[GP-4] Governance Reform Proposal

The off-chain component on Snapshot has successfully passed with over 1.2 m SEAM support

1 Like

As an update: seems the onchain portion of this proposal [SIP-7] has passed and formed quorum - there will be an onchain execution sometime tomorrow

1 Like

The timelock has passed and the proposal is now executed onchain!

Now that [SIP-7] has been executed, as outlined in the discussions/proposal, the reward schedules for the platform are now set by the Community Guardian Multisig, until further more robust governance processes are created.

Discussions of individual reward emission schedules will be carried out via Discord, most likely in the #governance-improvements channel for now. Initial discussions and rebalancing of market emissions are occuring now and will likely come into effect in the next 24-48 hours or so.

However, note: SEAM budgets for reward schedules will still be discussed from time-to-time on Discourse here, as this budget is funded by the DAO. As such, these proposals would go through the onchain governance process for approval + budget funding. (The Guardians simply take the available SEAM budget and adjust emissions at the individual market level, based on the overall budget and schedule set by the DAO)