Core Concepts
Learn the key concepts that make CredDAO’s governance system unique.
FairScore
FairScore is the heart of CredDAO’s reputation system. It’s a composite score (0-100) that represents a member’s on-chain reputation and governance capability.
Score Components
| Component | Weight | Description |
|---|---|---|
| Active Days | 20% | Measures account age and consistent activity |
| Social Score | 30% | On-chain social interactions and community reputation |
| Transaction History | 20% | Trading patterns and protocol usage |
| Governance Participation | 30% | Historical voting records and proposals |
Score Calculation
compositeScore = (activeDays × 0.20) +
(social × 0.30) +
(transactionHistory × 0.20) +
(governanceParticipation × 0.30)Explore your score breakdown in the Score Explorer.
Scoring Factors
The FairScore is calculated from 7 on-chain factors:
| Factor | Weight | Description |
|---|---|---|
| Active Days | 25% | Days with on-chain activity |
| Transaction Count | 20% | Total transactions made |
| LST Holdings | 15% | Liquid Staking Token percentile |
| Native SOL | 15% | SOL holdings percentile |
| Stablecoin Holdings | 10% | Stablecoin holdings percentile |
| Wallet Age | 10% | How long wallet existed |
| Activity Consistency | 5% | Regular transaction pattern |
Reputation Tiers
Members are categorized into tiers based on their FairScore:
Voting Power
CredDAO uses a quadratic voting formula enhanced with reputation multipliers:
votingPower = √(tokenBalance) × (1 + fairscore/50)Example Calculation
A member with 10,000 tokens and a FairScore of 78:
quadraticBase = √10000 = 100
reputationMultiplier = 1 + (78/50) = 2.56
votingPower = 100 × 2.56 = 256Compared to traditional 1-token-1-vote (10,000 votes), this member gets 256 votes — a 97.4% reduction in whale influence.
Time-Locks
Time-locks prevent immediate execution of proposals, giving the community time to respond:
| Tier | Time-Lock | Use Case |
|---|---|---|
| Platinum | 24 hours | Fast execution for trusted members |
| Gold | 48 hours | Standard delay |
| Silver | 72 hours | Extended review period |
| Bronze | 168 hours (7 days) | Maximum scrutiny |
| Unscored | 336 hours (14 days) | Highest protection |
Proposal Types
Standard Proposals
Available to: Gold and Platinum members
Regular governance decisions like:
- Treasury allocations
- Parameter changes
- Community initiatives
Expedited Proposals
Available to: Platinum members only
Urgent matters requiring faster resolution:
- Security patches
- Time-sensitive partnerships
- Critical bug fixes
Emergency Proposals
Available to: Platinum members with required badges
Critical situations requiring immediate action:
- Protocol pauses
- Emergency fund transfers
- Critical vulnerabilities
Delegation
Members can delegate their voting power to trusted community members. The delegation efficiency is calculated based on:
- Delegate’s FairScore - Higher scores = better delegation
- Participation Rate - How often the delegate votes
- Tier Multiplier - Platinum delegates are most effective
Efficiency Formula
efficiency = delegateScore × participationRate × tierMultiplier / 10000Flash Loan Protection
CredDAO protects against flash loan attacks through:
- Minimum Active Days: Members must be active for 30+ days before participating
- Score Snapshots: FairScore is recorded at vote time, preventing manipulation
- Score Decay Detection: Sudden score drops trigger security reviews
Flash loan attacks are a serious threat to DAO governance. CredDAO’s multi-layered protection ensures that temporary token acquisition cannot influence votes.
Proposal Lifecycle
- Draft - Proposal created, pending activation
- Voting - Active voting period
- Finalized - Voting ends, outcome determined
- Time-Lock - Waiting period before execution
- Executed - On-chain action completed