> For the complete documentation index, see [llms.txt](https://docs.overnight.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.overnight.fi/governance/proposals/proposal-process-on-snapshot.md).

# Proposal process on Snapshot

1. Creating a Proposal: An [OVN](broken://pages/l4nK3u2do2s2vOds6BIZ) or [OVN\_LP ](/governance/main-components.md#ovn_lp-holders)holder initiates a proposal on [Snapshot](/governance/main-components.md#snapshot). 
2. Proposal Goes Live: The proposal becomes active on Snapshot, making it available for the  OVN or OVN\_LP holder community to review and vote. 
3. Community Voting: Other OVN and OVN\_LP holders have the opportunity to vote in favor of or against the proposal. 
4. 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. 
5. Queue Period : In the event of a successful proposal, it enters a queue, awaiting execution. 
6. Proposal Execution: After the queue period, the [OVN Agent](/governance/main-components.md#ovn-agent) executes the proposal, bringing the proposed changes to life. 

<figure><img src="/files/2gQ5Lfg9Cv0rwX1kaCAd" alt=""><figcaption><p>Proposal process on Snapshot</p></figcaption></figure>

#### Types of proposals on snapshot:

* Upgrade protocol [USD+](broken://pages/5Fre8hINSEWpubCfi9Qs)