Comment on page

Proposal process on OVN Governance

The description of proposal process on OVN Governance on Mother Chain(Optimism)
  1. 1.
    Creating a Proposal: An OVN Holder initiates a proposal,such as change Agent OVN and upgrade protocol timelock.
  2. 2.
    Proposal in Pending State: The proposal is initially in a pending state, awaiting further actions.
  3. 3.
    Active Proposal: Afterward, the proposal becomes active and is open for voting, during which a quorum requirement must be met.
  4. 4.
    Successful Proposal: If the proposal garners the necessary support and meets the quorum requirement, it succeeds. Proposal Unsuccessful: Proposal canceled
  5. 5.
    Queue Period: The successful proposal is then placed in a queue for execution, where it awaits its turn for another one-week period.
  6. 6.
    Execution of Proposal: Finally, the proposal is executed, and its intended actions are carried out.
Proposal process on Mother Chain

Types of proposals on mother chain: