burnt wigeon
<@&1107754780744487002> Snapshot: https://snapshot.org/#/community.ilv-gov.eth/proposal/0x3800d1675e267fd2e2cf0765f7643517490a07db835d36241ea66c6070759517
Simple Summary
This IIP outlines the introduction of Governance V3, a refined governance structure aiming to enhance decision-making efficiency, transparency, and alignment with VARA requirements. It proposes a shift from the sub-council system to a committee-based approach, the enhancement of the Illuvium Main Council (IMC), and the introduction of the Governance Improvement Processes (GIPs) and Governance Configuration Change Proposals (GCCPs).
Overview
Governance V3 introduces committees comprising industry experts and an Illuvium Labs team member, replacing the sub-councils to provide nuanced, specialised advice to the IMC. The IMC, composed of elected and representative members, remains central in decision-making. The community council is pivotal in vetting and forwarding Illuvium Improvement proposals(IIPs) and Illuvium Configuration Change Proposals(ICCPs), ensuring community participation. GIPs/GCCPs introduce a combined voting process involving the IMC and the Community Council where governance-specific changes can be debated and voted on, where a supermajority of 7 out of 10 votes is required for approval.