I’ve prepared a handy tutorial to walk users through the process of how we’re currently going to be conducting governance. The beauty of moving towards full decentralization is that even this process can be subject to change if there’s enough will to change it and our users determine that there’s a more efficient way.
As it stands, we have three main categories to keep an eye on:
Proposals
This is meant to act as a proving ground for ideas that aren’t quite fully fleshed out yet, or to open a dialog with other users to debate the merits of implementing a change to Saffron Finance. This gives the community the chance to hash out and iterate towards a better vision of the initial idea. If a proposal is popular enough it then enters into a formal governance process, starting with the temperature check. Users are strongly encouraged to post their ideas here first before proceeding to Temperature Check, as we don’t want the Temperature Check category to be bogged down with excessive proposals that don’t reflect a significant amount of sentiment in the community.
Stage 1: Temperature Check
This is the first stage where a formal vote takes place. Temperature checks have a duration of 2 days. During these 2 days, Discourse users vote on whether or not the proposal will serve as an overall benefit to the health and longevity of Saffron Finance. At this stage, voting is done on Discourse and if a vote succeeds it will be placed in a queue for the second stage, Consensus Check.
Stage 2: Consensus Check
Consensus Check is the second and final voting stage that will use Saffron Finance’s snapshot page. Snapshot is a web application that users can connect their wallet and vote on the proposal. A Consensus Check vote carries significantly more weight than a temperature check, requiring users to vote with their SFI, and will last 5 days instead of 2. Every Consensus Check must include an option to “Make no change” or it will be disqualified. To prevent bogging down the system, only 3 active Consensus Checks may be active at any time. If your proposal passes the Temperature Check and there are already three active Consensus Checks, it will be placed in a queue for the next available slot. The result of the Consensus Check is carried out on-chain.