On-Chain

Participation Requirements

To engage in Cascadia's on-chain governance, an account must hold bCC, a unique ERC20 implementation that defines an account's voting power. It is non-transferable and can only be acquired by locking CC.

The voting period spans 3 days, and a quorum is achieved when at least 33% of the voting power participates. The pass threshold is 50% of participating voting power. Participants can choose from Yes, No, or Abstain options during the voting period, and may change their vote before the period ends.

General Guidelines

bCC holders can vote on proposals and the current module supports these traits:

1. Proposal submission: Users with at least 6,102 bCC can submit proposals, initiating the voting period.

2. Vote: During the voting period, anyone can vote on a proposal with at least over 0 bCC.

Criteria for Approving Governance Proposals

Two factors determine the outcome of a governance proposal.

1. A quorum requires at least 33% of the network's total voting power (based on bCC balances) to participate.

2. Over 50% of participating voting power must support a Yes vote by the end of the 3-day voting period.

3. The same criteria apply to submit and determine the outcome of all proposal types.

Cascadia's on-chain governance is designed to evolve over time. The structure may be updated as part of an evolving governance process.