Shiba Inu Launches Governance Overhaul With Elections for Key Leadership Roles

Shiba Inu begins elections to shift control of its $7B ecosystem to a fully decentralized model.

A three-phase voting process will decide the interim president for the Shiba Inu decentralized network.

New governance will include economic reforms and token-based voting for all Shiba ecosystem decisions.

The Shiba Inu team has launched a governance shift aimed at full decentralization of its ecosystem. This includes a formal election process to appoint an interim president and foundational DAO council members. These roles will manage the transition of control from developers to community-led governance.

The elected leadership will oversee both administrative and technical responsibilities. These include managing a token economy currently valued at $7 billion. A structured voting process will determine who takes charge of this major transformation.

The team amended the Hounds Constitution to include legal frameworks for this transfer of power. The process focuses on building an accountable and transparent leadership foundation within the Shiba Inu ecosystem.

Election Process Outlined in Three Phases

Shiba Inu’s election model will follow a three-phase process. The first phase invites nominations from any verified participant who sets up a profile. The top 10 nominees will then enter a public debate stage. After that, a vote will reduce the list to three finalists. A final vote will decide the interim president.

Candidates must complete a KYC process and agree to a non-disclosure pact. Once elected, the interim president will be ratified by DAO branches. This ratification must happen within four months of the official start of Shibizenship.

The new president will take on several responsibilities. These include implementing the Shib Paper’s vision and establishing the first inter-branch congress. The leader will also oversee DAO development and manage financial functions related to the SHIB ecosystem.

DAO Structures and Economic Council Reforms

The governance model will use a 1-token-1-vote system across all Shiba ecosystem tokens. This favors large token holders in decision-making processes. The proposal also includes economic reforms to align with the decentralized structure.

The Economic Council, initially part of Treat governance, will now function under Shib DAO. Its primary role will focus on managing revenue and building long-term treasury strategies. This aims to improve sustainability outside current DAO systems.

Until elections are complete, development teams will collaborate with Treat DAO. Their ongoing work includes broader innovation and structural planning within the network.

A proposal from WoofSwap suggests technical upgrades to Shibarium, including faster processing and fairer operations. This proposal may move forward after the new leadership takes over.