🏛️ PROPERTY GOVERNANCE AT SECONDARYDAO
Each tokenized property on SecondaryDAO operates as its own decentralized autonomous organization (DAO). Token holders have voting rights on major decisions affecting their property investment.
All Property DAO smart contracts are deployed on Arbitrum One and can be verified on Arbiscan. Contract addresses are linked in each property's details page at explorer.secondarydao.com.
🗳️ WHO CAN VOTE?
To participate in governance voting, you must:
✅ Hold Property Tokens
• Own at least 1 token of the property being voted on
🆔 Be KYC Verified
• Complete identity verification through our platform
🔐 Be Whitelisted
• Your wallet must be on the property’s whitelist
⚖️ Voting Power
• One vote per verified investor per proposal
• Token count does NOT increase voting power
• Ensures fair representation across all investors
📌 WHAT REQUIRES A VOTE?
🔧 1) PROPERTY MAINTENANCE & EXPENSES
The Property Manager (PM) submits requisitions for property expenses. Voting depends on the amount.
💰 Expense tiers:
A) Under $5,000
• ⏱️ Voting period: 3 days
• 👥 Quorum: 5% participation
• 🚨 Type: Emergency
B) $5,000 – $10,000
• ⏱️ Voting period: 7 days
• 👥 Quorum: 10% participation
• 🛠️ Type: Maintenance
C) Over $10,000
• ⏱️ Voting period: 14 days
• 👥 Quorum: 25% participation
• 🏗️ Type: Major Change
ℹ️ Quorum = minimum percentage of token holders who must participate for the vote to be valid.
🏠 2) BUYOUT GOVERNANCE
Token holders can vote on buyout-related changes:
A) Enable / Disable Buyouts
• ⏱️ Voting period: 7 days
• 👥 Quorum: 20% participation
B) Change Buyout Premium
• ⏱️ Voting period: 7 days
• 👥 Quorum: 20% participation
📎 Notes:
• Buyout premium range: 5% – 50%
• A single investor may hold up to 90% of tokens before buyout rules trigger
❌ WHAT DOESN’T REQUIRE A VOTE?
Handled automatically or by the Property Manager:
• 🧹 Routine maintenance under the voting threshold
• 💵 Monthly rent collection and distributions
• 📋 Standard property management tasks
• 🏦 Insurance and property tax payments
• 🔑 Security deposit management
✍️ WHO CAN INITIATE PROPOSALS?
📄 A) Requisition-Based Proposals (Expenses)
• PM submits requisition with at least 2 contractor quotes
• SecondaryDAO Admin creates the on-chain proposal
• Proposal auto-creates if amount exceeds voting threshold
🏷️ B) Buyout Proposals
• SecondaryDAO Admin may initiate proposals
• Token holders with at least 1% of total tokens may also initiate
🧭 HOW VOTING WORKS
1️⃣ Proposal Created
• Appears in your Dashboard under the Governance tab
2️⃣ Voting Period
• Cast a YES or NO vote before the deadline
3️⃣ Results Calculated
• Quorum must be met
• Majority approval required (>50% YES)
4️⃣ Execution
• Funds released from reserve or settings updated
📜 VOTING RULES
• ☝️ One vote per person (one wallet = one vote)
• 🔒 Votes are final once submitted
• 🧾 Must be KYC verified and whitelisted
• ⏳ Token balance snapshot is taken at vote time
🧾 REQUISITION PROCESS (EXPENSE WORKFLOW)
-
🧑💼 PM submits request
-
📎 PM uploads minimum 2 quotes (Dropbox)
-
🔍 SecondaryDAO reviews requisition
-
🗳️ Above threshold → Vote created
✅ Below threshold → Direct approval -
👥 Token holders vote (if required)
-
💰 If approved → Funds released from reserve
📑 QUOTE REQUIREMENTS
• Minimum 2 quotes required
• Quotes stored on Dropbox
• Quote links visible during voting
• Quotes linked to the on-chain proposal
📊 VIEWING GOVERNANCE ACTIVITY
🖥️ Dashboard
• Log in to your SecondaryDAO Dashboard
• Navigate to your property holdings
• Open the Governance tab to view:
-
Active proposals
-
Past proposals and results
-
Your voting history
🌐 Explorer
• Visit: /governance
• View governance activity across all properties
• Review historical voting results
🔗 ON-CHAIN TRANSPARENCY
All governance actions are recorded on Arbitrum:
• 📝 Proposal creation details
• 🗳️ Individual votes (YES/NO + wallet address)
• 📊 Final tallies and execution status
• 💸 Fund disbursements
All actions are verifiable on Arbiscan.
❓ FAQ
Q: What if quorum isn’t met?
A: The proposal fails. No funds are released.
Q: Can I delegate my vote?
A: No. Voting must be done directly from your wallet.
Q: What happens if I sell my tokens after voting?
A: Your vote remains valid. Eligibility is checked at vote time.
Q: How do I know when there’s a new proposal?
A: You’ll receive an email notification.
Q: Can proposals be cancelled?
A: Only by SecondaryDAO Admin, and only for valid reasons.
📬 CONTACT
Questions about governance?
📧 Email: [email protected]
🆘 Help Center: app.secondarydao.com/help
💬 Live Chat: Available on the platform
Last Updated: January 2026
Contract Version: PropertyGovernance v2.0 (UUPS Upgradeable)
If you want, I can also produce:
• a short Chatwoot auto-reply version
• a compliance-friendly CNAD version
• or a plain-English investor summary