Proposals & Voting
Navigating Proposals and Voting in the Determinant Protocol
Last updated
Navigating Proposals and Voting in the Determinant Protocol
Last updated
Community-Driven Proposals: The Heart of Our Protocol
At the core of the Determinant protocol is our community-driven approach to change. All proposals for modifications to the protocol begin in the Community Forum. Here, they are open for discussion, allowing us to gauge community sentiment. Proposals are categorized into two types: Core Proposals and Protocol Proposals.
Core Proposals: Shaping Our Governance
Core Proposals are crucial as they pertain to changes in the governance process itself, including adjustments to the Multisig setup. These proposals are significant, involving major structural changes or governance processes. Given their importance, they have higher requirements for approval:
Quorum Threshold: 15% of vDTH holders must participate.
Support Threshold: A substantial 70% support rate is needed for approval.
Protocol Proposals: Evolving Our Operations
Protocol Proposals encompass a broader range of changes to the Determinant protocol. This includes adjustments to parameters like fee structures or the Determinant Unified Liquidity Pool's connections and weights, code changes, and treasury allocations. These proposals have their own set thresholds:
Quorum Threshold: Participation from 5% of vDTH holders is required.
Support Threshold: These proposals demand a 75% support rate for passage.
The Voting Process: Empowering Decision-Making
Our voting process is integral to ensuring that every proposal is thoroughly discussed and considered by the community. Here's how it unfolds:
Proposal Stage: All DTH Token holders have the privilege to submit non-binding proposals. These initial proposals can lead to a formal governance vote by holders of vDTH voting power.
Voting: If a proposal shows positive sentiment in the preliminary polls, it can be advanced to Snapshot for official voting. This step requires either a holder of 100,000 vDTH or an Admin wallet to move it forward. Both Core and Protocol proposals have designated voting periods, ranging from a minimum of 24 hours to a maximum of 200 hours.