6.1.1 Governance Structure

Inspired by Compound's governing principles, FireDAO creates a governance DAO for decision-making by the whole people, and this governance DAO is responsible for the governance and upgrade of the entire protocol. In contrast, FireDAO does not use the voting model of “one token, one vote” but creatively centers on the FireSoul Account, combining the number and weight coefficient of different Soulbound tokens in the Soul Account, and thus ultimately creates the FID On-chain Reputation, using the amount of FRT as the voting weight of governance.