Governance
The DIMO's governance follows some standard implementations from OpenZeppelin:
GovernorUpgradeable contract, the upgradeability mechanism UUPSUpgradeable, and OwnableUpgradeable. The DimoGovernor also employs the following extensions:GovernorSettingsUpgradeable- Allows changing
_votingDelay,_votingPeriodand_proposalThresholdthrough a proposal
GovernorCountingSimpleUpgradeable- Simplifies voting system to accept only
Agains,ForandAbstainvotes
GovernorVotesUpgradeableGovernorVotesQuorumFractionUpgradeable- Allows the quorum to be expressed as a fraction of the total supply. It is also possible change the quorum through a proposal
GovernorTimelockControlUpgradeable- Adds a delay in the execution of governance decisions. With that, proposals are carried out by the external
Timelockcontract.
The
DimoGovernor contract works in conjunction with the TimeLock contract that introduces a delay between the proposal and its execution. If a proposal is successful, the users have the minDelay period to perform any relevant operation before the execution. Please note that the minDelay period can still be changed by an admin.Parameter | Value |
|---|---|
Voting Delay | 1 block |
Voting Period | 50400 blocks |
Execution Delay | 21600 seconds |
Quorum Numerator | 4% of DIMO Supply |
Proposal Threshold | 0 DIMO |
Last modified 3mo ago