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Voting

Voting Process

Governance will participate in decision making through a proposal voting process. The general proposal process will be as follows:
  1. 1.
    Discussions: The community may carry on discussions in the OptyFi Forums, including in the “Possible Proposals” section.
  2. 2.
    "OIP" Proposal Creation: If a particular discussion attracts significant interest, the Operator may create a formal OptyFi Improvement Proposal (OIP).
  3. 3.
    OPTY Staking: In order to participate in voting, OPTY holders will need to stake their OPTY. The length of time for which OPTY tokens are locked in the staking pools, will determine the voting power of the OPTY.
  4. 4.
    Voting: Each OIP will be set to a Governance vote. Voting rules will be determined by the proposal category.

Voting Power

Staking Pool Lock-In Period
Voting Power
None
1 OPTY - 1 Vote
3 Months
1 OPTY - 2 Votes
6 Months
1 OPTY - 3 Votes
12 Months
1 OPTY - 5 Votes

Voting Rules

Proposal Category
Approval Threshold
Quorum
Normal
50%
5%
Critical
75%
5%

Issues by Proposal Category

Proposal Category
Issues
Normal
  • Selecting an Operator every 12 months.
  • Changing the authority granted to an Operator.
  • Treasury expenditures in excess of $10,000 USD.
  • Setting the distribution rates and vault allocations for Liquidity Mining and Staking.
  • All matters that don’t fall into the Critical Vote category.
Critical
  • Removing an Operator mid-term.
  • Changing the Voting Power for Staking Pools.
  • Changes to the Governance System and Voting Rules.
Last modified 5mo ago