Proposals

In order for a Opal governance proposal to be eligible for voting, a proposal must first be published on the Opal Discourse. Proposals that are posted on Snapshot without an accompanying Discourse post will be terminated by the core team. It is recommended that users wait 3 days after submitting their proposal on Discourse before posting it on Snapshot. This time will allow for the community to provide feedback and allow for a more concise proposal to be published on Snapshot.

Opal Improvement Proposals (OIPs)

The OIPs serve to propose changes that improve the protocol. For example, this could be the introduction of a new smart contract or an update to some Omnipool parameters.

Duration

• Duration: 5 days

• Quorum: 15%

• Min. vlGEM Balance: In order to post a OIP on Snapshot a user must have a minimum balance of 5,000 $vlGEM

• Veto: Yes

Ecosystem Amendment Proposals (EAPs)

Users can submit a EAP to propose changes to the whitelisted Balancer pools for a specific Opal Omnipool. This mainly includes:

• adding a new Balancer pool (whitelisting)

• removing a Balancer pool (blacklisting)

After a EAP has been passed a LAV must be completed before the new pool is eligible to receive a liquidity allocation weight.

• Duration: 5 days

• Quorum: 15%

• Min. vlGEM Balance: 50,000 $vlGEM

• Veto: No

A Balancer pool must be whitelisted/blacklisted per Omnipool.