Phase 2: Governance Proposal
Last updated
Last updated
Timeframe: Total 11 days
2 day waiting period
7 day voting period
2 day timelock
Format: On-chain proposal
Quorum: 50M LOCKS or staked LOCKS
Delegation: Proposer needs 5M LOCKS or staked LOCKS delegated
Phase 2 is the final step of the governance process. If this vote passes, then a change will be enacted on-chain.
Update any last iterations to your proposal based on the previous feedback provided before posting your Goldilock Governance Proposal for voting.
In the Governance Forum please create a post titled “Governance Proposal — [Your Title Here]”. The post must include links to all previous forum posts.
Create your proposal. This can be done either through the Goldilocks Governance Portal or through writing the calldata for more complicated proposal logic. This calldata will be executed if and when the proposal passes. If writing the calldata yourself, please review the logic with a qualified Goldilock community member before posting the final proposal.
The proposer must have at least 5M LOCKS or staked LOCKS delegated to their address in order to formally put forward a proposal for community voting. If the proposer does not have the required LOCKS supply, they must find a delegate who has enough delegated LOCKS to meet the proposal threshold to propose on their behalf.
After the proposal has been submitted (or the propose(d) function has been called), a 2 day voting delay will start. After the voting delay is finished, a 7 day voting period will begin. If the proposal passes successfully, a 2 day time lock will follow before the proposed code is executed.
There must be at least 50M LLOCKS or staked LOCKS yes votes received for the proposal to pass and be executed. If the “No change” option wins, the proposal will not be initiated.
