🐋 Free Bitcoin whale alerts →btcfi.aiindigo.com

Governance Participation Guide

Terrace has a governance system where users with a sufficient trust score can propose changes and vote on proposals.

How Governance Works

  1. Proposal — A user with a trust score of 30 or more submits a proposal (title of 10-200 characters, description of at least 50)
  2. Discussion — The proposal starts in discussion; by default the discussion period ends after 7 days, and the author can set a different end date
  3. Voting — Once the discussion period has ended, the author moves the proposal to voting, which lasts 7 days. Voters choose for, against, or abstain
  4. Tally — A scheduled job closes proposals whose voting period has ended. A proposal passes if enough voters took part (the proposal's quorum; 10 by default, minimum 3) and the weighted "for" share of for and against votes meets the threshold (60% by default; templates use 50-75%)
  5. Execution — A passed proposal is not applied automatically; an admin executes it

Voting Power

Voting requires a trust score of 15 or more. Your vote weight comes from your trust score: 1 below 26, 2 for 26-50, 3 for 51-75, and 4 for 76 and above. Your REP balance does not change your weight. Delegation rules can be created, but they are not counted in proposal tallies.

Creating a Proposal

  • Requires a minimum trust score of 30
  • Needs a title, a description of at least 50 characters, and a proposal type
  • Should specify the exact changes to be made
  • Include potential risks and mitigation strategies
  • Proposals move to voting only when the author starts the vote after the discussion period ends

Proposal Types

  • Basic types — Policy, Feature, Budget, Moderation, Partnership, Other
  • Template types — Budget allocation, parameter change, grant approval, constitution amendment, agent policy, season theme, emergency action, feature request, custom

Was this helpful?