Formal Proposals
The Increment community uses Discourse for discussing protocol improvements and formulating proposals to be voted on. The protocol heavily relies on the voice of our community and that is where you can put your thoughts into action.
Increment implements a straightforward and iterative governance structure:
Anyone can post and discuss new ideas informally on the Increment community forum to garner momentum inside the community.
Duration: No minimum or maximum time frame on how long a proposal remains in this phase
Who: Anyone can post
Requirements: No formal requirements
An IEP provides a structured overview of the proposal that acts as the basis for further discussions and also as foundation for decision making during the next phase.
Duration: No minimum or maximum time frame on how long a proposal remains in this phase
Who: Anyone can create an IEP, but it is recommended that you start with a Proposal Discussion first so you cam gauge the community's interest and build consensus
A formal proposal needs a Snapshot vote to measure consensus. This is last step before conducting an on-chain vote.
Duration: 3 days
Who: Hold at least 100 INCR is required to create a proposal
Quorum requirement: 400,000 INCR has to participate
Template: TBD
Outcome: If the Consensus Check does not suggest a change from the status quo, the topic will be closed on the governance site. If the Consensus Check does suggest a change, proceed to Stage 4: Consensus Check.
The final execution of an IEP requires a successful on-chain vote by the community. This will be done on Tally.
Duration: 7 days
Who: Hold at least 100 INCR is required to create a proposal
Quorum requirement: 400,000 INCR has to participate
Template: TBD
Outcome: If quorum is reached, then the winning outcome will be executed. If quorum is not reached, the proposal will be rejected. If the winning outcome is “Make no changes” or “Against”, the proposal will be rejected.
Last modified 1mo ago