Anyone in the Dynamo community can initiate a governance proposal. Proposals go through a structured lifecycle to ensure quality discussion and legitimate on-chain outcomes.
Proposal Lifecycle
1. Draft
The proposer drafts the proposal using the standard template (see below). This includes a clear title, motivation, specification of the proposed change, and any relevant risk analysis or data.
2. Discussion on Discourse
The draft is posted to the Dynamo community forum (Discourse). The community discusses, asks questions, and suggests refinements. A proposal should remain in discussion for at least 10 days before moving to a vote.
3. On-Chain Vote on Snapshot
After sufficient discussion and a temperature check, the proposal is submitted to Snapshot for a formal vote. The voting period lasts 7 days. Voting power is calculated based on DYNAMO token holdings at the snapshot block.
4. Execution
If the vote passes (meets quorum and majority threshold), the approved action is executed. Currently, execution is performed by the core multisig. As governance matures, execution will migrate to on-chain timelocked contracts.
Proposal Template
All proposals should follow this structure:
## Title
A concise, descriptive title for the proposal.
## Summary
One-paragraph summary of what is being proposed and why.
## Motivation
The problem or opportunity this proposal addresses. Include relevant data.
## Specification
Exact changes being made: contract parameters, amounts, addresses, etc.
## Risk Analysis
Potential risks or downsides of the proposed change.
## Timeline
Proposed implementation timeline if approved.
Voting Thresholds
| Parameter | Value |
|---|
| Voting period | 7 days |
| Quorum | TBD (set by governance) |
| Approval threshold | Simple majority (>50%) |
| Proposal threshold | TBD minimum DYNAMO |
Proposals that have not completed the discussion phase on the forum will not be considered for a Snapshot vote. Always start on Discourse.
