Over the past few months, we’ve explored a wide range of ideas and challenges. One conclusion we’ve drawn is this: building a system that rewards supporters with a sense of ownership is not just important — it's essential.
Ownership in decentralized systems is typically rooted in public participation. However, many times, technical complexity or the internal structure of projects leads to unilateral decisions — which, while sometimes necessary, can alienate users who may not have the technical expertise to fully understand the rationale behind such decisions.
That said, I firmly believe that decisions affecting the direction of a project should carry more weight when made through a DAO framework. Unfortunately, this is something that’s often missing in platforms like Farcaster — or at the very least, not something we’ve truly experienced during our extended time in the ecosystem.
That’s why within the Geny Ecosystem, we’re introducing tools and mechanisms based on transparent smart contracts on the blockchain. These tools will empower different groups within the ecosystem to participate in governance through structured voting rights, built around a system we call.
GIP (Genyleap Improvement Proposal) is an original initiative I designed after a week-long analysis of 10 leading projects. It’s a key component of our tokenomics, embedded in a decentralized governance layer called GenyDAO. This DAO empowers GENY token holders to shape the future of the Genyleap ecosystem. Think of it as a decentralized parliament — a place where the community can propose, vote, and implement meaningful changes.
The GIP process serves as the heart of this system, providing a standardized method for proposing and adopting changes. Unlike many ecosystems where governance is absent or purely symbolic — GIP ensures the community has a real voice. No voting rights means no power — and in such ecosystems, decisions are often entirely centralized. That’s what we’re avoiding.
It means GENY token holders will have the power to decide on matters like:
Treasury budget allocation
Smart contract upgrades
Token burns
Ecosystem growth and partnerships
This ensures no single individual controls the entire system.
32 million GENY tokens are reserved under DAO control, exclusively used to fund proposals and development initiatives.
All decisions are transparently recorded on-chain. Execution is delayed by 48 hours (Timelock) to mitigate the risk of manipulation or abuse.
We’ve created a balance between retail users and large investors by distinguishing between standard and sensitive proposals.
Standard Proposals: Any user with at least 256,000 GENY (0.1% of the circulating supply).
Sensitive Proposals: Only major investors holding at least 2,560,000 GENY (1% of the circulating supply).
These thresholds ensure that critical decisions can only be initiated by those with both meaningful investment and a deep commitment to the ecosystem. In other words, no anonymous, untrusted actor can influence the project unless the community has collectively endorsed them.
Any GENY holder can participate in the voting process by delegating or staking their tokens. This ensures decisions are made collectively by the community, not by an individual or centralized body.
Even I, as the creator of this system, do not have the authority to push any proposal forward without receiving adequate support and votes from the community. That’s the level of integrity and decentralization we’re committed to.
To help voters identify who submitted each proposal, we’ve implemented a clear tagging system:
Core Team Members
Key Investors & Technology Partners
Angel Investors
OGs & Community Supporters
External/Unlabeled Participants
This helps maintain transparency. For example, if a proposal is submitted by an unknown whale who wants to manipulate token supply for personal gain, users will be able to detect that easily. Not every holder is granted the right to propose — only those who’ve earned community trust or fall into one of the verified categories.
Whether it’s the founder, an investor, or a supporter — every action is transparent. That’s exactly why I’m proud of this system: it leaves no room for exploitation or secrecy.
How GenyDAO Puts Governance Back in Your Hands Over the past few months, we’ve explored a wide range of ideas and challenges. One conclusion we’ve drawn is this: building a system that rewards supporters with a sense of ownership is not just important — it's essential. Ownership in decentralized systems is typically rooted in public participation. However, many times, technical complexity or the internal structure of projects leads to unilateral decisions — which, while sometimes necessary, can alienate users who may not have the technical expertise to fully understand the rationale behind such decisions. https://paragraph.com/@compez.eth/the-power-of-gip-in-the-geny-ecosystem
That said, I firmly believe that decisions affecting the direction of a project should carry more weight when made through a DAO framework. Unfortunately, this is something that’s often missing in platforms like Farcaster — or at the very least, not something we’ve truly experienced during our extended time in the ecosystem. That’s why within the Geny Ecosystem, we’re introducing tools and mechanisms based on transparent smart contracts on the blockchain. These tools will empower different groups within the ecosystem to participate in governance through structured voting rights, built around a system we call.
What is GIP? GIP (Genyleap Improvement Proposal) is an original initiative I designed after a week-long analysis of 10 leading projects. It’s a key component of our tokenomics, embedded in a decentralized governance layer called GenyDAO. This DAO empowers GENY token holders to shape the future of the Genyleap ecosystem. Think of it as a decentralized parliament — a place where the community can propose, vote, and implement meaningful changes. The GIP process serves as the heart of this system, providing a standardized method for proposing and adopting changes. Unlike many ecosystems where governance is absent or purely symbolic — GIP ensures the community has a real voice. No voting rights means no power — and in such ecosystems, decisions are often entirely centralized. That’s what we’re avoiding.
love to see it!!