PSP-IPΔ4: ParaSwap Improvement Proposal Framework

The “PSP governance framework” is a detailed description of the required elements for a proposal. It is intended to simplify the work of governance in many ways:

• First, to minimize as much as possible incomplete proposals that will require additional information.
• Then, to facilitate the participation of DAO members by providing a complete and clear structure.
• Finally, accelerate the proposals’ implementation by considering this topic at the drafting stage.

The “Governance scribes” are responsible to ensure that the ideas and first writings of the communities are in adequacy with the framework. In this sense, they are an accompaniment to the writing process, but they don’t take ownership of a proposal, which remains the property of its first writer.

After several iterations following the experience of the first proposals, this framework is submitted to the PSP DAO for approval. If the proposal is accepted, it immediately standardizes the way future proposals will be written.

1. Proposal Number & Name A number to identify the proposal, based on the order of submission and name (= snapshot vote title). Ex: PSP-IPΔ4: ParaSwap Improvement Proposal Framework

2. Keywords One or multiple choice: Front-end upgrade, smart contract development, marketing and communication, security, PSP token upgrade, PSP liquidity incentives, PSP staking policy, parameter update, integrations, and synergies.

3. Simple Summary Clear and layman-accessible one or two-line summary of the proposal.

4. Context Comprehensive overview of the issue being addressed and the solution proposed (~ 100w).

5. Goals What are the main goals of the proposal? What is it trying to accomplish?

6. Means What the proposal requires to come to life: PSP budget, additional development on the ParaSwap product, external development, etc.

7. Metrics How will success be measured? What metrics will be used to evaluate the success of the proposed implementation?

8. Forward-thinking considerations With this proposal implemented, what are the next steps to consider? Does this proposal include any new parameter the DAO can adjust? Does it call for a revision of another subcomponent of the system?

9. Implementation overview What happens if this proposal goes through? A high-level overview of the main steps required for its implementation. A deadline can be added for the implementation

10. Voting options What options will be voted on? For closed proposals, the classic options are “For”, “Against” and “Abstain”.