Governance Proposals
Phase 1 Notice: During the current Development Phase, proposal submission is restricted to the Orbinum Team. The process described below applies to Phase 2 (Open Governance).
In Phase 2, a proposal is a formal request to change the Orbinum Network. Proposals must be reviewed and approved by the Governance Committee before being voted on by the community.
Proposal Lifecycle (Phase 2)
1. Submission
Stakeholders submit a proposal outlining the desired change, rationale, and technical implementation details.
- Requirement: Proposals must follow the standard template and include a deposit bond to prevent spam.
2. Committee Review
The Governance Committee evaluates the proposal based on:
- Security: Does it pose any risk to the network?
- Feasibility: Is it technically sound and implementable?
- Alignment: Does it align with the project's long-term vision?
The Committee can Approve, Reject, or request Revisions. Only approved proposals move forward.
3. Referendum (Voting)
Approved proposals become Referenda open for community voting.
- Voting Period: Typically 28 days.
- Participants: All $ON token holders can vote using their stake.
4. Enactment
If the proposal passes the community vote:
- Enactment Delay: A mandatory waiting period ensures network stability and allows users to prepare for changes.
- Execution: The change is automatically applied to the network.
Types of Proposals
- Parameter Changes: Adjusting fees, inflation rates, or Orbit configurations.
- Runtime Upgrades: Updating the core blockchain logic.
- Treasury Requests: Allocating funds for ecosystem projects (requires Committee approval).
- Orbit Management: Whitelisting new Orbits or deregistering underperforming ones.