First, why do we need a proposal framework?
Consider this unspecified airdrop proposal: it simply expresses an intent. If it goes through, there is nothing that can be done based on this, considering there is no specification: the community will need to specify the intent into a proper proposal and vote on it again.
To avoid frustrating situations like these, a common understanding of what an implementable proposal must include is necessary.
We’ll provide all necessary information to the community, that I’d like to see rise up to the occasion! Not only can you get involved in the establishment of the PSPIP, but doing so will also help you develop critical expertise on ParaSwap’s governance process.
Once the PSP-IP is established, the Content Producers who actively contributed to it will be able to step up to become Governance Scribes - here to support individuals and DAOs to help them write qualitative proposals and to update the community with frequent governance recaps.
Keep in mind that while the PSPIP framework must be clear and include everything needed for implementation, the challenge is also to keep it as lightweight and simple as possible to facilitate participation.
We will formalize the PSPIP with four main steps:
- (you are here /now) Launching the process with the base proposed doc
- (this week → up to the CC#2) Feedback, discussion and iterations on the requirements and how to uphold them
- (in the wake of the CC#2) Initial framework proposed: the Scribes can collect feedback and keep improving on the proposed framework
- (soon) ⇒ Scribes submit the first framework as PSPIPΔ0. If the proposal passes, all following proposals will need to respect the framework it specifies.
PSP-IP v1.0
Introduced 04/12/2021, with the help of @0xYtocin, @CZhead, @Disiaque & @Cyrille
1. Proposal Number & Name
A number to identify the proposal, based on the order of submission and name (=snapshot vote title).
Ex: PSP-IPΔ0: ParaSwap Improvement Proposal Framework
2. Keywords
One or multiple choice: Front-end upgrade, smart contract development, marketing and communication, security, PSP token upgrade, PSP liquidity incentives, PSP staking policy, parameter update, integrations, and synergies.
3. Simple Summary
Clear and layman-accessible one or two-line summary of the proposal.
4. Context
Comprehensive overview of the issue being addressed and the solution proposed (~ 100w).
5. Goals
What are the main goals of the proposal? What is it trying to accomplish?
6. Means
What the proposal requires to come to life: PSP budget, additional development on the ParaSwap product, external development, etc.
7. Rationale
How will success be measured? What metrics will be used to evaluate the success of the proposed implementation?
8. Forward-thinking considerations
With this proposal implemented, what are the next steps to consider? Does this proposal include any new parameter the DAO can adjust? Does it call for a revision of another subcomponent of the system?
9. Implementation Overview
What happens if this proposal goes through? A high-level overview of the main steps required for its implementation.
Improving the PSP-IP
This topic is open for everyone to share their envisioned improvements to the proposed framework. Changes to the framework must be confirmed by a governance vote.
having a temperature check process (using the forum here for instance) so that no proposal is submitted before some conversation happens and a positive signaling poll gives the green light
if unhappy people try to spam the snapshot process, then a minimal threshold might be useful (possibly with delegation, nobody wants rich gate keepers capturing the governance like in other well known protocols) ; another option used by ENS is to whitelist people authorized to write in the forum, via a participation request form
defining standards regarding minimal turnout, majority rules, minimal duration, and other features of the decision process - such parameters may change depending on the nature of the proposal (signaling, executable, constitutional)
documenting all the above and making available to everyone
