New Order Improvement proposal
As the contributing community decides the direction of New Order DAO, we have a robust governance process that allows the ecosystem to evolve over time. Here, we will introduce the different proposal mechanisms underpinning the governance process. The proposals will be required to meet the core values of New Order outlined in our constitution.
At launch the governance process will be housed on the New Order forum. In order for the proposal to be accepted by the protocol, it will need to successfully approved, by passing 3 steps:
Further, we will discuss the Steps in closer detail:
This is the first time the idea is introduced to the community, and is considered an informal draft which will be further refined after the discussion is considered. A proposal can be posted for discussion in the New Order forum with a “Step 1” tag. Before any voting is rendered the community can engage in discussions and offer constructive criticism allowing the creator to collect supporting data and evidence to be included in a revised Step 2 post. The data collected will be helpful in refining the proposition and providing the community with an edited and improved proposal ready for voting.
There is no formal limit on the time required for passing, rather the potential success of the proposal depends on the traction achieved with other community members.
Conditions for passing
No formal criteria for passing are presented, rather traction with the community is used as a basis for assessing the likelihood of the proposal to be accepted.
What is it?
During the 2nd Step an already refined proposal is submitted through the New Order forum using a New Order Proposal Template. This allows for a level of standardization of proposals allowing for an organized analysis of submissions by the community. The Improvement Proposal can be created by submitting the proposal on the New Order Proposal subcategory of the forum.
The template provides required fields, which include a Simple Summary, Abstract, Motivation, Specification,Supporting Evidence, and Implementation. After the submission is rendered the 2nd Step submission will be accompanied by a 5 day forum poll with an option to Make no Changes.
5 days will be required for the forum to vote through an integrated polling mechanism
In order for a proposal to move from Step 2 to Step 3, the post should receive a majority forum poll voting. If the relative majority of votes on the forum poll indicates the result of Make no changes aka rejecting the proposal, the proposal will not pass to Step 3.
There are two ways of indicating that the proposal has moved on to the final 3rd Step. The originator can move the proposal to Step 3 by editing the Template post previously submitted to reflect the results form the conducted in-forum poll, where the outcome portrays a majority voting in favor or by simply updating the tag used when creating the forum post to Step 3.
After the forum post has been updated, a Snapshot vote must be created that has all the information included in the proposal and a link to the original Template posting on the forum. The Snapshot vote must also include a “Make no Changes” option, which serves as an option for votes who are not in favor of the proposal. Further, in order to participate in the voting the members must hold a minimum of 1 governance token.
After the Snapshot poll is created a link to the poll and a New Order Impact app must be included in the original Template forum post.
The Snapshot vote will be rendered over a 7 day period, providing members an extended period of time to participate in the decision process.
In order for the proposals to be accepted in the 3rd Step, the Snapshot voting should have a relative majority of tokens used signaling the outcome. This outcome should be accompanied by a yes-voting quorum of a minimum of 4% of the circulating supply of New Order governance tokens. If the relative majority of tokens used on the Snapshot poll indicates the result Make no changes aka rejecting the proposal, the proposal will not be accepted and considered closed.