πSteps
Step 1 - Create Proposal Suggestion
Any qualified voter
can create a proposal suggestion in Discord dao-proposal
forum.
A qualified voter
must have at least 1 cFRM in the BSC or Arbitrum Crucible Open Staking Pools.
Must check existing proposals by searching forum to ensure itβs not a duplicate
Must follow Proposal Suggestion Template
If 1. and 2. are not followed
dao-mods
will delete the proposalThe proposal suggestion creator can also create a ticket in
mod-support
with a link to this post to expedite the status update.
Step 2 - Mod Review and Submission for Community Review
A dao-mod
reviews the proposal, assigns prop-suggestion number frc-sug-1
and assigns the tag Discussion indicating to the community that the proposal is now open for discussion.
At this point marketing can also push the proposal in announcements etc to let the community know that a new proposal suggestion has been submitted and can be reviewed.
The
prop-sug number
will be added to the title of the proposal in this format: [frc-sug-1
] Title
Step 3 - Gain Community Buy In
It is now the proposal suggestion creator and proposal supporters' job to gain community buy in and get traction by engaging the community in the discussion. Once the proposal suggestion creator feels there is enough interest, they can create a post in their proposal tagging dao-mods
to create a Pulse Check poll. The proposal creator should also submit a ticket in mod-support
and provide a link to this Pulse Check post to expedite the Pulse Check request.
Step 4 - Pulse Check
A dao-mod
will review the request and create a Pulse Check Poll βShould we send frc-sug-1
for an official vote?β with voting options βyesβ and βnoβ. This Pulse Check poll will be open for 5 days and requires 20 votes with a majority of yes votes to pass.
If the Pulse check fails, the proposal is archived, assigned a Pulse Check Failed tag, a post is made with the date the failed tag was assigned, and a similar proposal cannot be raised again for a 30-day period.
If the Pulse check passes, then we proceed to the next stage
Step 5 - Ready for Voting
After the Pulse Check passes the dao-mod
will update the status to Ready For Voting by assigning the tag, then they will notify qualified-proposal-creators
that they may submit the proposal for official voting on Snapshot.
a. The dao-mod
will also assign a proposal number to this proposal suggestion now that it has passed the Pulse Check. The proposal number will be in this format FRC-1
. This number shall be added to the Title of the topic in this format [FRC-1
] Title.
Step 6 - Proposal Creation
At this point qualified-proposal-creators
may pick up the proposal and submitted it for an official vote on Snapshot. They must follow the Proposal Template (also available in Snapshot) and include a link to the Discord topic in the discussion section of the snapshot proposal creation process.
After creating the proposal in Snapshot, the
qualified-proposal-creator
s must return to the Discorddao-proposals
forum and add a link to the snapshot proposal and tagdao-mods
to update the status to Waiting Period. Thequalified-proposal-creators
must also create a ticket inmod-support
with a link to this post to expedite the status update.
Step 7 - Waiting Period
Once dao-mods
update the status to Waiting Period. Marketing can assist proposal creators and supporters by announcing the proposal with the snapshot link and discussion link to notify the community to get involved in the discussion and get ready to participate in the upcoming vote.
Step 8 - Voting Period
The dao-mod
who set the status to Waiting Period for this proposal must set a reminder to update the status to Voting Period once the Waiting Period (currently 3 days after proposal creation on snapshot) is over. dao-mods should get the exact time from the snapshot proposal itself, and all times must be shared in UTC in the following format: 29-May-2023 at 14:30 UTC
During the voting period, marketing and proposal creators can assist in sharing the proposal to get the community involved.
Proposals require 6,000,000 cFRM/FRM voting Power to form a quorum and pass i.e., if less than 6,000,000 cFRM/FRM staked holders vote, the proposal will automatically fail due to a lack of a quorum.
Step 9 - Approve or Deny
At the end of the voting period, a proposal is either Approved or Denied. The proposal creator can notify the dao-mods
to update the status by adding a message to the post in the proposal in Discord. The proposal creator must also create a ticket in mod-support
to expedite this request.
Step 10 - Execution of Proposal
The executing party must execute the proposal per the terms defined in the proposals Execution Plan section.
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