Proposal Lifecycle

All changes to the Noderr Protocol are made through a formal governance process. This document outlines the lifecycle of a governance proposal, from submission to execution.

The 4 Stages

1. Submission

A community member submits a new proposal through the Noderr dApp. The proposal must meet certain criteria, such as a minimum deposit of NODR tokens, to be considered.

2. Review

The proposal is reviewed by the relevant chamber (Oracle or Guardian) to ensure it is well-formed and does not pose a security risk.

3. Voting

If the proposal passes the review stage, it is put to a vote of the NoderrDAO. Token holders and node operators can cast their votes for or against the proposal.

4. Execution

If the proposal receives a majority of votes and meets the quorum requirement, it is automatically executed by the governance smart contract after a time-lock period.