We are excited to announce that governance proposal PIP-08 — Fast-tracking of PIPs that get Immediate traction into Snapshot — was approved via governance voting by a vast majority of 1.2M PUSH in favor.
Approval of PIPs can now take as low as five days depending on traction from the community and after meeting predefined criteria. Continue reading to learn how.
Before this proposal, the official PIP’s approval process was a 3-step process as follows:
Proposal Phase — Here, the draft proposal is posted at https://gov.epns.io/. At this stage, the proposal must receive at least 5 likes and be on the forum for at least 5 days.
Discussion Phase — The PIP number is assigned at this stage, and more community discussion is encouraged. The PIP must receive at least 10 likes and 3 comments and be in this category for at least 5 days.
Voting Phase — The proposal is voted on and passed or rejected. In this final stage, the PIP will be up for voting for 7 days.
A PIP takes at least 17 days to pass through this method. And while effective, it might not be efficient enough in some cases where a proposal might receive immediate positive traction from the community.
Now that PIP-08 is approved, the process can be significantly expedited once a proposal meets certain criteria, reducing its time for the approval to 5 days.
Here is how a PIP gets passed at full tilt via fast-tracking:
Step 1: Post the draft proposal in the Governance Proposals section of the forum.
Step 2: The proposal must receive a minimum of 7 likes and 5 comments in favor in the first 48hrs of being added to the forum.
Step 3: The proposal will be assigned a PIP number in the discussion forum and be promoted to Snapshot, skipping the discussion phase.
Step 4: Promote to Snapshot with immediate vote open for 3 days.
Important considerations to fast-track your proposals
- Fast-track requires a quorum (i.e., 1% of total votes ~ 153k PUSH as of August 17, 2022 )
- Proposals that don’t meet the criteria on any steps will continue the standard flow.
- For the comments on the proposal to be considered, they must be made by users with at least a Basic trust level (Level 1). The questions asked by users with Member trust level (Level 2) and above must be answered to continue with the Fast-track process. More information on trust levels can be found here.