Governance

The system by which entities are directed and controlled. It is concerned with structure and processes for decision making, accountability, control and behaviour at the top of an entity.

Mechanism
Public and Council can make changes to the network via referenda which will go through the referendum where all CERE holders, weighted by stake, make the decision.

Referenda
Referenda are simple, inclusive, stake-based voting schemes. For instance, Upgrading the number of validators from 600 to 700. They are discrete events with fixed voting periods. They are binary, the only option in voting is "aye" or "nay" or abstaining entirely.
Type
There are several types of proposals:
Publicly submitted proposals;
Proposals submitted by the council, either through a majority or unanimously;
Proposals submitted as part of the enactment of a prior referendum;
Emergency proposals submitted by the Technical Committee and approved by the Council.
Enactment time — 28 days.
Note: For emergency proposals, the enactment period will be shorter.

Proposing a Referendum
Public Referenda
Who: Anyone can propose
How: Depositing the minimum amount of tokens for a certain period (number of blocks).
What happens Next:
1.If someone agrees with the proposal, they may deposit the same amount of tokens to support it - this action is called seconding.
2.The referendum with the highest number of bonding will be selected for next voting cycle.
3.Only the number of tokens will be considered for moving to voting irrespective of the number of accounts contributed.
Maximum of 100 public proposals in the proposal queue.
Council Referenda
Unanimous Council - All members of the council agree on a proposal
Majority Council - Agreement from only a simple majority of council members only be one active referendum at any given time, except when there is also an emergency referendum in progress.
Voting Timetable
2 Queues
Public referenda
Council referenda
The referendum to be voted upon alternates between the top proposal in the two queues.
The "top" proposal is determined by the amount of stake bonded behind it
Voting on a referendum
To vote, a voter generally must lock their tokens up for at least the enactment delay period (28 days) beyond the end of the referendum.
It is possible to vote without locking at all, but your vote is worth a small fraction of a normal vote, given your stake.
Tallying
approve - the number of aye votes against - the number of nay votes turnout - the total number of voting tokens (does not include conviction) electorate - the total number of CERE tokens issued in the network
Super-Majority Approve
Super-Majority Against
Simple Majority
Approve > Against
Submit public referenda
 How to submit a proposal for the Network?
In order to submit a proposal:
1.Go to the Cere Explorer: Governance -> Democracy
2.Click on Submit Pre-image and fill in the form. Let’s say you want to propose to increase the amount of validators:
1.Copy preimage hash to the Clipboard
2.Click “Submit preimage”, then “Sign and Submit”
3.Click “Submit proposal”
4.Specify “preimage hash” and “locked balance”:
1.Click “Submit proposal” button then “Sign and Submit”
Now you should be able to see it in “proposals” section:
How to vote for the proposal?
Wait until the end of each launch period for example for the current proposal you will need to wait about 22 days:
After this, the most seconded proposal will move to a referendum. After that others can vote for the changed param.
How does the proposal get applied?
Once all participants voted the change will be applied.

Last modified 29d ago

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Contents

Mechanism

Referenda

Type

Proposing a Referendum

Submit public referenda