Governance

Overview

On-chain governance is useful for controlling system parameters, authorizing trusted oracles and upgrading the core protocols. The architecture adopted by the interBTC parachain is modelled on Polkadot, which allows for a Council and Technical Committee to propose referenda which are voted on by INTR holders.

Parameters (Council)

MaxProposals

The maximum number of proposals allowed in the queue.

Note

Default Value: 100

MaxMembers

The maximum number of participants allowed in the council.

Note

Default Value: 100

Parameters (Voting)

EnactmentPeriod

The period to wait before any approved change is enforced.

Note

Default Value: 1 Day

LaunchPeriod

The interval after which to process a new referenda from the queue.

Note

Default Value: 2 Days

VotingPeriod

The period to allow new votes for a proposal or referenda (Council).

Note

Default Value: 2 Days

FastTrackVotingPeriod

The period to allow new votes for a proposal or referenda (Technical Committee).

Note

Default Value: 3 Hours

CooloffPeriod

The period that a vetoed proposal may not be re-submitted.

Note

Default Value: 7 Days

MinimumDeposit

The minimum deposit required for a public proposal.

Note

Default Value: 1000 INTR

Parameters (Turnout)

ExternalOrigin

Schedules next referendum with super-majority approval.

Note

Default Value: Half Council

ExternalMajorityOrigin

Schedules next referendum with simple-majority approval.

Note

Default Value: Half Council

ExternalDefaultOrigin

Schedules next referendum with super-majority against.

Note

Default Value: All Council

FastTrackOrigin

Schedules ExternalMajority / ExternalDefault vote.

Note

Default Value: Two Thirds Technical Committee

CancellationOrigin

Schedules cancellation of a referendum.

Note

Default Value: Two Thirds Council