Governance
Last updated
Last updated
Governance on Self Chain empowers the community to make collective decisions regarding the network’s future. By leveraging on-chain voting mechanisms, Self Chain ensures transparency, inclusivity, and decentralization in its decision-making process.
This document outlines how governance works on the Self Chain, including proposal creation, voting mechanisms, and best practices for participation.
The Self Chain Governance Application can be accessed via the following URL: . This platform is integral for managing and engaging in all governance-related activities, providing users with a seamless interface to submit proposals and participate in the decision-making process.
Self Chain utilizes the Cosmos SDK’s governance module, enabling participants to propose and vote on network upgrades, parameter changes, and other community-driven initiatives.
Decentralized Decision-Making: Community stakeholders actively influence the network’s direction.
Proposal Types: From text proposals to funding requests, Self Chain supports diverse proposal categories.
Token-Based Voting: Votes are weighted based on the number of staked or bonded SLF tokens
Self Chain supports the following proposal types:
Text Proposal: General proposals for signaling community sentiment.
Parameter Change Proposal: Adjustments to critical network parameters (e.g., gas fees, staking requirements).
Community Pool Spend Proposal: Allocation of funds from the community pool to support ecosystem initiatives.
Software Upgrade Proposal: This is for deploying new versions or significant upgrades of Self Chain.
Cancel Software Upgrade Proposal: To halt an already scheduled software upgrade.
Proposals on Self Chain can be submitted through two methods: using the Selfchaind CLI or through the Governance Application. Each method has its own advantages, and users can choose based on their technical expertise and preferences.
Using the Selfchaind CLI to submit a proposal allows for precise control and customization. Follow these detailed steps to ensure a smooth submission process:
Verify the Submission.
Use a supported wallet (e.g., Keplr) to connect to the Governance Application. Ensure the following:
• Your wallet is configured for Self Chain.
• You have sufficient SLF tokens to cover the required deposit for submitting a proposal.
Navigate to the Create Proposal page and complete the required fields. Depending on the proposal type, you may need to provide:
Title: Craft a short, descriptive title.
Description: Offer a comprehensive explanation of the proposal's objectives and intentions.
Additional Parameters: Provide details such as recipient address, requested amount, or upgrade height if needed.
Proposal Type: Select from the available options such as Text Proposal or Community Pool Spend Proposal.
Review the proposal details to ensure accuracy.
Click the Submit Proposal button.
Your wallet will prompt you to sign the transaction. Confirm the transaction to finalize the submission
After submission, verify the status of your proposal within the Governance Application. You can:
Monitor the voting timeline.
Track the Deposit Phase progress.
View the Proposal ID and details.
and Prepare the JSON File
Using the selfchaind CLI.
Open your web browser and navigate to the . This portal serves as the central hub for all governance activities, including proposal creation, voting, and status tracking.