Proposal Framework

With the recent KUMA Governance Framework Proposal approval, the KUMA protocol and its governance are officially laid out, voted on, and put into action.

The main components of this initial proposal are simply outlining how decisions are going to be proposed and executed. These are broken down into three categories: KIR, KGP, and KIP.

Posting a proposal on the governance forum and discussing it there and on discord first allow to get a sentiment check and some valuable feedback about the community ideas and upcoming snapshot votes. A channel is opened for each proposal on discord and archive it once voted.

Required informations for any proposal

Governance forum post

Each proposal should be posted on the governance forum for at least 48 hours before posting the snapshot, which allows the DAO members to give some feedback, propose changes, and vote on a sentiment poll.

Proposal type, number and name

Each proposal must be easily identifiable and correctly classified.

  • Type: KIR - KGP - KIP. This will be detailed in the second part of the proposal

  • Name: The name must be the same on the forum post and snapshot (Max 10 words)

  • Number: Each proposal must have a number that represents the post order on the forum and on Snapshot (KIP-0, KIP-1, etc.)

Summary: Short description of the proposal (1-2 sentences max)

Rationale: Detailed explanation of the proposal and milestones for its execution.

Means: Resources needed for this proposal

  • Human resources: Special skills required (dev or others)

  • Treasury resources: Proposal cost (in any tokens ($)), % of the treasury required

Technical implementation: Highlight the technical implementations of this proposal if any

Voting options: Mention the options that will be included on the snapshot vote, including an “Abstain” one.

Sentiment poll: A poll on the governance forum post to get a first sentiment at least 48 hours before submitting a snapshot proposal

Proposal type

Proposal to add a new type of NFTs bonds.

KGPs are about common governance proposals, especially the ones related to the treasury of the protocol and the DAO organization.

The proposal also outlines how more conservative parameters are best for KGPs since they relate to the treasury.

KIPs are the most important modifications regarding both governance and the protocol directly.

These proposals are going to provide context and explain in detail what this means for KUMA as a whole. Examples of KIPs could be new version, smart contract modifications, governance framework updates, or updating signers on the multisig.

Since these are more critical to the protocol, it’s also important to include as much as the community as possible and increase the quorum so it’s a full and fair vote. These also include longer voting periods of 7 days.

KUMA Moving Forward

In addition to the new frameworks, the process and governance model also became much more streamlined in how we discuss & collaborate with the team and the Mimo community.

Every decision regarding the actions KUMA continues to take and the technical integrations the KUMA DAO planning to implement are open to the DAO members.

Follow & reach out on Twitter for any updates, Governance Forum for the in-depth technical talks, and Snapshot for the results of the vote that made this all happen.

To get more involved, don’t forget to lock MIMO & join the Discord for general information.

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