Overview of Governance

Governance on the Flamma Network empowers stakeholders to participate in decision-making processes that shape the network's future. This decentralized approach ensures the community has a voice in key decisions, maintaining the network's integrity and alignment with its participants' interests.

Proposal Process

1. Proposal Submission: Any user can submit a proposal by paying a deposit.
2. Deposit Period: The community can add deposits to the proposal to meet the minimum threshold.
3. Voting Period: Stakeholders vote on the proposal.
4. Result Period: Votes are tallied and the outcome is determined.

Voting Options

• Yes: Agree with the proposal.
• No: Disagree with the proposal.
• No, with Veto: Strongly disagree and request the deposit to be burned.
• Abstain: Neither for nor against, but still participating.

Proposal Quorum

A minimum percentage of the total staked tokens must participate for a proposal to be valid.

Proposal Types

• Parameter Change Proposal: Modify network parameters.
• Community Pool Spend Proposal: Allocate funds from the community pool.
• Text Proposal: Handle other significant decisions.
• And more...

Voting Process

+----------------------+
| Proposal Submission  |
| (User submits a      |
| proposal with a      |
| deposit)             |
+----------+-----------+
           |
           v
+----------+-----------+
| Deposit Period       |
| (Community adds      |
| deposits to meet the |
| minimum threshold)   |
+----------+-----------+
           |
           v
+----------+-----------+
| Voting Period        |
| (Stakeholders vote   |
| on the proposal)     |
+----------+-----------+
           |
           v
+----------+-----------+
| Result Period        |
| (Votes are tallied   |
| and outcome is       |
| determined)          |
+----------+-----------+
           |
           v
+----------+-----------+
| Implementation       |
| (Accepted proposals  |
| are enacted)         |
+----------+-----------+
           |
           v
+----------+-----------+
| Deposit Refund/Burn  |
| (Deposits are        |
| refunded or burned   |
| based on outcome)    |
+----------------------+

1. Submission: User submits a proposal with a deposit.
2. Deposit Period: Users back the proposal with deposits.
3. Voting Period: Community votes on the proposal.
4. Tallying Votes: Votes are counted, and proposals pass if they meet quorum, threshold, and veto conditions.
5. Implementation: Accepted proposals are enacted.
6. Deposit Refund/Burn: Deposits are refunded or burned based on the outcome.