🔁Proposal Circuit

Everything has to pass through the Proposal Circuit, which generally works as follows (while the details are subject to change):

1) Initiation Stage

Any DAO member may submit a proposal if he or she has enough governance tokens in his wallet for that proposal type. The proposal must include:

● Short title;

● Сoncise description of the proposal;

● Other specific parameters to each proposal type.

2) Discussion & Voting Stage

After the proposal is published, DAO members may vote on it. Members must vote on a proposal before accessing the current voting results to prevent preference in decision-making.

For a vote to be considered successful, both of the following must be met:

● A minimum quorum must be reached based on your pre-determined settings;

● A majority of the votes must be "(Yes) I am in favor of this proposal."

3) Validator voting (optional)

Your DAO may require a second round of voting where only the current Validators vote.

4) Execution

Once the main voting phase and Validator voting are finished and meet the conditions for approval as outlined above, it can be executed via the relevant executor contract. In order to initiate execution, one of the DAO members should find an accepted proposal and execute it. This requires a transaction, though DAO can set a small reward for executing proposals to cover transaction fees.

5) Rewards Distribution

If the DAO settings include rewards for voting and creating proposals, these rewards are distributed after execution and must be claimed.

Off-chain Actions

Some proposals cannot be implemented exclusively through the transaction and may require off-chain actions. These may include involving third-party experts, e.g. conducting audits, involving lawyers, developers, etc.