Balancer
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Governance Process

Summary

This page outlines the Balancer Governance Process from Request for Comment [RFC] through executing a result.
tl;dr:
  1. 1.
    Post a Request for Comment to the forum (template)
  2. 2.
    Facilitate preliminary discussion
  3. 3.
    Update and refine RFC to become a Proposal
  4. 4.
    Snapshot vote
  5. 5.
    Execute result or try again in 30 days

Outline

Step 1: Request For Comment (RFC)

Start a new conversation on the Governance section of the forum with the [RFC] tag. The message should contain the following sections. Click here for a forum post template.
  • Background
    • What is the current state or what you're addressing? Is there any relevant information that the common reader might not know?
  • Core Proposal(s)
    • What is your idea on how to improve the state of the art?
  • Dependencies
    • What is needed to introduce the change?
  • Risk assessment
    • What can go wrong? What is the impact of your proposal on the rest of the community, ecosystem, protocol?
  • Open Questions
    • Any obvious discussions or things you are still considering?

Step 2: Discussion

  • Monitor the discussion and gather feedback
  • Message #brainstorming-and-ideas channel on Discord to draw peoples' attention to the RFC
  • Encourage interested parties on Discord to gather their thoughts in a forum post

Step 3: Proposal

  • After about two weeks, it's time to move to the proposal phase, assuming there has been some discussion and some preliminary consensus.
  • In the same topic thread as your RFC, share your updated proposal.
    • The proposal should be a refined RFC that includes all the suggestions from the discussion.
  • Change the tag from [RFC] to [Proposal].
  • Collecting final feedback and get advice for changes.
  • Wait for at least 7 days and make sure you have a general consensus among the others before moving to Snapshot.

Step 4: Snapshot

Now that we have a proposal, we can move into a Snapshot vote. If you are unable to post your Proposal to Snapshot, ask for help in the Discord #governance channel.

Step 5: Results

If the vote fails in an approve/reject vote, the guideline for a re-vote is to wait at least 30 days.
If the vote succeeds or a result has been chosen, follow through to make sure that it is properly executed. Depending on what the vote is about, it may require an action by the Multisig.
Last modified 27d ago