ScrIP-02: Codify Voting Procedures for Scream

Summary

Formally adopt voting procedures for Scream voting using veSCREAM on Snapshot. Voting time on major protocol changes will stay at 7 days, while voting time on parameter changes will be limited to 3 days.

Motivation

Currently there is no codified voting procedure for Scream’s governance. This proposal seeks to establish one. ScrIP-01 ran for 7 days on Snapshot using veSCREAM voting, so this will be considered the default and will be used for this vote.

New Parameters

• Protocol-level changes. Any time a new contract is deployed or added to the protocol, as in the case of adding markets to the unitroller or updating implementations for sTokens or the unitroller. Voting period: 7 days. Vote using veSCREAM on Snapshot space screamsh.eth.
• Parameter changes. Changing values for adjustable parameters in the unitroller such as supply cap, borrow cap, comp rate, and collateral factor (aka LTV). Voting period: 3 days. Vote using veSCREAM on Snapshot space screamsh.eth.

These procedures will apply to all votes created after the completion of ScrIP-02’s voting period should it pass. Once a proposal passes, Scream's multisig will act in a timely manner to execute the necessary steps for the proposal.


Voting Choices

For: Adopt these procedures 
Against: Do not adopt these procedures