Governance Process

Phase 1: Request for Comment (RFC)

The purpose of the Request for Comment is to allow the community time to digest a proposal, comment, and ask questions about a particular proposal.

• Timeframe: Minimum 7 days

• Format: Governance Forum Post labelled "RFC - [Title]"

• Purpose: Community discussion and feedback

• Requirements:

  • Clear proposal description

  • Impact analysis

  • Implementation details

  • Community feedback period

Phase 2: Governance Proposal

Phase 2 is the final step of the governance process. If this vote passes, then a change will be enacted on-chain.

• Timeframe: Total 11 days

• 2 day waiting period

• 7 day voting period

• 2 day timelock

• Format: On-chain proposal

• Quorum: 50M staked LOCKS

• Delegation: Proposer needs 5M staked LOCKS delegated

• Requirements:

  • Professional code audit for technical changes

  • Forum post labelled "Governance Proposal [GP###] - [Title]"

  • Links to previous phases and audit reports

  • Executable on-chain code

  • Majority vote with quorum for passage

Note that the governance contracts can be called at any time meeting the on chain requirements, it is the best practice that proposals follow the 2 phase process where they are not a simple contract call execution.

Voting Interfaces

Official voting can be conducted through:

• Goldilocks Governance Portal

• Governance Forum channel in discord for discussion and RFC phase

Process Modifications

Changes to this governance process require:

• Full three-phase process completion

• 7-day voting period

• 50M staked LOCKS quorum requirement

• 5M staked LOCKS delegation requirement

• Majority approval