Archway Proposal: #4

Signaling Proposal: Archway Governance Process & Framework

Status:
Passed
Yes100%

Turnout:56.61%

Quorum:33.40%

Yes: 100%

250,762,123 ARCH

No: 0%

2,377 ARCH

No With Veto: 0%

107 ARCH

Abstain: 0%

14,726 ARCH

Voting Period

  -  

Deposit End

Submit Time

Description

Type:

Signaling Proposal

Title:

Archway Governance Process & Framework

Summary:

The Archway Foundation puts forward an operating framework for on-chain governance proposals with the objectives of:

Details:

1. Proposal Types:

The Archway community will be able to vote on community treasury use, network upgrades, parameter changes, intent signaling, and a few others as further set out below.

Non Technical Implementation Proposals:

Technical Implementation Proposals:

2. Proposal Process:

The following steps should be expected and strongly enforced by the community when setting up a proposal. Proposals that don’t follow these standards, with the exception of emergency proposals, should be considered incomplete and thus should not be passed.

Step #1: Socialization [Min 3 - 7 Days]

Goals:

Actions for proposer:

Step #2: Formalization [Min 3 Days]

Goals:

Actions for proposer:

Step #3: Implementation [On-chain Voting]

Goals:

Actions for proposer:

Emergency Upgrades:

In some emergency circumstances, such as the discovery of a critical protocol-level bug, this standard governance process may be too slow to resolve urgent issues. In these cases, a quicker response may be necessary to prevent damage to the system, the loss of assets, or to maintain the confidence of users and stakeholders. Therefore, emergency upgrades may require direct communication and coordination with network validators to ship a code fix alongside a chain halt, rather than pass this through a protracted proposal process.

In these extreme cases, ensuring the integrity and survival of the network takes precedence over regular governance procedures. It’s therefore crucial that any such actions are transparently communicated during/after the fact, and that they are the exception rather than the rule.

3. Proposal Format:

All proposals should follow a standard structure that includes key elements, to ensure all information presented cleanly and consistently:

4. Voting Power:

Voting power is determined by stake weight at the end of the voting period and is proportional to the number of total ARCH participating in the vote. Only staked ARCH tokens count towards the voting power for a governance proposal.

Unstaked ARCHs will not count toward a vote or quorum.

Only tokens staked with active validators will have voting power. Inactive validators are able to cast a vote, but their voting power (including the backing of their delegators) will not count toward the vote if they are not in the active set when the voting period ends.

5. Voting Options:

If there are sufficient NO WITH VETO votes, the depositors will lose their funds. The depositors will also lose their funds if a quorum of over 33% is not reached. In each case, the funds will be burned.

6. Current Parameters:

Current parameters are set at the below values. The community will be able to change these as they see fit.

Forum Discussion:

Signaling Proposal: Archway Governance Process & Framework

Proposers:

Michael Cullinan, one of the Directors of the Archway Foundation. Michael has been a core contributor to the Archway Protocol for the last 2 years.

This proposal incorporates valuable input and feedback provided by Valeria Salazar and Ethan Illingworth from Phi Labs, as well as David Fortson of LOA Labs. Additionally, it has been influenced by governance discussions and frameworks established by the Regen community, as per David's suggestion.