At Figment, our primary focus is to be the best legal and compliant token staking service. When thinking about and participating in governance proposals, our process will be a bit different from conventional legal practices, because a cryptogovernance framework for the Cosmos Hubhas yet to be established. These are our governance goals:
We think that best practices and community standards for Cosmos governance will be valuable to the stakeholders of a burgeoning community. Subject to revision (and we expect much revisioning), we’d like to suggest some initial guidelines for thoughtful Cosmos governance proposal creation.
When drafting a new proposal, the Figment team will begin with this template:
*One important note is that we should avoid double-barrelled decisions(or worse, omnibus decisions) whenever possible. Try to delineate different potential decisions into individual proposals so that our community can make clear decisions. Please adopt our template, and please discuss and make revisions to this initial iteration.
Once our governance proposal is drafted, we’ll follow these steps to formalize and submit our governance proposal to the Cosmos Hub:
We think that following these steps will be an important part of establishing legitimacy for our governance proposals. If others adopt and improve upon our process, our hope is that it will lead to a robust equilibrium for reliable and effective decentralized decision-making.
Don’t be afraid to participate in the process — governance shouldn’t be exclusive to lawyers. Figment wants the Cosmos community to establish best practices and community standards for Cosmos governance. We need diverse voices and perspectives, so join us via the following channels:
Hopefully you found this useful. Feedback is welcome.
? I’m on Twitter: https://twitter.com/Ether_Gavin