SLAM Senate
Last updated
Last updated
The SLAM Senate serves as the principle oversight body of the , ensuring that proposals and actions of the DAO are consistent with the and don't breach any laws, regulations or duties applicable to the DAO. It consists of Senators elected by token holders.
SLAM Improvement Proposals (SIPs) submitted by holders and passed by the are sent to the SLAM Senate for full ratification. The DAO's bylaws govern this ratification process.
All Senate-ratified SIPs are then passed to the for enactment and execution.
The SLAM Senate is responsible for the appointment and oversight of the DAO Administrator, ensuring that actions of the DAO are in accordance with its mission and applicable laws and regulations. The Senate has authority, in accordance with the DAO's bylaws, to retain or replace the DAO Administrator at any time.
Any .slam NFT holder in good-standing is eligible to run for office as a Senator in the SLAM Senate.
The DAO's bylaws govern the size and composition of the Senate, eligibility, length of terms, and election process by $SLAM token holders.