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Voting Process

Voting in the Arowana Protocol is conducted through the following 5 steps:


1. Proposal Submission

  • Staking ARW Tokens
    • Only users who stake a specified amount of ARW tokens are eligible to submit proposals.
  • Proposal Submission
    • Proposals are submitted via smart contracts.
    • Proposals must include the changes, reasons, and expected impacts.

2. Discussion Period

  • Discussion after proposal submission
    • After the proposal is submitted, a discussion on the proposal will take place within the community.
  • Sharing opinions
    • Users share opinions and discuss the validity of the proposal through various community channels such as forums, Discord, and Telegram.

3. Voting Phase

  • Voting begins after the discussion period ends
    • When the discussion period ends, the proposal moves to the voting phase.
  • Smart contract-based voting
    • Voting is automatically conducted through smart contracts, and all voting records are transparently recorded on-chain.

4. Voting Counting

  • Automatic counting by smart contracts
    • The smart contract automatically counts the voting results.
  • Proposal adoption when criteria are met
    • A proposal is adopted when certain criteria are met.
    • For instance: 50% or more in favor, 20% or more participation rate

5. Execution

  • Execution of adopted proposals
    • When a proposal is adopted, it is automatically reflected in the protocol or executed by the Arowana Protocol team.
  • Unaccepted Proposals
    • If a proposal is not accepted, the proposer may revise or resubmit the proposal.

Voting Criteria

  1. For / Against
    • Votes are cast simply as “For” or “Against.”
  2. Quorum
    • A minimum participation rate is required for the vote to be valid.
    • For instance, at least 20% of all ARW tokens must participate.
  3. Approval Threshold
    • A proposal is approved if more than 50% of the votes cast are in favor.
    • Ensuring that only proposals with majority support are implemented.