JBP-162 - Update Governance Process

Title: Update Governance Process
Author: filipv
Date: 2022-05-04

Thesis

Ratify updates to the governance process and migrate the corresponding document to the docs.

Abstract

The full, updated document can be found at https://gateway.pinata.cloud/ipfs/QmTMUCYAbVGXgge5Kp4bnUrcxs29jMgai1HjtkLbBM1q2t

Updates include:

1. Step 0 - Discussion added to clarify proposal creation process.
2. Clarity improvements to temperature check language.
3. “Voting Off-Chain” renamed to “Offchain Voting”. Language clarified.
4. 48 hour minimum for offchain voting -> 72 hour minimum for offchain voting.
5. Clarification of Abstain votes (not included in quorum or approval threshold).
6. Emergency process update.
7. Multisig emergency action quorum from 4 signers -> 80% of signers.
8. Updates to language and phrasing throughout document.
9. Out of date sentences and language removed throughout document.

Motivation

To clarify the governance process and to avoid misunderstandings.

Risks

The governance process has worked so far. Frequent changes increase the risk that something could go wrong.

Timeline

Effective upon this proposal’s Snapshot approval.

Copyright Disclaimer

Copyright and related rights waived via CC0.

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