Section 3: Proposal Lifecycle
3.1 Proposal Review and Discussion
After submission, each proposal enters a review and discussion phase, where community members can comment, raise questions, and provide feedback. This phase ensures that all members have the opportunity to evaluate the proposal thoroughly before voting.
Review Period: Proposals must be available for review for a minimum of 7 days before voting can commence.
Feedback Incorporation: Proposal authors are encouraged to incorporate community feedback during this period to improve the proposal’s chances of approval.
3.2 Voting Process
3.2.1 Voting Eligibility
Only CATH token holders are eligible to vote on proposals. Each CATH token represents one vote, and token holders cast their votes using the DAO’s governance platform. Voting can be done directly or through delegated voting mechanisms.
3.2.2 Voting Quorum and Approval Thresholds
For a proposal to pass, it must meet both the quorum and approval threshold:
The minimum number of votes that must be cast for the vote to be valid. The quorum is set at a percentage of the total circulating CATH tokens, ensuring broad participation in governance.
Governance Proposals: 10% quorum
Funding Proposals: 5% quorum
General Proposals: 3% quorum
3.2.3 Voting Duration
Voting periods are standardized to ensure fairness and consistency:
Governance Proposals: 7 days
Funding Proposals: 5 days
General Proposals: 5 days
3.3 Proposal Implementation
Once a proposal passes the voting stage, it is automatically implemented through smart contracts. The Cathedral Foundation DAO’s treasury or governance system will execute the required actions, such as releasing funds or updating governance structures.
For more complex proposals, a project team or working group may be formed to oversee the implementation, and regular progress updates will be provided to the community.
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