiple proposals. Stakeholders should split their voice credits on the issues they care about most. Rationing of credits on multiple proposals prevents any one or a few stakeholders from rigging the voting process. The number of voice credits available for a stakeholder resets at the end of each voting period. ### Quadratic Voting $$ \boxed{\vphantom{\dfrac{1}{1}} \hspace{10em} \text{No. of votes} = \sqrt{\text{No. of voice credits}} \hspace{10em}} $$ In the quadratic voting system, the number of votes counted for a stakeholder on each issue equals the square root of the number of voice credits they contributed to the same. This means that allocating voice credits to a smaller set of proposals will result in fewer total votes compared to distributing them across a larger, more diverse set of proposals. Or, in other words, the stakeholders are penalized for concentrating their voice credits on fewer proposals. This prevents large stakeholders from skewing the decision-making process and promotes a fair distribution of decision-making power within the community. ### Metaguild Metaguild is the body responsible for maintaining and guiding the MetaSpace protocol. The body comprises the largest of $MLD holders within the Metaspace community. Once a proposal passes community voting under the quadratic system, Metaguild has the authority to execute it on behalf of the MetaSpace community. The body is also responsible for documenting the proposals, objections, and alternatives, building consensus, and addressing feedback. Metaguild also holds responsibility for organizing all governance activities, including the quadratic voting process. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://metaspacechain.gitbook.io/whitepaper/dao-governance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.