Upgrade the Hashflow Governance structure

Simple Summary:

This proposal changes the phases of Hashflow Governance in order to both create more rigor / structure, and allow for more voices to be heard. It introduces a multi-stage governance process that allows for more thorough discussions on the proposals and requires more details to be shared prior to passing a vote. Given that the previous proposal was voted “for” but had trouble reaching quorum, the quorum requirements have been relaxed in this version, which constitutes the only difference between this and the previous version.

Abstract:

We propose to change the governance process into the following phases:

Phase 1: Request for Comment

User creates forum post to gather initial comments.

Proposal maturity:

It must be reviewed & commented on for a minimum of 5 days It must comply with the designated template It must contain all relevant information that would be in the HIP It must have thoughtful discussions addressing feedback from the community Phase 2: Temp Check

After the 5 days comment period, community member can submit a first [Temp Check] Snapshot vote to gauge initial consensus:

Voting period: 2 days Create poll: 5K veHFT Majority (50%) passes Quorum: 10K veHFT Phase 3: HIP

If proposal passes the initial [Temp Check], it will advance and become “HIP”

The user:

Tags forum post title with [HIP] Incorporates any last iterations based on feedback Guardians:

They are notified to approve or veto Need majority approval before it can be submitted by community for final vote The same forum post remains open for minimum of 3 days before final vote Community submits final Snapshot:

Voting starts after 48h Voting period: 3 days Create poll: 25K veHFT Majority (50%) passes Quorum: 25K veHFT Motivation:

The proposal has the following objectives:

Drive & grow active participation by meaningful stakeholders within governance Streamline end-to-end process & comms Promote a decentralized community Specification & Rationale:

This change would require:

changes to the existing Snapshot page creating another Snapshot page for Temp Check (Snapshot only supports one configuration per page) changes to forum categories / templates Benefits (Pros):

more time for people to get familiar with the proposals higher degree of decentralization more rigor and quality around the contents of the proposal Downside (Cons):

longer time to pass proposals Voting

yes for the structure to change no for the structure to stay the same