The Polemos structure comprises two entities; an operational service entity called Boule and a community governance entity called Ecclesia. Both parts serve their own distinct purposes and are completely ingrained into the long-term vision of Polemos.
The Boule will be responsible for the daily operations of Polemos, including maintaining its assets and growing the protocol. It also keeps delegated rights over a variety of decisions related to these tasks, such as the hiring of Core Contributors, determining salaries, providing liquidity to exchanges, and more. Over time, the Boule will set up reporting mechanisms to transparently share with the Ecclesia how funds are being used. These reports will be as detailed as necessary but also limited in a way that minimizes the potential for issues or risk to the success of the DAO.
The Ecclesia will be the overarching governance entity, governed by the Polemos Token (PLMS). The decisioning powers of the Ecclesia can be executed upon by putting up Polemos Improvement Proposals (PIPs) that will undergo two different votings: one by the DAO overall, the other by the Archons.
A total of seven Archons will act as a decentralized safety stop for the protocol. Two of these seats are appointed by the Boule to ensure:
- the people with the most insight and experience have a voice during the Archon discussions considering they would be responsible for implementing approved proposals; and
- Archon discussions, in general, are informed by open communication and insights from the broader team because, without this, certain initiatives may be blocked from proceeding altogether.
The remaining five seats are filled with elected representatives from the DAO as a whole. While all stakeholders, in general, are eligible to run, anyone working for the Boule as a Core Contributor is excluded from the election for these seats (this does not apply to Advisors).
Archons serve for 6-month epochs, and there is no limit to the number of consecutive terms an Archon can serve. Archons are not paid stipends but instead receive an Archon Epoch NFT as a reward for their efforts, which are unique for every epoch and are only paid out to Archons who served for the entire epoch.
An Archon who does not fulfill the responsibilities of their role can be voted out if at least five other Archons support the removal. In such a case, or if an Archon steps down voluntarily, a new election to fill this seat for the remaining time in the epoch is carried out. In the case that this remaining time is under four weeks, however, the next epoch election is executed right away and the four or fewer weeks are added to the new epoch.
NB: The five founding investors of Polemos, who all act as Advisors to the protocol, will fill the five Archon seats next to the two appointed representatives of the Boule for Polemos’ first epoch. This is to ensure that the critical phase of launching into the first game(s) isn’t derailed by issues that could arise due to a rushed community governance. These five seats will be elected as described above, beginning with the second epoch.
PIP and Archon election outcomes are determined through Voting Power based on an individual’s number of staked Polemos Tokens and their token weight. Polemos Tokens must be staked inside one of the three core pools.
The idea of allowing the plain ownership of Polemos Tokens to determine voting eligibility was originally considered. However, as a visionary organization, Polemos favors any mechanisms that encourage long-term commitment and counteract spontaneous and malicious attacks. This is especially the case because the same conditions apply to everyone interested in the Polemos ecosystem, regardless of their time of entry
As a result, it was decided that voting eligibility should only include stakeholders, and there would be an increase in voting power for locking stakes over longer periods.
In order to counteract the possibility of individual wallets reaching a voting power that could threaten the decentralization of Polemos in the long run, two additional measures will be implemented:
- Tokens up to the amount of 1 account for the exact same amount of voting power, but a wallet beyond 1 staked token only receives voting power in the amount of the square root of the token quantity.
- Regardless of how long certain tokens are staked, token weight can never exceed 2.0 (reached by locking deposits for the maximum amount of 360 days).
- A wallet with 0.2 tokens that have not been locked at all has a voting power of 0.2 * 1 = 0.2
- A wallet with 500 tokens that have been locked for 180 days (a token weight bonus of 180 / 360 = 0.5) has a voting power of √(500*1.5) = 27.39
- A wallet with 50,000 tokens that have been locked for 360 days (a token weight bonus of 360 / 360 = 1) has a voting power of √(50,000*2) = 316.23