initial depositof at least 1,000 FX. The
initial depositwill be counted as part of the entire deposit of initiating the governance voting.
voting period), all proposals are required to have a minimum amount of FX deposit, referred to as the deposit threshold or
min deposit. The
min depositis currently set at 10,000 FX. This parameter can be changed via governance.
max deposit periodor the deposit period where other FX holders can increase the proposal's deposit by sending a Deposit transaction. The
max deposit periodis currently set as 14 days.
min depositof 10,000 FX is reached, the proposal will automatically enter the
max deposit period. Dick deposits 8,000 FX to the same proposal 2 days later. The total deposit is now 9,002 FX. Harry then deposits 1,000 FX a few days later. After Harry's deposit,
min deposithas been reached and the proposal enters the
voting periodas the
min deposithas been reached.
voting periodis currently set as 14 days. Once a proposal has entered the
voting period, a qualified FX holder will have the right to vote on the proposal.
quorumis defined as the 'minimum percentage of total staked (bonded) that needs to cast a vote for proposal to be valid'.
quorumis set at 40% and is calculated as:
voting period. Quorum is 39%. Since it did not reach quorum after 14 days, the proposal will be marked as 'Rejected' and the deposit will be burned.
voting period. Quorum is 40.01%. Since it reached quorum after 14 days, the proposal is valid and will be marked passed.
quorumis reached or not
thresholdis reached or not (minimum proportion of Yes votes for proposal to pass)
veto thresholdis reached or not (Minimum value of Veto votes to total votes ratio for proposal to be vetoed)
veto thresholdis 33.4%