Governance Stages
Stage 1: Request for Comment (RFC)
In the initial stage, the author posts an RFC to the Shell governance forum on Commonwealth. Anyone may author and post an RFC. To create an RFC, navigate to the Proposals Category on Commonwealth and create a new topic.
Forum post title must follow the format: "RFC: [Category]/[Your Proposal Title]"
The text of the post must follow the format in Proposal Template.
Have an idea for an RFC? Before making a formal post, consider first sharing your thoughts, concerns, or goals on the forum to get early feedback or co-authors. You may then link to this discussion when you post the RFC.
Forum moderators will check that RFCs follow the correct format. If there are any issues, the author will be notified and invited to repost the RFC properly.
Stage 2: Discussion
During this stage, the community can provide feedback and help author(s) modify or revise the proposal. It is recommended to allow at least one week for open discussion. Complicated or controversial proposals may benefit from a longer discussion period.
Authors are expected to be active participants in the forum discussion.
As the author, you are the champion of this proposal! It's up to you to promote the RFC, get feedback and inspire voters.
Consider using supplemental discussion platforms, such as Discord or Twitter spaces.
Reach out to veSHELL delegates for their support.
Be open to making changes to your proposal as needed.
Stage 3: Snapshot Vote
Once the author(s) consider the proposal finalized, it's time to move to a vote.
The Snapshot process begins when an address with at least 2000 veSHELL (individually or by delegation) posts a Proposal that meets all of the required specifications.
A valid Snapshot vote must adhere to the following.
The proposal must provide a link to the forum post of the respective RFC.
The order of vote options must be as follows. (The order is important to reduce noise resulting from users who always just click the first option.)
ABSTAIN
NO
YES
The vote must run for 10 days.
The vote must have a quorum of 10% of the total supply of veSHELL, as measured at the block it was proposed.
If the proposal receives more “YES” votes than "NO" votes, it will be considered “Passed”.
If applicable, the linked payload must match the specification.
One veSHELL token = one vote.
If a vote fails, it will not be executed. You may post it again to Snapshot for a re-vote, but you are encouraged to wait at least one month before doing so, unless other circumstances have meaningfully changed. This is to reduce spam and be considerate of the time and energy required for proper governance.
A Snapshot vote that fails to meet all of the above requirements will not be valid, even if it wins a majority of the votes.
If you're unsure, don't be shy! Ask for help.
Stage 4: Results and Execution
If a vote requiring on-chain activity passes, the DAO Multisig must then execute the vote as soon as possible, at maximum within one week. Upon transaction execution, community moderators are expected to post a comment on the forum thread with a link to the transaction.
In case of a delay, multisig signers must post regular updates to the Forum on the Proposal's thread providing an explanation and relevant details.
Keep in mind the DAO's on-chain capabilities are limited. All other votes will be executed off-chain following the steps described in the proposal.
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