# Proposal process on Snapshot

1. Creating a Proposal: An [OVN](https://docs.overnight.fi/governance/proposals/broken-reference) or [OVN\_LP ](https://docs.overnight.fi/main-components#ovn_lp-holders)holder initiates a proposal on [Snapshot](https://docs.overnight.fi/main-components#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](https://docs.overnight.fi/main-components#ovn-agent) executes the proposal, bringing the proposed changes to life. 

<figure><img src="https://3675524930-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F9HhCCgYexXiRot0OWAJY%2Fuploads%2F9mb54J0VukPZt3djk3Ul%2FOVN-Stages%20(1).jpg?alt=media&#x26;token=9e79f039-8d92-4a18-9ab6-d39b22431afc" alt=""><figcaption><p>Proposal process on Snapshot</p></figcaption></figure>

#### Types of proposals on snapshot:

* Upgrade protocol [USD+](https://docs.overnight.fi/governance/proposals/broken-reference)