Overtime Governance
Last updated
Last updated
Overtime has a Delegated Governance structure that reflects $OVER token community's desire to trade sports markets without relying on a centralized entity. The token holders are the ones that hold governing power by electing Overtime Council members every 4-month epoch.
The Overtime Council consists of 7 community members that have been voted in by $OVER holders and serve a 4 month epoch. This process is fully onchain and transparent, gives everyone the same access to council positions, and encourages rotation among candidates. The community then creates, vets and submits Overtime Improvement Proposals (OIPs) which the Overtime Council review and vote on.
The Overtime DAO deploys any new or updated smart contracts required by a successful OIP. They are submitted by community members and reviewed/approved by the Overtime Council.
