Lithium DAO Community to Vote on Reelection of Current Council
As the Nomination Window Closes, the Fate of the Council Rests in the Hands of the Stakers
With the close of the nomination period for the next Lithium DAO Council, we find ourselves at a pivotal moment. The absence of new nominations has positioned our current Council for a potential full year of governance — but not without a final, crucial step: a community vote.
The Voting Process for Reelection (December 16th — 22nd)
In line with our commitment to a transparent and democratic governance model, the reelection of the current Council will proceed to a community vote. This process ensures that every voice within the Lithium community is heard and that the decision for reelection is truly representative of our stakeholders’ collective will.
How Voting Will Work
The voting will take place on Snapshot, a platform that has served Lithium DAO reliably during past governance decisions. Each $LITH token held will equate to one vote, allowing the community to exercise their voting power equitably.
Quorum and Approval
For the reelection to be validated, a quorum must be reached. This means that at least 1% of the total $LITH tokens in circulation must be represented in the votes cast. Should the quorum be met, a simple majority will determine the outcome. If the majority votes in favor, the current Council will be reelected to serve from January 1st, 2024, to December 31st, 2024.
Implementation Following Approval
Upon approval, the Council will resume their responsibilities, continuing to set high-level policies and strategies for Lithium Finance. The seamless transition and sustained leadership aim to further our mission of revolutionizing asset valuation through the power of AI and crowd wisdom.
Your Participation is Vital
We urge each member of the Lithium community to make your voice heard. The future of our DAO hinges on your engagement. Cast your vote, shape our governance, and take part in the continued success and innovation of Lithium Finance.
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.
