Governance & Voting

Voting requirements:

veXB3 and Quorum.

As XB3 Finance is a sufficiently decentralised protocol, any community member may propose protocol changes. Below are the rules of proposal acceptance:

• 20% of veXB3 is needed to vote in order to achieve quorum (ie. The vote is valid when a minimum of 20% of veXB3 has voted on it.)

• Majority of votes required to pass.

• Proposals must be listed on gov.xb3.finance

• Snapshot (https://snapshot.org/#/xbefinance.eth) vote must link to the https://gov.xb3.finance proposal

• A minimum of 24 hours must be given to the proposal prior to start to allow community contribution, and a vote must run for a minimum of 48 hours. The more time the better.

History of governance and voting:

• XIP1 (XBE improvement proposal 1), was put forward by the team 3 May 2021 and accepted by the holders of XBE on 28 May 2021.

• XIP2

• XIP3 (Bug Bounty Proposal)

• XIP4 (Hive Test Allocation)

• XIP5 (XBE Hive Reward Allocation)

• XIP6

• XIP7 (XBE Hive Reward Ramp Up)

• XIP8 (DAO Leadership Colony Implementation)

• XIP9 (Emission Reduction)

• XIP10 (Protocol Migration)