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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.

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.

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Snapshot

A simple off-chain voting interface for community members to signal sentiment during the early stages of a proposal’s life cycle

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