Governance
Last updated
Last updated
The RARI Foundation supports a community-led governance model for the Rarible Protocol and RARI chain. Governance is currently evolving through a transition from the original Ethereum-based DAO (v1) to a newly launched DAO on the RARI Chain (v2).
Dual DAO Governance
Rarible Protocol is currently governed through a dual DAO structure:
v1 DAO (Ethereum Mainnet): The original DAO operates using the veRARI model. In this system, users lock their RARI tokens in a voting escrow contract to receive veRARI, which gives them governance power. veRARI holders can vote directly or delegate their voting power to others via rari.foundation website.
v2 DAO (RARI Chain): The newly launched DAO uses liquid RARI as its governance token. Token holders can stake RARI, delegate their voting power, and earn staking rewards — all without locking their tokens. This model removes the need to choose between participating in governance and using tokens in DeFi. It also eliminates gas fees for locking and delegation, making participation more accessible and flexible.
The v2 DAO is fully onchain and represents a step toward more scalable, cost-efficient, and inclusive governance.
The Path Forward
The current dual DAO structure is a transition phase as the protocol evolves toward multichain governance, with the v2 DAO ultimately governing all aspects of the protocol across chains
Once this transition is complete, the v2 DAO will become the sole governing body, and the veRARI model used in the v1 DAO will be deprecated.
How to Participate
v1 DAO (Ethereum): Lock RARI tokens to receive veRARI. You can then vote via Tally or delegate via rari.foundation website.
v2 DAO (RARI Chain): Stake your RARI tokens and delegate voting power through the Tally governance interface. Both staking and delegation are fully liquid.
Community members are welcome to participate in both DAOs during the transition. The RARI Foundation will continue to support and coordinate this evolution toward unified multichain governance.