4 - Adoption of Proposed SHx Governance Rules

This proposal asks if the proposed SHX Governance Rules be adopted as the foundational rules for how SHx governance is conducted.

Outcome: FOR. The proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx.

Event
Date
Notes

Snapshot Time

Dec 11, 2024 20:00 GMT

Ledger Sequences

Stellar: 54,784,871

Vote Start

Dec 16, 2024 20:00 GMT

First included Stellar ledger: 54,857,024

Vote End

Dec 21, 2024 20:00 GMT

Last included Stellar ledger: 54,929,175

Results Published

Dec 31, 2024 20:00 GMT

Implementation

Q1 2025

Description

The vote seeks approval for the adoption of the Proposed SHx Governance Rules document, which establishes the governance framework, voting processes, and amendment procedures for SHx governance on the Stellar and Ethereum networks.

Background

The Proposed SHx Governance Rules are designed to formalize SHx governance, ensuring transparency, security, and trust. Key highlights include:

  • Voting mechanics based on Active Circulating Supply and token snapshots.

  • Proposal lifecycle processes, including community discussions, draft proposals, and binding votes.

  • Governance structures, such as the requirements for super-majority and simple-majority approvals for different types of proposals.

Adopting these rules is a foundational step in enhancing Stronghold's decentralized governance approach and streamlining future decision-making processes.

Voting Notes

The vote asks if the Proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx, passing by simple majority.

Results

A total of 158,320,372 voting power participated in the proposal vote.

Question

Which StrongholdNET APIs should be prioritized for development and release in the open-access developer console?

Response
Position
Votes

FOR

The proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx.

112,393,017

AGAINST

The proposed SHx Governance Rules document should not be adopted as the foundational governance framework for SHx.

0

ABSTAIN

Abstain from voting for this proposal.

45,932,355

Outcome: FOR. The proposed SHx Governance Rules document should be adopted as the foundational governance framework for SHx.

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