FAQs

1. I am someone who wants to submit a proposal: How much SLF is needed?

No SLF is required to draft and submit a proposal. However, you must ensure the proposal aligns with the governance guidelines to move forward in the process.

2. I am someone who submitted a proposal or wants to kick off an already submitted proposal: How much SLF is needed?

To officially initiate the proposal for voting, you need to deposit 2,500 SLF. This ensures a commitment to the governance process and discourages spam or frivolous submissions.

3. How much SLF is required to pass a vote?

The amount of SLF required to pass a vote depends on the total amount of staked SLF and the specific quorum percentage defined in the governance parameters. Ensure you check the current governance settings for exact thresholds.

4. How much SLF are required to veto a vote? ***

A veto requires reaching the "NoWithVeto" threshold, which depends on the percentage specified in the governance parameters. Currently, the veto threshold is set at 33.40% of the total votes. Validators and delegators can participate by staking their SLF and voting to veto proposals they find harmful or misaligned with the network’s goals.

5. What happens when a vote is passed?

If a vote passes, the proposed changes are scheduled for implementation based on their type:

Parameter Changes: Automatically updated in the governance module configuration.

Software Upgrades: These are included in the next upgrade cycle and require validator node updates.

Community Pool Spend: Funds are allocated as specified in the proposal.

6. Do I need to do anything to my node if I am a validator?

Yes, for proposals involving software upgrades, validators must update their nodes to the new version before the scheduled upgrade time to remain in consensus. For other proposals, no action is needed unless specified.

7. Is there a place to discuss proposals?

Yes, proposals can be discussed in the official governance forums or on the Self Chain community channels. The Governance forum at https://dao.selfchain.xyz/ also provides a space for proposal discussions and status tracking.

8. How long does a vote last? ***

The voting period duration is defined in the governance parameters. Typically, it lasts 5 days, but this may vary depending on the network’s configuration. Ensure to check the current parameters for the exact duration.