The community contribution to XBE is essential for its ongoing innovation and differentiation.
The governance model requires a holder of the XBE token to lockup their token/tokens in order to receive their proportional veXBE. With veXBE, users' are able to put forward proposals on the governance forum as well as participate in on-chain voting of proposals.
veXBE and Quorum.
As XBE finance is a sufficiently decentralised protocol, any community member may propose protocol changes. Below are the rules of proposal acceptance:
20% of veXBE is needed to vote in order to achieve quorum ie. The vote is valid when a minimum of 20% of veXBE has voted on it.
Majority of votes required to pass.
Proposals must be listed on gov.xbe.finance
Snapshot (https://snapshot.org/#/xbefinance.eth) vote must link to the https://gov.xbe.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. More time is better.