[SIP0] Governance Process

@Piter @FBrinkkemper @rspa_StableLab

Thanks for your feedback, I’ve put together your comments and summarized the changes in this reply.

RFCs:
Add a 3-day RFC period before a proposal can be submitted on-chain. RFCs should be clearly marked as such to distinguish early-stage discussions from formal governance proposals. After the RFC phase, proposals should be updated with community feedback before being submitted as formal governance proposals.

Quorum:
After carefully reading your feedback and analyzing it, I believe that the minimum quorum should be 35% of the Delegated Supply. This results in a quorum of 60.03M. The rationale behind this, is that given how the delegated votes are concentrated, this ensures at least 2 delegates to vote in favor.

SIP Categories:
I also agree here that we should aim for simplicity, so from your feedback I made this new list of proposed categories to start. These categories can be adjusted later.

  • SIP0 - Governance Process
  • SIP1 - Vault Management (Onboarding & Offboarding)
  • SIP2 - ARK Management (Onboarding & Offboarding)
  • SIP3 - Token Rewards
  • SIP4 - Governance Parameters
  • SIP5 - Special Governance Votes (One-Off Proposals)

What changed?

  • Unified onboarding and offboarding into a single category for each.
  • Changed $SUMR rewards for Token Rewards to make it more flexible and simple to understand for new users.
  • Unified most of the categories related to changes in parameters in a single category. If later we find this category to be confusing, or needs more granularity, we can add new categories.
  • Added Special Governance Votes, for one-off proposals such as [SIP5.1] Correct TipJar Tipstreams who might not fit into any other category.

Happy to hear your feedback.

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