testing - vote here

TL;DR

veWOM holders have governance power tied to their veWOM balance in Wombat’s WOM governance framework There are two major parts of the governance process, Temperature Check and Consensus Check. Various types of proposals can be submitted for consideration in Wombat governance, such as adding a token to a pool, creating a pool for given tokens, adjusting haircut for pools, adjusting protocol parameters, and proposing new features. When proposals move to Snapshot, all veWOM holders can deliberate and decide on the outcome by voting according to their veWOM weights. Passing Temperature Check and Consensus Check To successfully make a change on Wombat, it is crucial to pass both the temperature check and consensus check. Temperature check The proposal needs to gain enough traction by receiving at least 15 votes in the post The discussion will last for two(1 week) days. Consensus check (admin post only) The consensus check involves a formal discussion on the proposal, where feedback from the temperature check post is considered, and the proposal is adjusted accordingly. A Snapshot poll is then created, and the vote lasts for seven days. There needs to be 24M veWOM for BNB Chain and 6M veWOM for Abirtrum yes-vote quorum and more than 50% yes-vote. There is a one-hour delay between the voting period and the day of execution. To resubmit the proposal, a 7-day cool-down period is required. During this time, revisions should be made based on the previous feedback provided by the community.

Detail guide:

There are 2 platforms for the governance workflow.

Discourse Forum: Our hub for idea sharing and discussion. Join the conversation and make your voice heard! To post your own ideas, make sure to read at least 30 posts, spend 10 minutes reading, and participate in at least 5 topics.

Snapshot: This is where the real action happens! Snapshot enables off-chain voting, weighted by the number of veWOM. Although only the Wombat team can submit a proposal on Snapshot, we’re always open to community suggestions. If your proposal passes the Temperature Check, contact the Wombat team by mentioning @admins in your post reply, and we’ll create a snapshot poll for you.

Creating a proposal

Temperature Check If you are ready to make some changes, start by checking if there is enough will in the community to bring your idea to life. Here’s how:

Post your proposal in the Temperature Check category on Discourse and make sure to label it as “Temperature Check — [BNB/ARB] [Your Title Here]” Use the Proposal Structure format and invite other community members to join in on the discussion.

Community members can show their support by giving likes and commenting. If your post receives at least 15 votes, you’ll move on to Consensus Check. Consensus Check In this step, the discussion gets formal, and we aim to reach a consensus. Here’s how you can perform a consensus check:

Use the feedback you received in the Temperature Check post to improve your proposal. To alert the community, create a new post in the Consensus Check category titled “WIP # — [BNB/ARB] [Your Title Here]” and link it to the discussion thread. Contact an admin to create a new Snapshot poll by mentioning @admins in your post reply. It is important to provide the following information in your post reply: The Proposal content, Relevant links, Temperature Check thread and Consensus Check thread. The poll will last for seven days. Make sure you have added the snapshot poll URL to your Consensus Check thread.

Stay neutral and respond to any questions or concerns community members have. The option with the majority of votes wins, and a veWOM yes-vote quorum of 24M for BNB Chain and 6M for Abirtrum, together with over 50% yes-votes are required for consensus. A one-day timelock is implemented before executing the proposal that passed the consensus test.

If the “Make no change” option wins, the Consensus Check topic will be closed by the admins/moderators.

To resubmit the proposal, a 7-day cool-down period is required. During this time, revisions should be made based on the previous feedback provided by the community.

Our governance forum is the perfect platform for you to share your thoughts, opinions, and ideas. Whether you want to propose a new project, suggest a change, or simply engage in discussions about the future of Wombat, there are endless possibilities.

Types of Proposals There are various types of proposals that can be submitted for consideration in our governance. And these are proposals for:

Adding a token to a pool Creating a pool for given tokens Adjusting haircut for pools Adjusting protocol parameters New features Proposal Structure We love to hear from our community members and we encourage you to submit your proposals for discussion and feedback on the forum. But before you hit that “Post” button, make sure to include the following components in your proposal, listed below in a specific order. This will make it easier for everyone to follow and provide constructive feedback.

References: If you want to really pack a punch with your proposal, include references that support your arguments. Cite other successful projects, relevant research, or anything else that can add credibility to your proposal.

Passing Temperature Check and Consensus Check To successfully make a change on Wombat, it is crucial to pass both the temperature check and consensus check.

Temperature check The proposal needs to gain enough traction by receiving at least 15 votes in the post The discussion will last for two days.

Consensus check The consensus check involves a formal discussion on the proposal, where feedback from the temperature check post is considered, and the proposal is adjusted accordingly.

A Snapshot poll is then created, and the vote lasts for seven days.

There needs to be 24M veWOM for BNB Chain and 6M veWOM for Abirtrum yes-vote quorum and more than 50% yes-vote.

There is a one-hour delay between the voting period and the day of execution.

To resubmit the proposal, a 7-day cool-down period is required. During this time, revisions should be made based on the previous feedback provided by the community.