This proposal establishes the following governance process for SRSC

With the exception of non-controversial parameter adjustments by SRSC developers, all proposals must be posted to the governance forum and have a discussion period prior to a vote.

Forum posts of proposals should include a forum vote for feedback and signaling. Final proposals must be posted on the forum under the SIP category. Links to the Snapshot vote need to be included on the same thread.

Proposals

Proposals for the SRSC DAO can be submitted by any member holding over 50,000 CHIZ

Voting

Voting currently takes place on SRSC’s Snapshot.

• 50,000 CHIZ is the minimum amount of CHIZ to start a valid Snapshot vote.
• Votes must be for a minimum of 3 days.
• A simple majority (50% + 1) wins the vote.
• Votes may only be binary options (for or against).

Quorum

A quorum of 5% of the circulating supply of CHIZ is required for the result to be valid, unless the proposal alters meta-governance or emissions of CHIZ or Rats.

For meta-governance or CHIZ/Rats emission related votes, a quorum of 10% of the circulating supply of CHIZ is required for the result to be valid.

The circulating supply calculation is based on the block of the Snapshot vote.