METAL DAO GOVERNANCE
How the Metal Dollar basket evolves.
Metal DAO governance provides a transparent path for proposing changes to the Metal Dollar reserve basket and protocol parameters. Proposals can address asset inclusion, removal, supply thresholds, allocations, and related operating rules.
MTL GOVERNANCE
ON-CHAIN
Governed by
Metal DAO.
MTL holders participate in proposals that can change supported reserve assets and protocol parameters. Approval begins implementation review; it does not automatically make an asset available in the live XMD treasury.
MTL · METAL DAO GOVERNANCE TOKEN
PROPOSE → REVIEW → VOTE → IMPLEMENT
DECISION PROCESS
How a reserve asset moves from proposal to live support.
01
Propose
Define the asset, issuer, reserve model, network representation, and requested basket parameters.
02
Assess
Review redemption terms, attestations, liquidity, technical compatibility, operational dependencies, and material risks.
03
Decide
Metal DAO participants review the evidence and record an on-chain decision.
04
Activate
After approval and technical readiness, configure the asset, publish its status, and monitor it in production.
PROPOSAL HISTORY
Reserve assets considered by Metal DAO.
USDPT
U.S. Dollar Payment Token
EVALUATION APPROVED
Not currently live
FIUSD
Fiserv USD
EVALUATION APPROVED
Not currently live
OUSD
Open USD
EVALUATION APPROVED
Not currently live
FIDD
Fidelity Digital Dollar
EVALUATION APPROVED
Not currently live
SOFID
SoFi Digital Dollar
EVALUATION APPROVED
Not currently live
MGUSD
MoneyGram USD
EVALUATION APPROVED
Not currently live
GUSD
Gemini Dollar
ADDITION APPROVED
Not currently live
RLUSD
Ripple USD
ADDITION APPROVED
Not currently live
PYUSD
PayPal USD
ADDITION APPROVED
Live reserve asset
OPERATIONAL CLARITY
What a reserve-asset proposal should address.
A strong proposal identifies the issuer, backing and attestation model, direct-redemption terms, relevant jurisdictions, network contracts, liquidity, operational controls, and the exact protocol parameter being requested.
01
Issuer and reserve evidence
02
Redemption and availability terms
03
Technical representation and requested limits
FREQUENTLY ASKED QUESTIONS
Useful answers, without the black box.
Does a governance vote automatically add an asset?
No. An approved proposal may still require technical implementation, security validation, operational readiness, and other reviews before a change becomes available.
What changes can governance consider?
Proposals can address adding or removing supported reserve assets and changing parameters such as supply thresholds or allocation settings, subject to the protocol and implementation process.
Who participates in Metal DAO governance?
Metal DAO governance is associated with the MTL community. Current proposals, status, and voting are available through the XPR Network governance dashboard.