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Modify market change proposal requirement #1768

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merged 2 commits into from
Jun 15, 2023
Merged

Modify market change proposal requirement #1768

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bde0cd7
refactor: AND -> OR
witgaw Jun 15, 2023
12b10e4
refactor: ACs or didn't happen
witgaw Jun 15, 2023
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4 changes: 2 additions & 2 deletions protocol/0028-GOVE-governance.md
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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

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