LayerK DAO

The LayerK DAO On-chain Referendum and Polls system represents a significant advancement towards more direct and transparent community involvement in decision-making processes.

Introduction to the DAO Model

The LayerK DAO (Decentralized Autonomous Organization) serves as the core governance mechanism of the LayerK ecosystem. It is designed to facilitate community-driven decision-making through a transparent, secure, and on-chain protocol. By distributing governance rights to stakeholders, LayerK ensures that protocol development, treasury usage, and parameter adjustments are determined collectively, without reliance on centralized control.

Governance is executed through stake-weighted voting, using a dedicated governance token called GLYK. Participation is exclusively available via the Homnifi platform, where users who stake LYK tokens become eligible to receive GLYK and engage in governance activities.

Governance Token: GLYK

The GLYK token is the native governance token of the LayerK DAO. It is distributed to users who stake LYK tokens on the Homnifi platform. GLYK plays a critical role in all voting and proposal-related functions within the DAO and is minted 1:1 based on LYK tokens staked on Homnifi. GLYK is issued to the MetaMask wallet connected to Homnifi.

Governance Participation and Voting Mechanics

1. Proposal Creation

Only users holding GLYK are permitted to create proposals.

GLYK Contract: 0x79b0bc2340bbF53bb9E4F3c0a6c72ed69bc0F2a0

2. Voting Process

Only GLYK holders are eligible to vote on proposals. After voting, the proposal is passed subject to meeting voting and quorum requirements.

Voting and proposal activities are executed on-chain, ensuring full auditability, immutability, and transparency.

3. Decision-Making Framework

The LayerK DAO oversees decisions in the following areas:

• Treasury Management Allocation and distribution of LayerK treasury funds

• Protocol-Level Governance Strategic upgrades, network improvements, and roadmap direction

4. Proposal Execution

Once a proposal has passed, it is manually executed by a DAO admin through smart contract interaction. Upon execution, the contract updates the proposal’s status to “Executed.” Only after this status change do protocol actions such as treasury disbursements or parameter updates take effect.

Community Involvement and Transparency

The LayerK DAO is built to be inclusive, transparent, and verifiable:

• On-Chain Governance: All proposals, votes, and results are stored on-chain and publicly accessible

• Stake-Based Access: Governance rights are tied to staked participation, reinforcing long-term alignment

• Homnifi Integration: The DAO is accessible through the Homnifi interface, where eligible users receive GLYK after staking LYK

• Security & Ownership: Users retain full control over their wallets and GLYK holdings, with no custodial intervention

This model ensures that LayerK’s future is governed by its active, invested community, rather than centralized entities.

The LayerK DAO empowers the community to shape the protocol’s trajectory through a fair and secure governance system. Powered by the GLYK token and enforced via smart contracts, the DAO enables decentralized control over resources, decision-making, and network evolution—cementing LayerK’s commitment to open, transparent blockchain governance.