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Governance
The ICHI DAO is governed by the community of ICHI token stakers. Staked ICHI is represented by a separate token, called xICHI.
xICHI
The xICHI Token
The xICHI token enables community ownership and active stewardship of the Protocol. xICHI holders govern the Protocol through an on-chain governance process.
The Governance Apps
The xICHI token enables community ownership and active stewardship of the Protocol. xICHI holders govern the Protocol through an on-chain governance process.

THE PROPOSAL PROCESS
Phase 1.
Ideate. Bring up the idea in the “Proposals-Discussion” channel, tagging everyone for full awareness. This will enable community discussion and engagement.
Phase 2.
Draft a proposal. This proposal should include the following: idea, reasoning for proposal, how it will benefit the ICHI community, and possible risks. Share the detailed proposal with the community on the “Proposals-Discussion” channel.
Phase 3.
Submission. Once approved on Discord, schedule a live stage meeting to review the proposal. Identify the default quorum, and set a timeline.
Phase 4.
Voting. Once approved, your proposal will be posted on ICHI's snapshot by one of the Core Team members. Snapshot: https://snapshot.org/#/ichi.eth