# Parameters

### **Submitting Proposal Criteria**

**Validation** (who can submit a proposal): Anyone\
**Threshold** (minimum FRAK staked to submit proposal): 1,000 FRAK

### **Voting** (Total Voting Period = 4 days)

**Delay** (time after submitting proposal before voting begins, so people can discuss and research anything): 1 day\
**Voting Period** (time vote is active): 3 days\
**Quorum** (min number of votes for proposal to be valid, i.e even if yes but less than quorum, proposal would not pass): 10 million FRAK

### **Reality.eth Exeucting on-chain**

**Timeout** (How long people will have to correct incorrect responses after they are posted.): 1 day\
**Cooldown** (time after timeout period ends to open a dispute and send to arbitrator): 1 day\
**Expiration** (time to execute transaction after cooldown ends): 7 days\
**Bond** (amount to put down to validate the snapshot result, is refunded if passed, and anyone can double amount to change answer if dispute): 0.1 ETH\
**Arbitrator** (If dispute arises and community cannot come to an agreement) Kleros

**Total time to pass vote and execute = 6 days**\
1-day Delay for people to review vote and discuss\
3-days Active Voting\
1-day reality.eth approval\
1-day cooldown on reality.eth (where dispute can be filed)


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