Governance Actions

Governance actions are sets of activities such as changing parameters of Plenny that no one else can modify. An accepted proposal is queued in the time-lock and can be implemented after two days (e.g. ≈13,000 blocks).

Typically, there are no proposals that need to be implemented by a team or foundation, as the adjustment of parameters runs fully automated via the governance module. Any governance vote on parameters triggers executable code that is automatically changed.

However, Plenny also supports voting on generic proposals without executable code. Generic proposals that fall outside the scope of parameters can be made through this specific proposal feature. If voted for by a majority, more complex changes may temporarily require the appointment of technical maintainers to work on behalf of the community.

Generic proposals are intended to foster innovation, prevent technical roadblocks, and keep pace with technical progress in the context of the larger crypto ecosystem.

During the experimental phase, a portion of token inventory is distributed among community members to enable governance voting.