Governance Process

For a full review of the proposal lifecycle, visit this guide: Proposal Lifecycle - Governance Documentation

At the heart of all governance proposals is community discussions. In this forum, ideas can be shared, discussed, criticized, improved, and ultimately proposed to improve the dYdX protocol. Community discussions fuel the governance process. Below, we briefly outline the process for sharing ideas and moving them forward to proposals.

All proposals and ideas should be shared in the forum under the Proposals category. A formal improvement proposal can be posted using the dYdX Request for Comments guidelines below.

dYdX Request for Comments (DRC)

Posting a DRC on the forum is the first step in the governance improvement process. Anyone can participate in submitting a DRC and discussing an ongoing DRC post.

While community members are free to use their own preferences, we recommend that DRCs are formatted using the structure below to improve reviewing:

The summary can provide a high level overview of the subDAO, its purpose, and the motivation for the proposal. Readers should immediately get an understanding of the proposal and subDAO.

The description can go into more detail about the proposal. This section can include background on the function and/or deliverables of the subDAO to better understand its purpose. Most importantly, the section should provide a breakdown of the subDAO formation, including structure, purpose, and deliverables.

This section can be used to cover theoretical and practical information on the purpose for the subDAO. Readers should get a better understanding of why this subDAO is important.

Here, the proposal can go into all details of the subDAO formation and functions. This includes:

  • Deliverables (with expected impact)
  • Contributors (with background information)
  • Legal Entity
  • Funding requirements and respective benchmarks, as applicable
  • Compensation and expenses and respective benchmarks, as applicable
  • Timeframe and milestones

Finally, the post can end with a breakdown of the proposal to provide a brief summary of the information shared.

Discussion Period

Once shared, we encourage all community members to actively participate with questions and comments. The original poster will be expected to address all discussion points, and improve the proposal based on feedback received.

Voting Stages

After active discussion, and assuming positive feedback from community members, the proposal may be move forward in the lifecycle to voting stages. Refer to the guide at the top for more information on these proposal steps. If the proposal does not receive positive feedback, the proposal should be reworked or abandoned at the discussion stage.