As a recommended guideline, a KIP should include:
Proposal Name Choose a title that best represents your KARRAT Improvement Proposal (KIP).
KIP Type - Constitutional KIP or Non-Constitutional KIP
Abstract - Two or three sentences that summarize the KIP.
Motivation - A statement on why the KARRATco should implement the KIP.
Rationale - Explanation of how the KIP aligns with the KARRATco’s mission and guiding values.
Key Terms (optional) - Definitions of any terms within the proposal that are unique to the proposal, new to the KARRATco, and/or industry-specific.
Specifications - A detailed breakdown of the platforms and technologies that will be used.
Steps to Implement - The steps to implement the KIP, including associated costs, manpower, and other resources for each step where applicable. For the avoidance of doubt, any KIPs involving transactions with third parties (such as grants) will need to ensure that applicable legal documentation and procedures are also included.
Timeline - Relevant timing details, including but not limited to start date, milestones, and completion dates.
Overall Cost - The total cost to implement the KIP.
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Each KIP must be labeled as “Constitutional” or “Non-Constitutional”.
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A Constitutional KIP is one that modifies the text or procedures of this Constitution or the process or code of the Karrat Protocol functionality. This will be an on-chain action.
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A Non-Constitutional KIP is one that requests funds/grants or otherwise proposes how to spend or allocate funds from the KARRATco Treasury, or provides general guidelines or information to the community but does not otherwise propose a new feature or update.
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