The Iskra Governance voting process involves four stages: Check, Proposal, Vote, and Execution.
[ Propose ]
This is a stage for gathering feedbacks from KOLs. KOLs can leave their comments through voting. Iskra DAO members who are not KOLs can view the comments left by these KOLs. The proposer, then, creates a proposal based on the feedback gathered in this stage. The ‘Check’ process can be run multiple times to refine the information on the proposal.
Remember, there are no conditions for a particular proposal to pass as this ‘Check’ stage is just for collecting feedback. This stage lasts about 7 days.
This is where the KOLs finalize the proposal as an actionable item and decide whether to put it up for a vote or not. Proposals are announced in advance before putting to a vote for upvote, downvote or abstain. Iskra DAO members who are not KOLs can view the opinions of KOLs.
If the upvote exceeds 50% of the total votes, the proposal gets passed on to the ‘Voting’ stage, where it receives a vote on whether to execute or not. For proposals that failed to pass can either start over from the ‘Check’ stage with the same idea or be revised and put up for voting again as a second proposal by the proposer.
There is no quorum for this stage and it runs for about five days.
[ Vote ]
Iskra DAO members are asked to vote on the confirmed proposal whether to execute or not. Proposals are announced for about 2 days in advance and are put to a vote for about 7 days for upvote/downvote/abstain.
If upvote exceeds 50% of the total votes for a proposal that has met quorum (amount of votes cast is 20% or more of the sISK Total Supply) the proposal will be executed.
[ Execute ]
The voted agenda will be executed based on the voting results. Please see blog and Notice for more information about the execution plan and results.