Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Modify market change proposal requirement #1768

Merged
merged 2 commits into from
Jun 15, 2023
Merged
Changes from all commits
Commits
File filter

Filter by extension

Filter by extension

Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
6 changes: 4 additions & 2 deletions protocol/0028-GOVE-governance.md
Original file line number Diff line number Diff line change
Expand Up @@ -88,8 +88,8 @@ In a future iteration of the governance system we may restrict proposal submissi

### Market change proposal

Market change proposals additionally require certain minimum [Equity-like share](0042-LIQF-setting_fees_and_rewarding_lps.md) set by `governance.proposal.updateMarket.minProposerEquityLikeShare`.
So, for example, if `governance.proposal.updateMarket.minProposerEquityLikeShare = 0.05` and a party has `equity-like share` on the market of `0.3` then they can make a market change proposal. If, on the other hand, a party has `equity-like share` of `0.03` then they cannot submit a market change proposal.
Market change proposals can also be submitted by any party which has at least the minimum [Equity-like share](0042-LIQF-setting_fees_and_rewarding_lps.md) set by `governance.proposal.updateMarket.minProposerEquityLikeShare`. Note that such a party can submit a proposal even if it doesn't hold any amount of the governance token.
So, for example, if `governance.proposal.updateMarket.minProposerEquityLikeShare = 0.05` and a party has `equity-like share` on the market of `0.3` and no governance tokens then they can make a market change proposal. If, on the other hand, a party has `equity-like share` of `0.03` and no governance tokens then they cannot submit a market change proposal.

### Duration of the proposal

Expand Down Expand Up @@ -514,6 +514,8 @@ APIs should also exist for clients to:
- Governance vote to suspend a market that's currently in auction trading mode keeps it in auction mode at vote enactment time. Even if the trigger that originally put the market into auction mode is no longer violated the market must remain in auction. (<a name="0028-GOVE-114" href="#0028-GOVE-114">0028-GOVE-114</a>)
- Unsuspending a market with other auction triggers active does not put it out of auction until those triggers allow to do so. (<a name="0028-GOVE-115" href="#0028-GOVE-115">0028-GOVE-115</a>)
- A market suspended by the governance vote does not allow trade generation of margin account balance reduction. (<a name="0028-GOVE-116" href="#0028-GOVE-116">0028-GOVE-116</a>)
- Verify that a party with 0 balance of the governance token, but with sufficient ELS can submit a market change proposal successfully. (<a name="0028-GOVE-117" href="#0028-GOVE-117">0028-GOVE-117</a>)
- Verify that a party with 0 balance of the governance token and insufficient ELS sees their market change proposal rejected after submission. (<a name="0028-GOVE-118" href="#0028-GOVE-118">0028-GOVE-118</a>)

#### Network parameter change proposals

Expand Down