Proposal

The proposal process in the Arowana Protocol is designed to empower users to directly influence the direction and key parameters of the protocol. This transparent and fair process encourages active participation from ARW token holders, enabling community based decision making

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1. Proposal Submission Requirements

• ARW Token Staking

  • To submit a proposal, users must stake a minimum amount of ARW tokens.

  • For example, proposers may need to stake at least 1,000 ARW tokens.

  • The exact staking amount will follow specific policies, which will be announced on the official website or social media channels.

• Proposal Fee

  • A certain amount of ARW tokens must either be burned or deposited to prevent spam proposals.

  • This fee ensures that proposers participate seriously. The fee structure will also adhere to separate policies

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2. Types of Proposals

1. Protocol Parameter Adjustments

   • Proposals to modify key protocol parameters, such as transaction fees, lending interest rates, or LTV ratios.

2. Addition of New Features

   • Proposals to expand protocol functionality, including adding new liquidity pools, modifying staking products, or introducing new financial products.

3. Changes to Reward Structure

   • Proposals to adjust ARW token reward rates, introduce new reward programs, or change rewards for liquidity providers and staking participants.

4. Gold Holdings and Management Policies

   • Proposals related to managing gold reserves, including changes to gold purchase or burning policies, expanding storage facilities, or enhancing transparency in gold management.

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3. Proposal Submission Procedure

1. Drafting the Proposal

   • Proposers draft a detailed proposal.

   • The proposal should include objectives, expected outcomes, implementation plans, and required funding.

2. Proposal Review

   • Submitted proposals are reviewed for feasibility by the operations team or governance community.

   • Proposers may revise or supplement their proposals based on feedback and resubmit if necessary.

3. Discussion and Feedback

   • Reviewed proposals are shared within the community for discussion and feedback.

   • Users can express diverse opinions and debate the strengths and weaknesses of the proposal.

4. Voting Preparation

   • After discussions are complete, the proposal moves to the voting preparation stage.

   • The voting schedule is announced, and participation is encouraged.