Overview

ZetaChain uses the standard Cosmos SDK gov governance module (opens in a new tab) to manage the network. This module allows for the creation of proposals, which can be voted on by stakers of the network. This guide will walk you through the process of creating proposals using the ZetaChain's zetacored CLI.

Governance Parameters

Making a Proposal

To make a proposal you will need to:

• Create a proposal.json file. The contents of the proposal file depends on the type of a proposal: text proposal, parameter change proposal, software upgrade proposal, etc.
• Create and publish a metadata.json file to IPFS or the web and submit the proposal using zetacored tx gov submit-proposal command. Learn about this step on the Submit a Proposal page

Proposal Stages

The lifecycle of a proposal consists of the following stages:

1. Deposit Period: During this period, any user can deposit tokens to a proposal. If the proposal reaches the required deposit amount, it will move to the voting period. If the proposal does not reach the required deposit amount, it will be marked as "Rejected". As a creator of a proposal, you can supply your proposal with the deposit (equal or higher than the min deposit param) to immediately move to the voting period.
2. Voting Period: During this period, stakers can vote on the proposal. If the proposal does not reach the required quorum or does not pass until the voting period ends, it will be marked as "Rejected". If the proposal reaches the required quorum and passes, it will be executed. If the proposal executed successfully, it will be marked as "Passed". If the proposal executed unsuccessfully, it will be marked as "Failed".

The deposit amounts will be returned to the depositors, unless the proposal was vetoed, or never entered voting period (minimum deposit not reached within deposit period).

Governance Module Docs

To learn more about the governance module, refer to the gov module documentation (opens in a new tab).