Governance Modifications
Last updated
Last updated
Timeframe: Minimum 7 days
Format: Full three-phase process completion
Quorum: 50M staked LOCKS
Delegation: Proposer needs 5M staked LOCKS delegated
In the future, the governance process above may require additional modifications made to ensure it continues to meet the needs of the Goldilocks community. While it is not required to hold an on-chain vote to change the majority of this process, there must be a clear display of community support and acceptance for any process changes to have legitimacy.
Therefore, changes to all off-chain community governance processes should be voted on through the . There should be a 7 day voting period, at least reach Quorum of 50M staked LOCKS and the proposer must have at least 5M staked LOCKS delegated to their address in order to formally put forward a proposal for changing the governance process.