# Whalepool Freedom Party (Mango Governance Party)

## Background

The SPL governance program that Mango uses for its DAO, allows for vote delegation. This means users who deposit their MNGO tokens to the Governance realm can choose to delegate their tokens' votes on proposals to a given account.

Whalepool Freedom Party will set up an account, seeded with 1 million MNGO tokens, which any member can delegate their votes to trustlessly.

The votes delegated to not augment governance power (so the pooled tokens dont contribute to power to create proposal), but the 1 million MNGO in the account will reach the threshold for creating proposals, and as a party we will agree on what is worthy to create.

## Benefits

- Will have enough MNGO to create own proposals that the party decides for
- Augments the voice of smaller holders who feel like they are not being heard
- More efficient resolution on proposals

## Statement of Values

- Everything the DAO does must be verifiable, cryptographically
- Code is truly law: no KYC ever, and no restrictions on access to Mango Markets
- For markets to succeed, they must have adequate liquidity
- Dilution of MNGO holders is a serious issue
- Value accrued by the DAO should be shared by MNGO holders/pledgers
- Long-term value is the goal