Swingby Skybridge
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  • πŸ—³οΈSWINGBY DAO
    • πŸ—ΊοΈOverview
    • πŸ›οΈFramework
      • πŸ’‘Phase 1: Informal Discussion
      • πŸ—£οΈPhase 2: Proposal Refinement & Temperature Check
      • πŸ‘Phase 3: Signal Voting
      • πŸ—³οΈPhase 4: On-chain Voting
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  • About On-chain voting
  • Process

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  1. SWINGBY DAO
  2. Framework

Phase 4: On-chain Voting

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Last updated 3 years ago

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This is the final Phase of governance, where on-chain voting will take place at https://dao.swingby.network. By this stage, the Proposal has already went through discussion, feedback and ratification in Phases 1 to 3.

About On-chain voting

  1. Warmup Period: 4 days

  2. Voting Period: 4 days

  3. Pending Execution: 4 days

  4. Grace Period: 4 days

Who can propose?

Only SWINGBY holders who have a 1% share of all vSWINGBY (voting power) can propose a proposal.

If you are proposing a proposal, but do not meet this requirement. Please inform a moderator to help get your proposal published.

Who can vote? All SWINGBY holders who have staked their SWINGBY on the DAO UI & have vSWINGBY (voting power) can vote.

Process

1. Create Proposal

2. Vote during Voting Period

3. Execute during 'Pending Execution' Period

A Proposal can be passed only when it has 45% Quorum and 60% votes FOR the proposal. After a Proposal is passed, execute the Proposal on the DAO UI. This will ensure that the proposal is executed on-chain via the DAO.

πŸŽ‰ At this stage, you've successfully went from Idea to a Passed Proposal!

The DAO Platform is a fork of . The On-chain voting process consists of the following periods:

If you have at least 1% vote power (vSWINGBY) of the total amount of $SWINGBY staked in the DAO. you can on the DAO UI. Once created, a 4-day warm-up period will commence.

When the Voting Period commences, you can .

πŸ—³οΈ
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Barnbridge's DAO platform
create a Proposal
vote on the DAO UI
Swingby DAO UI
Lifecycle Diagram of Proposal stages in Phase 4 (On-chain voting)