Election Time for Lithium Stakers: Next Lithium Council

Lithium Finance
3 min readNov 25, 2023

We’re excited to announce that it’s time for our Lithium DAO’s second Council election! The transition to a decentralized governance model is a commitment we’re proud of, and we’re enthusiastic about the community’s involvement in this important part of our journey.

After a successful first Council election, we’re ready to embark on another chapter with the election of our second Council. Lithium DAO has been progressing significantly, and we’re eager to see community members stepping forward to contribute to our shared vision.

A Glance at The Council Structure

The Lithium Council will consist of 5 community-elected members, who will play a critical role in shaping the strategies and policies for the Lithium Finance protocol. As a reminder, the Council’s primary duties include overseeing the governance and management of the protocol, proposing changes to the DAO, executing community decisions, and managing the DAO’s funds. The council is responsible for making decisions on behalf of the community and setting the strategic direction for the DAO

Guidelines for Nominations:

In the spirit of fostering a diverse and active Council, here are some basic guidelines for the nomination process:

  1. Self-Nomination: Any individual who wishes to contribute to the Lithium DAO’s future can self-nominate.
  2. Encourage Others: If you know someone who would be a great fit for the Council, don’t hesitate to encourage them to step forward. Often, a gentle nudge is all that’s needed for talented individuals to take the leap.
  3. Right to Decline: Just as anyone can be encouraged to nominate, individuals also hold the right to decline a nomination, even after being encouraged by others.

Nomination Period (from now until December 8th)

During the nomination period, anyone in the community can nominate a candidate for the council by creating a new topic in the Council Nomination section on the DAO Forum.

Entry of any nomination must be titled in the following format correctly:“Council Nomination: {candidate name} — {summary line}”, and the content of nominations shall cover all of the below

  • Who: brief introduction of the candidate;
  • What: intended contribution to the community;
  • How: background or skills on how to contribute to the DAO; and
  • Other relevant information.

Campaign Period (December 9th — 15th)

Following the conclusion of the nomination phase, candidates will be accorded the chance to interact and connect with the community as part of their electoral campaign. Should the candidates wish, Ask-Me-Anything (AMA) sessions can be organized, providing an open platform for engagement with all community members.

We are thrilled at the prospect of discovering who will be put forth for council nominations, and we eagerly anticipate a fair and transparent election process. For any queries or clarifications regarding the election procedure, we encourage you to connect with us on our Discord channel. Your active participation is what shapes and drives the Lithium community.

Voting Period (December 16th — 22nd)

The election will commence on December 16th and conclude on December 22nd. During this period, Lithium stakers can cast their votes for their preferred candidates on the Lithium DAO Snapshot.

The community election will use a weighted voting method. With weighted voting, voters spread their vote across any number of choices, from one to all. Votes will be allocated based on the percentage of voting power the voter gives to each candidate they are voting for. The five candidates with the most votes will be the winners of the Lithium Council community seats, provided a sufficient quorum is met.

For more details about the election process and Council responsibilities, please refer to:

Lithium DAO: Structure

Lithium DAO: Governance Process

Together, let’s continue to make Lithium DAO a transparent, accountable, and community-driven entity. Let’s embrace decentralization and make our voices heard!

About Lithium

Lithium Finance is the first decentralized protocol to harness the power of AI and crowd wisdom, offering unparalleled asset valuation to revolutionize investment management.

Official Links:

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