GENESYS BLOCKCHAIN
  • GENESYS BLOCKCHAIN
  • BLUE LOTUS DAO
    • Introduction
      • Best returns/yield for Liquidity Providers (LPs)
      • Best Rates for Traders
    • Blue Lotus DAO Protocol
      • How Blue Lotus DAO works
      • Programmable Pricing Curve
      • Dynamic Fee
      • Blue Lotus DAO Ecosystem
      • Adding Liquidity in Blue Lotus DAO
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        • How to Stake in Pools
  • TOKENOMICS
    • GENESYS
      • GSYS Tokenomics
  • NFT MARKETPLACE
    • The Genesis of Blue
      • Dynamic NFT
      • Lotus Evolutionary Process
      • NFT Emission & Benefits
        • Lotus Holders benefits by Category
      • Genesis of Blue Rewards Program
  • GSYS GOVERNANCE
    • Introduction
    • Native/Utility Token
    • Governance
      • πŸ“Summary
      • πŸ“šCategories
      • 🀝Voting
        • Voting Authority
      • βš™οΈGovernance Process
        • Governance Stages
          • Temperature Check
          • Consensus Check
          • Governance Proposal
      • πŸ”—Security
      • 🌎Blue Lotus Foundation
    • FAQ
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    • Genesys Viewapp
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    • 🀝Business Partnerships List Project for Pools & Farms here
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  • πŸ”Audit BlueLotusDAO DEX Byte Detective:
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  1. GSYS GOVERNANCE
  2. Governance
  3. βš™οΈGovernance Process
  4. Governance Stages

Governance Proposal

Phase 3 - Governance Proposal

This will be the final stage of the governance process. The new survey must only be based on the winning option of the Consensus Check and consists of a single action.

To create a Governance Proposal:

  1. Write the code of your proposal. All proposed codes must be audited by a professional auditor. This audit process may be paid or reimbursed by the community treasury.

  2. Make sure that at least 85% of the total number of nodes has been delegated to the address proposing the action with the aim of achieving the proposal, that is, encourage the other nodes to delegate their votes to the address that making the proposal.

  3. Create a topic in the Governance Proposal category, titled β€œGovernance Proposal #0000 - [TITLE]” and link to every post, discussion, survey, as well as the audit report. Any post in that category that has not passed the Temperature Check or the Consensus Check will be removed by the moderators; the warning established in phase 2 applies in the same way in phase 3.

  4. To implement the proposal, execute the "Government function", to give it deploy.

Once the Government Function has been convened, a duration of seven days is established for the period of voting or obtaining support. During this course, the discussion can continue in the Forum. If the proposal is successfully approved, the proposal will go through a final validation stage with a two-day lead time before proposal implementation.

In the event that any proposal in any category reaches the maximum established time and the minimum requirements are not met, it will be immediately canceled and said proposal cannot be made again for a minimum of two weeks.

To revert a system change, a completely new proposal must be made. It is impossible to reactivate an old proposal.

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Last updated 3 years ago

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