To ensure everything is ready for upcoming and subsequent ballots, Confusion Capital is introducing a clear framework of ground rules. The team officially promises that before any adjustments can be made to the RSR unlocking logic, tokenholders must give their approval.
Please note that no unlocking mechanisms are being altered today. Instead, this initiative simply outlines the method for how modifications will be handled down the road. Any potential change must be shared openly and voted on by RSR holders using their tokens.
The foundational steps are straightforward. Confusion Capital will bring forward a proposal, and the RSR holders will make the final choice. A complete version of the proposition needs to be published on the forum 7 days before the voting period initiates. Once active, the voting phase will last for a 7-day period on @SnapshotLabs. A successful outcome requires reaching a 1B RSR quorum and securing a simple majority of the participating votes.
In the interest of impartiality, CC will refrain from participating in votes regarding its own proposals. This rule extends to @nnevvinn, ABC Labs, Best Friend Finance, and any future businesses that CC incubates.
Additionally, the governance framework features a self-amending design. This means that if anyone wishes to update these voting guidelines, they must navigate this exact same approval process.
You can find comprehensive details by visiting the official Reserve forum post here: https://forum.reserve.org/t/confusion-capitals-constitutional-rsr-unlocking-governance-pledge/1621
Please note that no unlocking mechanisms are being altered today. Instead, this initiative simply outlines the method for how modifications will be handled down the road. Any potential change must be shared openly and voted on by RSR holders using their tokens.
The foundational steps are straightforward. Confusion Capital will bring forward a proposal, and the RSR holders will make the final choice. A complete version of the proposition needs to be published on the forum 7 days before the voting period initiates. Once active, the voting phase will last for a 7-day period on @SnapshotLabs. A successful outcome requires reaching a 1B RSR quorum and securing a simple majority of the participating votes.
In the interest of impartiality, CC will refrain from participating in votes regarding its own proposals. This rule extends to @nnevvinn, ABC Labs, Best Friend Finance, and any future businesses that CC incubates.
Additionally, the governance framework features a self-amending design. This means that if anyone wishes to update these voting guidelines, they must navigate this exact same approval process.
You can find comprehensive details by visiting the official Reserve forum post here: https://forum.reserve.org/t/confusion-capitals-constitutional-rsr-unlocking-governance-pledge/1621