Parameters
Validation (who can submit a proposal): Anyone
Threshold (minimum FRAK staked to submit proposal): 1,000 FRAK
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
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)
Last modified 1yr ago