4. (On-chain) DIP Creation
When a rough consensus is reached, an on-chain DIP may be submitted by a community member who holds enough proposition power for the type of proposal. An on-chain DIP is initiated via a smart contract call. The proposal should be based on the winning outcome of the off-chain DIP voting on Snapshot and can consist of one or multiple actions, up to a maximum of 10 actions per proposal.
A DIP creation is subject to a minimum number of tokens held/delegated required for an account. A Timelock executor must be specified when a proposal is created. The initial parameters are as follows (and can be modified by governance):
Parameter | Description | Short Timelock Executor | Merkle-Pauser Executor | Long Timelock Executor | Starkware Executor |
|---|---|---|---|---|---|
Proposal Threshold | Minimum tokens held/delegated to create proposal | 0.5% of total supply | 0.5% of total supply | 2% of total supply | 0.5% of total supply |
Last modified 1yr ago