KUMA Improvement Protocol (KIP)

KIPs are about the most important modifications either on the governance framework, or on the protocol directly.

1. Writing a KIP

KIPs are about the most important modifications either on the governance framework, or on the protocol directly.

This type of proposal should include, in addition to all the points mentioned in the first part:

Context: (After summary)

What’s the modification and why it’s needed.

KIPs would concern but wouldn’t be limited to:

• New version of the protocol

• Modification of a smart contract

• Updates on the initial parameters

• Modification of the governance framework

• Add/Remove a signer on the DAO multisig (will be introduced in the next few months)

KIPs are the most critical and important types of proposals, as it’s directly about the core product of KUMA Protocol or a major change in the functioning of governance.

2. Submission of proposal

It’s very important to get as much DAO members aware of this kind of proposal for them to vote accordingly, which is why we should consider more conservative parameters, and a longer voting period:

• Admin: Team multisig

• Quorum: 0,5% of the total supply (5M MIMO)

• Voting duration: 7 days