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Proposal process on Snapshot

The description of proposal process on Snapshot

1.Creating a Proposal: An OVN or OVN_LP holder initiates a proposal on 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 executes the proposal, bringing the proposed changes to life. 
Proposal process on Snapshot
Types of proposals on snapshot:
Upgrade protocol USD+​

Proposal process on OVN Governance

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Last modified 2mo ago