README: Welcome to the Increment Governance Forum

The Increment community uses Discourse for discussing protocol improvements and formulating proposals to be voted on.

The protocol heavily relies on the voice of our community and this is where you can put your thoughts into action. The conversations you have here will determine the future of the protocol.

Increment implements a straightforward and iterative governance structure:

Stage 1: Proposal Discussion

Anyone can post and discuss new ideas informally on the Increment community forum to garner momentum inside the community.

Duration: No minimum or maximum time frame on how long a proposal remains in this phase

Who: Anyone can post

Requirements: No formal requirements

Stage 2: Increment Ecosystem Proposal (IEP) - Temperature Check

An IEP provides a structured overview of the proposal that acts as the basis for further discussions and also as foundation for decision making during the next phase.

Duration: No minimum or maximum time frame on how long a proposal remains in this phase

Who: Anyone can create an IEP, but it is recommended that you start with a Proposal Discussion first so you cam gauge the community’s interest and build consensus

Requirements: Post in the IEP section of the Increment community forum.

Template: TEMPLATE: [IEP #0] Increment Ecosystem Proposal

Stage 3: Increment Ecosystem Proposal (IEP) - Consensus Check

A formal proposal needs a Snapshot vote to measure consensus. This is last step before conducting an on-chain vote.

Duration: 3 days

Who: Hold at least 100 INCR is required to create a proposal

Quorum requirement: 400,000 INCR has to participate

Template: TBD

Outcome: If the Consensus Check does not suggest a change from the status quo, the topic will be closed on the governance site. If the Consensus Check does suggest a change, proceed to Stage 4: Consensus Check.

Stage 4: Increment Ecosystem Proposal (IEP) - On-Chain Vote

The final execution of an IEP requires a successful on-chain vote by the community. This will be done on Tally.

Duration: 7 days

Who: Hold at least 100 INCR is required to create a proposal

Quorum requirement: 400,000 INCR has to participate

Template: TBD

Outcome: If quorum is reached, then the winning outcome will be executed. If quorum is not reached, the proposal will be rejected. If the winning outcome is “Make no changes” or “Against”, the proposal will be rejected.

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