FIP 47 - Frax Proposal Process Update

This is a proposal to change the Frax Finance proposal and voting process to make it easier for DAOs and other groups to participate.

Change 1: Snapshot proposals can only be submitted by team members or someone designated by the team.

Reasoning: In order to seamlessly integrate with the Frax voting system, there needs to be a way to automatically discern if a proposal on snapshot is a legit proposal or not, as well as check if it is correctly written, links provided, proper choices provided, etc. (Ex. Convex creates a bot that watches for new Frax proposals. When a proposal is created, Convex creates a matching proposal for its users to vote on)

Change 2: Increase minimum proposal vote period to 5 days. Decrease minimum forum discussion period to 3 days.

Reasoning: DAO or other groups need to have time to complete their own local voting process before submitting to the official Frax proposal, thus more time should be allowed. (Longer voting periods can also help with quorum and discussions)

Concerning the forum discussion period, Sam from the Frax team suggested keeping an 8 day proposal window by lowering the forum discussion. The total period to discuss and vote will remain the same.

Change 3: Change all votes from “Single Choice Voting” to “Weighted Voting”.

Reasoning: This allows users to spread their vote weight across multiple answers. For a single user this might not affect their choice but for DAOs and other groups this gives them the option to spread their vote to better reflect the result of their own user base.