CoinEasy, a Korean web3 education platform, leverages Q Governance Services to protect their treasury on Arbitrum. By enhancing transparency and enabling the enforcement of subjective rules, CoinEasy DAO is improving their governance, security and protecting its treasury. Let’s dive deeper into how they do it. 

Governance Security on Q 

Let’s start with the basic ways CoinEasy DAO and other DAOs are using Q to protect their stakeholders.  

The Q DAO Factory offers a holistic framework for setting up and managing DAOs. In addition to the system of smart contracts used for operations like voting, the framework includes DAO Constitutions which allow projects to set and enforce subjective rules that cannot be captured by code alone. These Constitutions also significantly increase the transparency of DAO structures and operations. 

Beyond this basic infrastructure, DAOs can use governance services on Q to improve their governance security. CoinEasy DAO chose to use the “Treasury Oversight” module, specifically the “Insufficient justification for use of Integrated Application funds” provision in the Q Constitution. The service allows the community of CoinEasy DAO to set spending limits and define discretionary evaluation criteria or guiding questions that must be addressed with every treasury proposal. Such criteria can include disclosing information about the recipient and spending purpose according to a predefined framework; or they can mandate a discussion of the benefits of requested expenses and benchmarking them against alternative options. 

The mere transparency benefits of this alone enable DAO members to make better and more educated decisions and reduce the attack vector for manipulation. In addition, the spending limits enforce diligent budgeting and prevent treasury draining – be it malicious or accidental. 

The above-mentioned criteria are not just recommendations but are to be respected and enforced. By providing Shared Governance Security, Q serves as an external, credibly neutral governance anchor to the DAO – independent from the DAO in architecture and incentives. If the DAO’s self-imposed rules are violated, DAO members can appeal to the Q Root Nodes to prevent the execution of malicious or incomplete proposals. 

Coineasy DAO’s path to Cross-Chain Governance 

Being incubated by the Korea based education platform CoinEasy, the CoinEasy DAO takes over operations that currently reside within the team of core contributors. Supporting CoinEasy’s path of progressive decentralization, the Q DAO framework enables successively transfer ownership and control to the DAO, starting with the selection and funding of creators and contributors within CoinEasy’s community. 

To make onboarding to the DAO as easy as possible for the existing community on Arbitrum, a connection through the Hyperlane interoperability framework allows CoinEasy DAO to maintain their Treasury on Arbitrum, while enjoying the benefits of running DAO operations on Q, reaping the benefits of secure governance as discussed above. In practice, this means that Q serves as a central governance hub for all DAO operations, ranging from governing core parameters and maintaining the DAO Constitution; up to operatively managing their treasury. Treasury payouts, however, will continue to take place from the existing funds on Arbitrum.  

“We are excited to launch CoinEasy DAO on Q. Knowing that we can protect our treasury from exploits and attacks with Q as an external governance anchor will boost our DAO’s functionality, drive us towards more decentralized financial solutions and increase value for our community and contributors.” – Seung Hyun Lee, Co-Founder, CoinEasy  

The Future 

While it is already exciting, this is just the beginning for CoinEasy DAO and Q. While CoinEasy DAO continuously grows their community across ecosystems, Q is positioned as the fundamental governance hub of Web3. Agnostic of silos and ecosystems, Q is set out to provide governance services for CoinEasy DAO and other projects independent of where they build – improving governance security in all Web3 and beyond. 

Many chains are already accessible through Hyperlane’s extensive network off the plate. Q’s current integration with gosh shows that any network or ecosystem can benefit from Q’s governance services. If a message can be sent to the network they build on, any project can improve their governance security – even across codebase. 

If you want to learn more, explore q.org, reach out personally, or deploy a first DAO at https://factory.q-dao.tools/.  

About CoinEasy 

CoinEasy, is an all-in-one platform for web3 community and crypto education, while also helping projects enter the Korean market. Try our app on iOS and Android. Join us in shaping the crypto future! 

About Q 

Q is a decentralized governance layer. It establishes the concept of Shared Governance Security: A new primitive in the modular blockchain stack. As a full-scope governance operating system and an external governance anchor, the Q Protocol solves some of crypto’s most pressing problems: It prevents governance exploits and reduces legal and regulatory risks associated with centralized decision making. Moreover, Q expands the scope of what is possible on-chain to include the enforcement of subjective decisions, enabling new business models to emerge. 

Read more on q.org