How DAO Governance Works
XRF DAO is a community-driven governance system on XRPL. Any member can propose changes, vote on decisions, and execute approved actions on-chain.
Proposal Process
Submit Proposal
Any DAO member with a connected Xaman wallet can submit a proposal. Choose the proposal type and fill in the required details.
Voting Period
Once submitted, the proposal enters a voting period. Members vote FOR, AGAINST, or ABSTAIN using their XRFT-backed voting power.
Quorum & Approval
A proposal passes when participation reaches the quorum threshold and FOR votes exceed the approval threshold (default 4% quorum, 51% approval).
Timelock
Passed proposals enter a timelock period before execution, giving the community time to review and veto if necessary.
Execution
After the timelock expires, any member can trigger execution. On-chain actions (minting, transfers, config updates) happen automatically.
Proposal Types
Seven categories of proposals are supported on the XRF platform.
Issue on-chain credentials to custodians, auditors, appraisers, or servicers. Required for institutions to participate in the XRF platform.
Tokenize a real-world asset (RWA) by issuing MPT tokens on XRPL. Links the asset NFT and custody NFT to a tradeable token.
Update DEX trading parameters including maker fee, taker fee, and fee distribution ratios.
Approve disbursements from the DAO treasury in XRP or XRFT for platform operations, grants, or service payments.
Update quorum threshold, approval threshold, or timelock duration that govern all future votes.
Execute urgent actions such as token freeze or clawback in response to security incidents.
Approve upgrades to platform smart contracts, parameters, or protocol-level changes.
Voting Power
Voting power is derived from staked XRFT tokens. Members stake XRFT to receive a Governance NFT on XRPL, which represents their voting weight.
The longer the lock-up period, the higher the multiplier applied to voting power. Governance NFTs are non-transferable and expire when the lock period ends.
Default Parameters
- Quorum: 4% of total voting power must participate
- Approval: 51% of votes cast must be FOR
- Timelock: 2 days after a proposal passes before execution