Proposal process on Snapshot
The description of proposal process on Snapshot
Proposal Goes Live: The proposal becomes active on Snapshot, making it available for the OVN or OVN_LP holder community to review and vote.
Community Voting: Other OVN and OVN_LP holders have the opportunity to vote in favor of or against the proposal.
Success Criteria: For a proposal to succeed, it must meet the quorum requirement, meaning it garners sufficient support. Unsuccessful Proposal: If the quorum is not reached, the proposal is considered unsuccessful and is canceled.
Queue Period : In the event of a successful proposal, it enters a queue, awaiting execution.
Proposal Execution: After the queue period, the OVN Agent executes the proposal, bringing the proposed changes to life.
Types of proposals on snapshot:
Upgrade protocol USD+
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