The KIP Process for Authors

Help & Resources
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Temp
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The KIP is suggested on the public forum and discussed/debated for 1 week. The KIP should be accompanied by a Snapshot poll which can only be submitted by an address that holds at least 100k KARRAT. The Snapshot poll also runs for 1 week and is decided by a simple majority with no required participation threshold. A KIP that fails the temperature check should not be submitted for a vote.

Recommended Guideline: If a KIP fails the temperature check or has not undergone a temperature check, it is recommended that voters strongly consider voting to reject it.

Formal
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The KIP is submitted via governance contracts on Ethereum MainNet, with a user interface available on WinVote. The KIP proposer is required to have an address that is delegated at least 100,000 Votable Tokens.

After 3 days, a voter distribution snapshot will be taken and the voting period will begin; this gives interested parties time to discuss the KIP and gather votes before the voter distribution snapshot is taken.

Recommended Guideline: KARRATco members should vote against any KIP that is incorrectly labeled.

Vote
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Following the three-day call-for-vote period, the voting period for the KIP will begin directly on-chain (Ethereum mainnet) via WinVote and will last for 14 days. A KIP passes if more Votable Tokens have cast votes “in favor” than have cast votes “against”. And in the case of a:

  • Constitutional KIPs must meet a quorum of at least 5% of all Votable Tokens, voting either “in favor” or “abstain”.
  • Non-Constitutional KIPs must meet a quorum of at least 3% of all Votable Tokens, voting either “in favor” or “abstain”.

If the KIP fails to pass, the process ends after Phase 3.
If the KIP passes, then it proceeds to Phase 4.

TIMELOCK
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After a KIP has been approved, there will be a 7-day timelock.

Implementation
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The KIP is fully executed and implemented. This process as specified can typically require 31 days from the beginning of the temperature check in Phase 1 until a KIP is finally executed in Phase 5.

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Votable Tokens: All $KARRAT tokens in existence, excluding any tokens held by the Karrat Foundation, the KARRATco Treasury, locked tokens and any unclaimed airdrops.

For further information please refer to the KARRATco Docs.

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