Governance Process

At Platypus, we value community input and participation in our governance process. To help you navigate this process more easily, we have outlined the platforms involved and the steps required to submit a proposal.

Platforms involved:

Discourse forum:
Here you can engage in discussions and share your ideas with the community. New members are required to read at least 30 posts, spend 10 minutes reading, and participate in at least 5 topics before being permitted to post themselves.
Snapshot: Snapshot
Snapshot allows for off-chain voting, weighted by the number of vePTP. Only the Platypus team can submit a proposal on Snapshot. If your proposal passes Temperature Check, please contact the Platypus team to create a Snapshot poll for you.

Types of Proposals

There are various types of proposals that can be submitted for consideration in our governance. And these are proposals for:
  • Adding a token to a pool
  • Creating a pool for given tokens
  • Adjusting haircut for pools
  • Adjusting protocol parameters
  • New features

Creating a proposal

Temperature Check

If you are ready to make some changes, start by checking if there is enough will in the community to bring your idea to life. Here's how:
  1. 1.
    Post your proposal in the Temperature Check category on Discourse and make sure to label it as "Temperature Check - [Your Title Here]"
  2. 2.
    Use the Proposal Structure format and invite other community members to join in on the discussion.
  3. 3.
    Community members can show their support by giving likes and commenting. If your post receives at least 15 votes, you'll move on to Consensus Check.

Consensus Check

In this step, the discussion gets formal, and we aim to reach a consensus. Here's how you can perform a consensus check:
  1. 1.
    Use the feedback you received in the Temperature Check post to improve your proposal. To alert the community, create a new post in the Consensus Check category titled "PIP # — [Your Title Here]" and link it to the discussion thread.
  2. 2.
    Contact an admin to create a new Snapshot poll by mentioning @admins in your post reply. It is important to provide the following information in your post reply: The Proposal content, Relevant links, Temperature Check thread and Consensus Check thread.
  3. 3.
    The poll will last for seven days. Make sure you have added the snapshot poll URL to your Consensus Check thread.
  4. 4.
    Stay neutral and respond to any questions or concerns community members have.
The option with the majority of votes wins, and a vePTP yes-vote quorum of 30m and over 50% yes-votes are required for consensus. A one-day timelock is implemented before executing the proposal that passed the consensus test.
If the "Make no change" option wins, the Consensus Check topic will be closed by the admins/moderators.
To resubmit the proposal, a 7-day cool-down period is required. During this time, revisions should be made based on the previous feedback provided by the community.

Passing Temperature Check and Consensus Check

To successfully make a change on Platypus, it is crucial to pass both the temperature check and consensus check.

Temperature check

  • The proposal needs to gain enough traction by receiving at least 15 votes in the post
  • The discussion will last for two days.

Consensus check

  • The consensus check involves a formal discussion on the proposal, where feedback from the temperature check post is considered, and the proposal is adjusted accordingly.
  • A Snapshot poll is then created, and the vote lasts for seven days.
  • There needs to be a 30M vePTP yes-vote quorum and more than 50% yes-vote.
  • There is a one-hour delay between the voting period and the day of execution.