---
# System prepended metadata

title: Amendment proposal 016
tags: [yip, youves]

---

# Amendment proposal 016
## Proposal #16 • YIP-016

### Dear youves community,
The youves team has worked hard towards the goal of a fully Decentralised Autonomous Organization, the youves DAO. Finally we are ready to wire in the DAO contract, which we propose to the youves community with this youves improvement proposal. If this proposal is accepted by the youves community, then this will be the last YIP in this form and the next YIP can only be submitted via the new DAO contract.

Please read more about how the youves DAO will work on the [governance documentation](https://docs.youves.com/governance/Governance-Mechanism) page or a current snapshot of this documentation on [IPFS](https://gateway.pinata.cloud/ipfs/QmanK991KGgXEHYwWXrQv9cE7NFmfawNS5RXfYqB9fQrfD).

Also read our blog post on how the transition from Multisig Governance to the youves DAO will take place step-by-step on our [Medium blog page](https://medium.com/@youves/the-youves-dao-transitioning-from-multisig-governance-to-smart-contract-based-dao-3c61d2d8c3d1) or on [IPFS](https://gateway.pinata.cloud/ipfs/QmbmJiAmmUgpJmFZ3wxfzKzXNEMr8qNB2BLKtuvkg67WF4).

This proposal is referred to as Transition - Phase I in the mentioned blog post. 


## Overview
This amendment proposal aims to add the youves DAO contract as an administrator for all youves contracts that can be administered by an administrator. If this proposal is executed, the DAO will be set as an additional administrator on smart contracts that allow multiple administrators, and as the only administrator on those smart contracts that accept only one administrator.

After the execution of this proposal, all future changes to existing contracts and all future additions of new contracts to the network of smart contracts forming the youves platform can be made via the governance process incorporated in the youves DAO contract. Once the youves keyholder multisig is removed from all youves contracts, the DAO contract will be the only way to change parameters on the deployed youves contracts, as outlined in Transition - Phase III.


## Voting mechanism for YIP-016
Changes to youves are currently still governed by a four out of seven multisig setup. The voting mechanism for this proposal YIP-016 is still the same as the one used in the last amendment proposals. Note that users can vote with the weight of YOUs in the staking pool only. This allows for an on-chain evaluation of the vote.

Voting for YIP-016 is open until Thursday, May 11, 2023, 14:00 GMT+2 (12:00 PM UTC).

## Implementation schedule
If the vote is decided ‘in favor’, then the proposed change will be executed on all youves related smart contracts which have an administrator within two weeks after the vote ends. In case of a delay, this would be announced and explained on Discord and Twitter.

## A – Setting the DAO contract as administrator in all youves contracts

This proposal will:

1. Add the youves DAO contract as additional administrator in all youves smart contracts which can have multiple administrators. 

and

2. Set the youves DAO contract as the only administrator in all youves smart contracts which can have only one administrator. 

## More Information

* [Youves Discord](https://discord.gg/2TGyP8UEJF)
* IPFS link to proposal
