Each poll starts with a proposal, initiated by a community member or a group of people within the community.
There are two types of proposals:
Text proposals. They consist of a title, a short description of the proposal and an optional URL.
Parameter proposals. They consist of a text proposal and a list of executable messages that encode the instructions to be passed to the relevant Glow smart contracts. The list of messages will be executed from the Glow Gov contract. It should be noted that parameter proposals will be activated after the first 6 months of Glow, to make sure the protocol is secure and stable following our progressive decentralization roadmap.
The following steps describe the usual lifecycle of a poll in Glow:
A new poll is created with an initial GLOW deposit, the Proposal Deposit
The poll enters the voting phase, in which any user with staked GLOW can vote. Users can vote yes or no. Voters can assign how many of their staked GLOW will be used for voting this poll.
The total amount of staked GLOW can be snapshotted to the poll within a time window of Snapshot Period before the poll's end. This value is used to calculate the poll's quorum.
The voting period ends after Voting Period has passed.
After the voting period has ended, the poll's votes a tallied. The poll passes if both quorum (minimum participation of all staked GLOW) and threshold (minimum ratio of yes to no votes) are met.
If the poll passes, its contents can be executed after Timelock Period blocks have passed. The poll must be executed prior to the Expiration Period, otherwise, it will automatically expire and no longer be considered valid. This step is only relevant for Parameter proposals.
Types of Polls
GLOW Distributor Parameters
Glow Lotto Parameters
Parameters related to the business logic of Glow Lotto.
A special type of proposal that consitute applications for grant funding from the Glow Ecosystem Fund (GEF). Read more about this on the GEF page.