Governance Modifications

Timeframe: Minimum 7 days

Format: Full three-phase process completion

Quorum: 50M LOCKS or staked LOCKS

Delegation: Proposer needs 5M LOCKS or 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 Goldilocks Governance Portal. There should be a 7 day voting period, at least reach Quorum of 50M LOCKS or staked LOCKS and the proposer must have at least 5M LOCKS or staked LOCKS delegated to their address in order to formally put forward a proposal for changing the governance process.